GAMMA Investing LLC Purchases 47,804 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

GAMMA Investing LLC lifted its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 10,042.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 48,280 shares of the real estate investment trust's stock after purchasing an additional 47,804 shares during the period. GAMMA Investing LLC owned about 0.08% of Ryman Hospitality Properties worth $4,415,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Quantinno Capital Management LP increased its stake in shares of Ryman Hospitality Properties by 2.2% in the fourth quarter. Quantinno Capital Management LP now owns 4,644 shares of the real estate investment trust's stock valued at $485,000 after purchasing an additional 98 shares during the period. Cetera Investment Advisers grew its holdings in Ryman Hospitality Properties by 2.9% in the 4th quarter. Cetera Investment Advisers now owns 4,469 shares of the real estate investment trust's stock worth $466,000 after buying an additional 125 shares in the last quarter. Arizona State Retirement System increased its position in Ryman Hospitality Properties by 0.8% in the 4th quarter. Arizona State Retirement System now owns 16,515 shares of the real estate investment trust's stock valued at $1,723,000 after acquiring an additional 132 shares during the period. Summit Global Investments raised its stake in Ryman Hospitality Properties by 2.1% during the 4th quarter. Summit Global Investments now owns 7,597 shares of the real estate investment trust's stock valued at $793,000 after acquiring an additional 153 shares in the last quarter. Finally, Beacon Investment Advisors LLC raised its stake 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 valued at $3,179,000 after acquiring an additional 155 shares in the last quarter. Institutional investors own 94.48% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Wall Street Zen raised shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research note on Saturday, March 1st. Evercore ISI cut their target price on Ryman Hospitality Properties from $130.00 to $120.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Wells Fargo & Company reaffirmed an "overweight" rating and set a $101.00 price target (up from $99.00) on shares of Ryman Hospitality Properties in a research note on Thursday, May 22nd. Wedbush set a $110.00 price objective on Ryman Hospitality Properties and gave the stock an "outperform" rating in a research note on Tuesday, May 6th. Finally, Jefferies Financial Group cut their price objective 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. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $112.00.

Insider Buying and Selling at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Director Alvin L. Bowles, Jr. sold 1,300 shares of the company's 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 completion of the transaction, the director now owns 2,576 shares of the company's stock, valued at $255,049.76. This represents a 33.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Colin V. Reed bought 8,356 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The stock was acquired at an average cost of $96.92 per share, with a total value of $809,863.52. Following the transaction, the chairman now owns 870,406 shares of the company's stock, valued at $84,359,749.52. This represents a 0.97% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 5.00% of the company's stock.

Ryman Hospitality Properties Price Performance

NYSE RHP traded down $0.62 on Thursday, reaching $98.00. The company's stock had a trading volume of 521,603 shares, compared to its average volume of 656,624. Ryman Hospitality Properties, Inc. has a 52 week low of $76.27 and a 52 week high of $121.77. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 6.07. The firm has a market cap of $5.88 billion, a PE ratio of 22.32, a price-to-earnings-growth ratio of 2.71 and a beta of 1.58. The business has a 50-day moving average price of $92.36 and a 200 day moving average price of $99.37.

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 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 the consensus estimate of $546.52 million. Ryman Hospitality Properties had a net margin of 11.61% and a return on equity of 49.23%. The firm's revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.60 EPS. Sell-side analysts expect that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.

Ryman Hospitality Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors 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 dividend yield of 4.69%. The ex-dividend date is Monday, June 30th. Ryman Hospitality Properties's dividend payout ratio (DPR) is 97.46%.

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.