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Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Purchased by Amalgamated Bank

Ryman Hospitality Properties logo with Finance background

Amalgamated Bank raised its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 751.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,040 shares of the real estate investment trust's stock after purchasing an additional 15,039 shares during the quarter. Amalgamated Bank's holdings in Ryman Hospitality Properties were worth $1,558,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Cooke & Bieler LP purchased a new stake in shares of Ryman Hospitality Properties in the 4th quarter worth approximately $74,811,000. Janus Henderson Group PLC raised its stake in Ryman Hospitality Properties by 946.6% in the fourth quarter. Janus Henderson Group PLC now owns 502,983 shares of the real estate investment trust's stock worth $52,455,000 after buying an additional 454,922 shares in the last quarter. Norges Bank bought a new position in Ryman Hospitality Properties in the fourth quarter worth approximately $29,448,000. Adelante Capital Management LLC raised its stake in Ryman Hospitality Properties by 340.1% in the fourth quarter. Adelante Capital Management LLC now owns 348,890 shares of the real estate investment trust's stock worth $36,403,000 after buying an additional 269,623 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in Ryman Hospitality Properties in the fourth quarter worth approximately $23,995,000. 94.48% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on RHP shares. Wells Fargo & Company reissued an "overweight" rating and set a $101.00 price target (up from $99.00) on shares of Ryman Hospitality Properties in a research report on Thursday, May 22nd. JPMorgan Chase & Co. began coverage on shares of Ryman Hospitality Properties in a research note on Monday, June 23rd. They issued an "overweight" rating and a $117.00 target price for the company. Evercore ISI reduced their price target on Ryman Hospitality Properties from $130.00 to $120.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. Wedbush set a $110.00 price objective on Ryman Hospitality Properties and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. Finally, Truist Financial reduced their target price 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. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Ryman Hospitality Properties has an average rating of "Moderate Buy" and a consensus price target of $114.43.

View Our Latest Report on RHP

Ryman Hospitality Properties Stock Performance

Shares of Ryman Hospitality Properties stock traded down $1.10 on Friday, reaching $103.35. 357,998 shares of the stock were exchanged, compared to its average volume of 669,743. The business has a 50 day moving average price of $98.35 and a two-hundred day moving average price of $97.46. The firm has a market capitalization of $6.20 billion, a price-to-earnings ratio of 21.90, a PEG ratio of 2.75 and a beta of 1.57. Ryman Hospitality Properties, Inc. has a twelve month low of $76.27 and a twelve month high of $121.77. 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 (NYSE:RHP - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $2.08 earnings per share for the quarter, topping analysts' consensus estimates 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 firm had revenue of $587.28 million for the quarter, compared to analyst estimates of $546.52 million. During the same quarter in the prior year, the business earned $1.60 earnings per share. The business's quarterly revenue was up 11.2% compared to the same quarter last year. Analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 4.45%. Ryman Hospitality Properties's payout ratio is currently 97.46%.

Insider Transactions at Ryman Hospitality Properties

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

Ryman Hospitality Properties Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Ryman Hospitality Properties (NYSE:RHP)

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