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

Community Trust & Investment Co. acquired a new stake in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) during the 1st quarter, according to its most recent 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.

Other hedge funds have also modified their holdings of the company. Janney Montgomery Scott LLC raised its stake in Ryman Hospitality Properties by 13.7% during the first quarter. Janney Montgomery Scott LLC now owns 4,854 shares of the real estate investment trust's stock worth $444,000 after acquiring an additional 585 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Ryman Hospitality Properties by 7.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 5,963 shares of the real estate investment trust's stock worth $545,000 after purchasing an additional 405 shares during the last quarter. Fifth Third Bancorp increased its position in shares of Ryman Hospitality Properties by 175.6% during the 1st quarter. Fifth Third Bancorp now owns 576 shares of the real estate investment trust's stock worth $53,000 after purchasing an additional 367 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Ryman Hospitality Properties by 158.5% during the 1st quarter. SG Americas Securities LLC now owns 4,361 shares of the real estate investment trust's stock valued at $399,000 after purchasing an additional 2,674 shares during the last quarter. Finally, Yousif Capital Management LLC acquired a new position in Ryman Hospitality Properties in the first quarter valued at about $1,479,000. 94.48% of the stock is owned by institutional investors and hedge funds.

Ryman Hospitality Properties Price Performance

Ryman Hospitality Properties stock opened at $94.80 on Monday. The stock has a market cap of $5.69 billion, a price-to-earnings ratio of 21.59, a P/E/G ratio of 2.71 and a beta of 1.58. Ryman Hospitality Properties, Inc. has a 12-month low of $76.27 and a 12-month high of $121.77. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 6.07. The business's 50-day simple moving average is $92.68 and its 200 day simple moving average is $98.98.

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 (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 net margin of 11.61% and a return on equity of 49.23%. The company's revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.60 EPS. As a group, research analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current year.

Ryman Hospitality Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.85%. The ex-dividend date of this dividend is Monday, June 30th. Ryman Hospitality Properties's dividend payout ratio (DPR) is currently 97.46%.

Analysts Set New Price Targets

Several research firms have recently weighed in on RHP. Jefferies Financial Group dropped their price objective 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. Truist Financial cut their price objective on Ryman Hospitality Properties from $127.00 to $120.00 and set a "buy" rating for the company in a research report on Friday, May 30th. Wells Fargo & Company restated an "overweight" rating and set a $101.00 target price (up previously from $99.00) on shares of Ryman Hospitality Properties in a report on Thursday, May 22nd. Wall Street Zen raised Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a report on Saturday, March 1st. Finally, Wedbush set a $110.00 price target on shares of Ryman Hospitality Properties and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $112.00.

Insider Transactions at Ryman Hospitality Properties

In related news, Chairman Colin V. Reed purchased 8,356 shares of the stock in a transaction dated Monday, June 9th. The stock was bought at an average cost of $96.92 per share, with a total value of $809,863.52. Following the purchase, the chairman now directly owns 870,406 shares in the company, valued at $84,359,749.52. The trade was a 0.97% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director Alvin L. Bowles, Jr. sold 1,300 shares of Ryman Hospitality Properties stock in a transaction that occurred 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 directly owns 2,576 shares in the company, valued at $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 corporate insiders.

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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