Community Trust & Investment Co. Buys Shares of 27,200 Ryman Hospitality Properties, Inc. (NYSE:RHP)

Community Trust & Investment Co. acquired a new position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 27,200 shares of the real estate investment trust's stock, valued at approximately $2,487,000.

A number of other hedge funds have also recently made changes to their positions in RHP. Cooke & Bieler LP purchased a new stake in shares of Ryman Hospitality Properties during the 4th quarter worth $74,811,000. Janus Henderson Group PLC lifted its stake in shares of Ryman Hospitality Properties by 946.6% during the 4th quarter. Janus Henderson Group PLC now owns 502,983 shares of the real estate investment trust's stock worth $52,455,000 after purchasing an additional 454,922 shares during the last quarter. Norges Bank purchased a new stake in Ryman Hospitality Properties in the fourth quarter valued at about $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 valued at $36,403,000 after buying an additional 269,623 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in Ryman Hospitality Properties by 87.3% in the fourth quarter. Victory Capital Management Inc. now owns 547,639 shares of the real estate investment trust's stock valued at $57,141,000 after buying an additional 255,229 shares during the last quarter. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Ryman Hospitality Properties news, Director Alvin L. Bowles, Jr. sold 1,300 shares of the business's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $99.01, for a total transaction of $128,713.00. Following the transaction, the director now owns 2,576 shares of the company's stock, valued at approximately $255,049.76. The trade was a 33.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Colin V. Reed acquired 8,356 shares of the stock in a transaction on Monday, June 9th. The shares were bought at an average cost of $96.92 per share, for a total transaction of $809,863.52. Following the purchase, the chairman now directly owns 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. 5.00% of the stock is currently owned by corporate insiders.

Ryman Hospitality Properties Stock Performance

Shares of NYSE:RHP traded up $1.20 during trading on Thursday, hitting $98.35. The stock had a trading volume of 960,364 shares, compared to its average volume of 660,712. Ryman Hospitality Properties, Inc. has a 12-month low of $76.27 and a 12-month high of $121.77. The stock has a market capitalization of $5.90 billion, a price-to-earnings ratio of 20.84, a price-to-earnings-growth ratio of 2.64 and a beta of 1.58. 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 50-day simple moving average of $93.48 and a two-hundred day simple moving average of $98.82.

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

Ryman Hospitality Properties Dividend Announcement

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. This represents a $4.60 dividend on an annualized basis and a yield of 4.68%. The ex-dividend date is Monday, June 30th. Ryman Hospitality Properties's dividend payout ratio (DPR) is currently 97.46%.

Analyst Ratings Changes

A number of research firms have commented on RHP. Jefferies Financial Group decreased their price target on 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. Wedbush set a $110.00 price target on Ryman Hospitality Properties and gave the company an "outperform" rating in a research note on Tuesday, May 6th. Evercore ISI decreased their price target on Ryman Hospitality Properties from $130.00 to $120.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. Wells Fargo & Company reiterated an "overweight" rating and issued a $101.00 price target (up from $99.00) on shares of Ryman Hospitality Properties in a research note on Thursday, May 22nd. Finally, Truist Financial decreased their price target on 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. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $112.00.

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.