Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Acquired by Allspring Global Investments Holdings LLC

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

A number of other large investors have also recently bought and sold shares of RHP. Heck Capital Advisors LLC acquired a new stake in shares of Ryman Hospitality Properties in the 4th quarter worth $31,000. Fifth Third Bancorp lifted its stake in shares of Ryman Hospitality Properties by 175.6% in the 1st quarter. Fifth Third Bancorp now owns 576 shares of the real estate investment trust's stock worth $53,000 after acquiring an additional 367 shares during the period. Harvest Fund Management Co. Ltd purchased a new position in shares of Ryman Hospitality Properties in the 4th quarter valued at about $72,000. Covestor Ltd increased its holdings in shares of Ryman Hospitality Properties by 33.3% in the 4th quarter. Covestor Ltd now owns 829 shares of the real estate investment trust's stock valued at $87,000 after purchasing an additional 207 shares in the last quarter. Finally, FIL Ltd increased its holdings in shares of Ryman Hospitality Properties by 44.5% in the 4th quarter. FIL Ltd now owns 929 shares of the real estate investment trust's stock valued at $97,000 after purchasing an additional 286 shares in the last quarter. Institutional investors and hedge funds own 94.48% of the company's stock.

Insider Buying and Selling at Ryman Hospitality Properties

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

Analyst Upgrades and Downgrades

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

Ryman Hospitality Properties Stock Down 1.1%

Shares of RHP traded down $1.10 during mid-day trading on Friday, reaching $103.35. 357,998 shares of the stock traded hands, compared to its average volume of 671,533. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 5.92. The stock has a fifty day simple moving average of $98.54 and a 200 day simple moving average of $97.31. The firm has a market cap of $6.20 billion, a price-to-earnings ratio of 21.90, a P/E/G ratio of 2.78 and a beta of 1.57. Ryman Hospitality Properties, Inc. has a 12-month low of $76.27 and a 12-month high of $121.77.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.79 by $0.29. The business had revenue of $587.28 million during the quarter, compared to analyst estimates of $546.52 million. Ryman Hospitality Properties had a net margin of 12.16% and a return on equity of 51.95%. The business's revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.60 earnings per share. Sell-side analysts expect that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a dividend of $1.15 per share. 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 payout ratio is 97.46%.

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.