Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 15.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 644,450 shares of the real estate investment trust's stock after acquiring an additional 85,307 shares during the quarter. Bank of New York Mellon Corp owned about 1.07% of Ryman Hospitality Properties worth $58,929,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of RHP. Quantinno Capital Management LP lifted its position in Ryman Hospitality Properties by 2.2% during the 4th quarter. Quantinno Capital Management LP now owns 4,644 shares of the real estate investment trust's stock worth $485,000 after acquiring an additional 98 shares during the period. Cetera Investment Advisers lifted its holdings in shares of Ryman Hospitality Properties by 2.9% during the fourth quarter. Cetera Investment Advisers now owns 4,469 shares of the real estate investment trust's stock worth $466,000 after purchasing an additional 125 shares during the period. Oppenheimer Asset Management Inc. boosted its position in Ryman Hospitality Properties by 3.5% in the first quarter. Oppenheimer Asset Management Inc. now owns 3,828 shares of the real estate investment trust's stock valued at $350,000 after buying an additional 130 shares during the last quarter. Summit Global Investments increased its holdings in Ryman Hospitality Properties by 2.1% in the 4th quarter. Summit Global Investments now owns 7,597 shares of the real estate investment trust's stock worth $793,000 after buying an additional 153 shares during the period. Finally, Beacon Investment Advisors LLC raised its position in Ryman Hospitality Properties by 0.5% during the 4th quarter. Beacon Investment Advisors LLC now owns 30,466 shares of the real estate investment trust's stock worth $3,179,000 after buying an additional 155 shares during the last quarter. 94.48% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Alvin L. Bowles, Jr. sold 1,300 shares of the stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $99.01, for a total transaction of $128,713.00. Following the completion of the transaction, the director directly owned 2,576 shares of the company's stock, valued at $255,049.76. This represents a 33.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Colin V. Reed bought 8,356 shares of the firm's stock in a transaction on Monday, June 9th. The shares were bought at an average price of $96.92 per share, for a total transaction of $809,863.52. Following the completion of the transaction, the chairman directly owned 870,406 shares in the company, valued at approximately $84,359,749.52. This represents 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.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Wedbush set a $110.00 price objective on Ryman Hospitality Properties and gave the company an "outperform" rating in a report on Tuesday, May 6th. Jefferies Financial Group reduced their price target on Ryman Hospitality Properties from $118.00 to $100.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Truist Financial lowered their price objective 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. Wells Fargo & Company lifted their target price on shares of Ryman Hospitality Properties from $101.00 to $108.00 and gave the company an "overweight" rating in a report on Tuesday. Finally, Evercore ISI lowered their price target on shares of Ryman Hospitality Properties from $130.00 to $120.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $115.43.

Ryman Hospitality Properties Stock Down 0.1%

Shares of RHP stock traded down $0.07 during trading hours on Wednesday, reaching $101.58. 601,904 shares of the stock were exchanged, compared to its average volume of 671,755. The business's fifty day moving average is $98.87 and its two-hundred day moving average is $97.32. The firm has a market capitalization of $6.09 billion, a P/E ratio of 21.52, a P/E/G ratio of 2.80 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. The company has a debt-to-equity ratio of 5.92, a current ratio of 1.55 and a quick ratio of 1.55.

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 (EPS) for the quarter, topping the consensus estimate of $1.79 by $0.29. Ryman Hospitality Properties had a return on equity of 51.95% and a net margin of 12.16%. The business had revenue of $587.28 million during the quarter, compared to analysts' expectations of $546.52 million. During the same period in the prior year, the firm posted $1.60 EPS. The business's quarterly revenue was up 11.2% compared to the same quarter last year. As a group, research analysts expect that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a $1.15 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $4.60 annualized dividend and a dividend yield of 4.53%. Ryman Hospitality Properties's dividend payout ratio (DPR) is currently 97.46%.

About Ryman Hospitality Properties

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.