Allspring Global Investments Holdings LLC Buys 2,615 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Allspring Global Investments Holdings LLC boosted its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 53.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,483 shares of the real estate investment trust's stock after buying an additional 2,615 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Ryman Hospitality Properties were worth $692,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC boosted its position in shares of Ryman Hospitality Properties by 7.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 5,963 shares of the real estate investment trust's stock valued at $545,000 after acquiring an additional 405 shares during the last quarter. DigitalBridge Group Inc. purchased a new stake in shares of Ryman Hospitality Properties during the fourth quarter worth about $12,218,000. Bessemer Group Inc. boosted its stake in Ryman Hospitality Properties by 4.2% during the first quarter. Bessemer Group Inc. now owns 251,730 shares of the real estate investment trust's stock valued at $23,019,000 after buying an additional 10,032 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of Ryman Hospitality Properties by 158.5% in the 1st quarter. SG Americas Securities LLC now owns 4,361 shares of the real estate investment trust's stock valued at $399,000 after purchasing an additional 2,674 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in shares of Ryman Hospitality Properties by 13.7% in the first quarter. Janney Montgomery Scott LLC now owns 4,854 shares of the real estate investment trust's stock worth $444,000 after buying an additional 585 shares during the period. Institutional investors own 94.48% of the company's stock.

Insider Activity at Ryman Hospitality Properties

In related news, Director Alvin L. Bowles, Jr. sold 1,300 shares of Ryman Hospitality Properties stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $99.01, for a total value of $128,713.00. Following the transaction, the director owned 2,576 shares in the company, valued at $255,049.76. This trade represents a 33.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Colin V. Reed acquired 8,356 shares of the business's stock in a transaction dated Monday, June 9th. The shares were bought at an average cost of $96.92 per share, with a total value of $809,863.52. Following the transaction, the chairman directly owned 870,406 shares of the company's stock, valued at $84,359,749.52. The trade was a 0.97% increase in their position. The disclosure for this purchase can be found here. Insiders own 5.00% of the company's stock.

Ryman Hospitality Properties Trading Down 1.1%

Shares of RHP stock traded down $1.10 on Friday, reaching $103.35. 357,998 shares of the stock were exchanged, compared to its average volume of 670,324. The firm has a 50 day moving average of $98.54 and a two-hundred day moving average of $97.44. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 5.92. Ryman Hospitality Properties, Inc. has a 1-year low of $76.27 and a 1-year high of $121.77. The stock has a market cap of $6.20 billion, a P/E ratio of 21.90, a price-to-earnings-growth ratio of 2.82 and a beta of 1.57.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $2.08 EPS for the quarter, topping the consensus estimate of $1.79 by $0.29. Ryman Hospitality Properties had a net margin of 12.16% and a return on equity of 51.95%. The business had revenue of $587.28 million for the quarter, compared to analysts' expectations of $546.52 million. During the same quarter last year, the company posted $1.60 earnings per share. The company's quarterly revenue was up 11.2% compared to the same quarter last year. On average, research analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.

Ryman Hospitality Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a $1.15 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $4.60 annualized dividend and a yield of 4.45%. Ryman Hospitality Properties's dividend payout ratio (DPR) is 97.46%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Wells Fargo & Company reissued an "overweight" rating and issued a $101.00 price objective (up previously from $99.00) on shares of Ryman Hospitality Properties in a research report on Thursday, May 22nd. Jefferies Financial Group decreased their price target on Ryman Hospitality Properties from $118.00 to $100.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Wedbush set a $110.00 target price on Ryman Hospitality Properties and gave the company an "outperform" rating in a report on Tuesday, May 6th. Truist Financial dropped their price target on Ryman Hospitality Properties from $127.00 to $120.00 and set a "buy" rating on the stock in a research report on Friday, May 30th. Finally, Evercore ISI decreased their price target on Ryman Hospitality Properties from $130.00 to $120.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $114.43.

Ryman Hospitality Properties Company Profile

Ryman Hospitality Properties, Inc NYSE: RHP is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and entertainment experiences. The Company's holdings include Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; Gaylord National Resort & Convention Center; and Gaylord Rockies Resort & Convention Center, five of the top seven largest non-gaming convention center hotels in the United States based on total indoor meeting space.