Envestnet Asset Management Inc. Grows Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Envestnet Asset Management Inc. lifted its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 12.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,847 shares of the real estate investment trust's stock after buying an additional 8,261 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.12% of Ryman Hospitality Properties worth $6,753,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC raised its stake in 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 valued at $545,000 after purchasing an additional 405 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in Ryman Hospitality Properties by 53.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 7,483 shares of the real estate investment trust's stock valued at $692,000 after purchasing an additional 2,615 shares during the last quarter. Teacher Retirement System of Texas raised its stake in Ryman Hospitality Properties by 44.3% in the 1st quarter. Teacher Retirement System of Texas now owns 16,692 shares of the real estate investment trust's stock valued at $1,526,000 after purchasing an additional 5,125 shares during the last quarter. Amalgamated Bank raised its stake in Ryman Hospitality Properties by 751.6% in the 1st quarter. Amalgamated Bank now owns 17,040 shares of the real estate investment trust's stock valued at $1,558,000 after purchasing an additional 15,039 shares during the last quarter. Finally, DigitalBridge Group Inc. acquired a new position in Ryman Hospitality Properties in the 4th quarter valued at $12,218,000. 94.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

RHP has been the subject of several analyst reports. Wedbush set a $110.00 target price on Ryman Hospitality Properties and gave the company an "outperform" rating in a report on Tuesday, May 6th. JPMorgan Chase & Co. started coverage on Ryman Hospitality Properties in a report on Monday, June 23rd. They issued an "overweight" rating and a $117.00 target price for the company. Evercore ISI lowered their price target on Ryman Hospitality Properties from $130.00 to $120.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Jefferies Financial Group lowered their price target on Ryman Hospitality Properties from $118.00 to $100.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Finally, Bank of America raised their target price on Ryman Hospitality Properties from $105.00 to $110.00 and gave the company a "buy" rating in a report on Monday. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $114.75.

Ryman Hospitality Properties Stock Up 0.9%

Shares of RHP stock traded up $0.91 during trading hours on Friday, reaching $99.67. 127,091 shares of the stock were exchanged, compared to its average volume of 822,124. The business's fifty day moving average is $99.13 and its two-hundred day moving average is $97.16. 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 12-month low of $76.27 and a 12-month high of $121.77. The firm has a market capitalization of $5.98 billion, a P/E ratio of 21.12, a P/E/G ratio of 2.29 and a beta of 1.57.

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 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 for the quarter, compared to analyst estimates of $546.52 million. During the same quarter last year, the company earned $1.60 EPS. The business's quarterly revenue was up 11.2% on a year-over-year basis. As a group, research analysts expect that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 4.62%. The ex-dividend date was Monday, June 30th. Ryman Hospitality Properties's dividend payout ratio (DPR) is presently 97.46%.

Insider Activity

In other Ryman Hospitality Properties news, Chairman Colin V. Reed bought 8,356 shares of the business's stock in a transaction dated Monday, June 9th. The shares were acquired at an average price of $96.92 per share, with a total value of $809,863.52. Following the transaction, the chairman owned 870,406 shares of the company's stock, valued at approximately $84,359,749.52. The trade was a 0.97% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 value 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 disclosure for this sale can be found here. 5.00% of the stock is currently owned by company insiders.

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.