Emerald Advisers LLC Has $15.81 Million Stock Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Emerald Advisers LLC cut its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 1.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 172,878 shares of the real estate investment trust's stock after selling 3,005 shares during the quarter. Emerald Advisers LLC owned 0.29% of Ryman Hospitality Properties worth $15,808,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Heck Capital Advisors LLC acquired a new position in Ryman Hospitality Properties in the fourth quarter valued at $31,000. Fifth Third Bancorp boosted its holdings in Ryman Hospitality Properties by 175.6% in the first quarter. Fifth Third Bancorp now owns 576 shares of the real estate investment trust's stock valued at $53,000 after purchasing an additional 367 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in Ryman Hospitality Properties in the fourth quarter valued at about $72,000. Covestor Ltd boosted its holdings in Ryman Hospitality Properties by 33.3% in the fourth quarter. Covestor Ltd now owns 829 shares of the real estate investment trust's stock valued at $87,000 after purchasing an additional 207 shares during the last quarter. Finally, FIL Ltd raised its stake in Ryman Hospitality Properties by 44.5% during the fourth quarter. FIL Ltd now owns 929 shares of the real estate investment trust's stock valued at $97,000 after buying an additional 286 shares in the last quarter. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Chairman Colin V. Reed bought 8,356 shares of the business's 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 completion of the acquisition, 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 ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Alvin L. Bowles, Jr. sold 1,300 shares of Ryman Hospitality Properties stock in a transaction dated Tuesday, June 10th. The stock was 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 in the company, valued at $255,049.76. The trade was a 33.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on RHP. Wedbush set a $110.00 price objective on Ryman Hospitality Properties and gave the company an "outperform" rating in a research note on Tuesday, May 6th. JPMorgan Chase & Co. initiated coverage on Ryman Hospitality Properties in a research report on Monday, June 23rd. They issued an "overweight" rating and a $117.00 target price on the stock. 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. 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. Finally, Wells Fargo & Company raised their price objective on Ryman Hospitality Properties from $101.00 to $108.00 and gave the stock an "overweight" rating in a research note on Tuesday. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Ryman Hospitality Properties presently has a consensus rating of "Moderate Buy" and an average target price of $115.43.

Ryman Hospitality Properties Stock Down 0.1%

Ryman Hospitality Properties stock traded down $0.07 during mid-day trading on Wednesday, hitting $101.58. The company's stock had a trading volume of 601,954 shares, compared to its average volume of 672,371. The firm's 50 day moving average is $99.01 and its 200 day moving average is $97.35. The company has a market cap of $6.09 billion, a PE ratio of 21.52, a price-to-earnings-growth ratio of 2.74 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. Ryman Hospitality Properties, Inc. has a 52-week low of $76.27 and a 52-week high of $121.77.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last announced 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 analyst estimates of $546.52 million. During the same period last year, the company earned $1.60 earnings per share. Ryman Hospitality Properties's quarterly revenue was up 11.2% compared to the same quarter last year. On average, 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 announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a dividend of $1.15 per share. The ex-dividend date was Monday, June 30th. This represents a $4.60 annualized dividend and a 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.