Amalgamated Bank Grows Stock Holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Amalgamated Bank grew its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 751.6% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 17,040 shares of the real estate investment trust's stock after purchasing an additional 15,039 shares during the period. Amalgamated Bank's holdings in Ryman Hospitality Properties were worth $1,558,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in RHP. Charles Schwab Investment Management Inc. raised its holdings in Ryman Hospitality Properties by 1.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 979,176 shares of the real estate investment trust's stock worth $102,167,000 after acquiring an additional 14,861 shares during the last quarter. Keybank National Association OH purchased a new position in Ryman Hospitality Properties in the 4th quarter worth approximately $329,000. M&T Bank Corp raised its holdings in Ryman Hospitality Properties by 15.7% in the 4th quarter. M&T Bank Corp now owns 6,573 shares of the real estate investment trust's stock worth $686,000 after acquiring an additional 892 shares during the last quarter. Arizona State Retirement System raised its stake in Ryman Hospitality Properties by 0.8% during the 4th quarter. Arizona State Retirement System now owns 16,515 shares of the real estate investment trust's stock valued at $1,723,000 after buying an additional 132 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Ryman Hospitality Properties during the 4th quarter valued at $23,995,000. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ryman Hospitality Properties

In related news, Director Alvin L. Bowles, Jr. sold 1,300 shares of the company's 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 completion of the transaction, the director owned 2,576 shares of the company's stock, valued at approximately $255,049.76. This represents a 33.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Colin V. Reed acquired 8,356 shares of the company's stock in a transaction on 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 acquisition, the chairman directly owned 870,406 shares in the company, valued at approximately $84,359,749.52. The trade was a 0.97% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 5.00% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Truist Financial decreased their target price on shares of Ryman Hospitality Properties from $127.00 to $120.00 and set a "buy" rating for the company in a research note on Friday, May 30th. Jefferies Financial Group decreased their target price on shares of Ryman Hospitality Properties from $118.00 to $100.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. JPMorgan Chase & Co. assumed coverage on shares of Ryman Hospitality Properties in a research note on Monday, June 23rd. They set an "overweight" rating and a $117.00 target price for the company. Wells Fargo & Company reiterated an "overweight" rating and set a $101.00 target price (up from $99.00) on shares of Ryman Hospitality Properties in a research note on Thursday, May 22nd. Finally, Wedbush set a $110.00 target price on shares of Ryman Hospitality Properties and gave the company an "outperform" rating in a research note on Tuesday, May 6th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Ryman Hospitality Properties has a consensus rating of "Moderate Buy" and a consensus target price of $114.43.

Ryman Hospitality Properties Trading Down 1.6%

Shares of RHP stock opened at $101.53 on Tuesday. The company has a market cap of $6.09 billion, a price-to-earnings ratio of 21.51, a PEG ratio of 2.78 and a beta of 1.57. The company has a debt-to-equity ratio of 5.92, a current ratio of 1.55 and a quick ratio of 1.55. The firm has a fifty day moving average price of $97.43 and a 200-day moving average price of $97.40. Ryman Hospitality Properties, Inc. has a 1 year low of $76.27 and a 1 year high of $121.77.

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

Ryman Hospitality Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 4.53%. The ex-dividend date of this dividend is Monday, June 30th. Ryman Hospitality Properties's dividend payout ratio is currently 97.46%.

Ryman Hospitality Properties 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.

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