GAMMA Investing LLC Boosts Stock Holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP)

GAMMA Investing LLC raised its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 10,042.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm 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 approximately 0.08% of Ryman Hospitality Properties worth $4,415,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Principal Financial Group Inc. boosted its holdings in Ryman Hospitality Properties by 3.2% in the 4th quarter. Principal Financial Group Inc. now owns 3,254,693 shares of the real estate investment trust's stock valued at $339,596,000 after purchasing an additional 101,333 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Ryman Hospitality Properties by 10.7% during the 4th quarter. JPMorgan Chase & Co. now owns 1,439,719 shares of the real estate investment trust's stock worth $150,220,000 after acquiring an additional 138,771 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Ryman Hospitality Properties by 1.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 979,176 shares of the real estate investment trust's stock worth $102,167,000 after acquiring an additional 14,861 shares during the period. Nuveen Asset Management LLC boosted its position in shares of Ryman Hospitality Properties by 0.6% during the 4th quarter. Nuveen Asset Management LLC now owns 936,712 shares of the real estate investment trust's stock worth $97,737,000 after acquiring an additional 5,807 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in Ryman Hospitality Properties by 2.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 853,251 shares of the real estate investment trust's stock valued at $89,028,000 after acquiring an additional 24,439 shares during the last quarter. Institutional investors own 94.48% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on RHP. Jefferies Financial Group lowered 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 research report on Wednesday, April 9th. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $101.00 price objective (up from $99.00) on shares of Ryman Hospitality Properties in a research note on Thursday, May 22nd. Truist Financial reduced their price objective on shares of Ryman Hospitality Properties from $127.00 to $120.00 and set a "buy" rating on the stock in a research note on Friday, May 30th. 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. Finally, Wedbush set a $110.00 target price on shares of Ryman Hospitality Properties and gave the stock an "outperform" rating in a research note on Tuesday, May 6th. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $112.00.

Ryman Hospitality Properties Stock Down 3.4%

Shares of Ryman Hospitality Properties stock traded down $3.35 during trading hours on Friday, reaching $94.80. The company's stock had a trading volume of 561,931 shares, compared to its average volume of 658,098. The stock's fifty day simple moving average is $92.68 and its two-hundred day simple moving average is $99.10. The company has a market capitalization of $5.69 billion, a P/E ratio of 21.59, a P/E/G ratio of 2.71 and a beta of 1.58. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.73 and a current ratio of 1.73. Ryman Hospitality Properties, Inc. has a one year low of $76.27 and a one year high of $121.77.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last announced 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 during 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% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.60 earnings per share. On average, research analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current year.

Ryman Hospitality Properties Dividend Announcement

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

Insider Activity

In related news, Chairman Colin V. Reed acquired 8,356 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The stock was acquired at an average price of $96.92 per share, for a total transaction of $809,863.52. Following the completion of the acquisition, the chairman now owns 870,406 shares of the company's stock, valued at approximately $84,359,749.52. This represents a 0.97% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 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 transaction of $128,713.00. Following the sale, the director now owns 2,576 shares of the company's stock, 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 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.