Hunter Associates Investment Management LLC Makes New Investment in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Hunter Associates Investment Management LLC bought a new position in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 9,911 shares of the real estate investment trust's stock, valued at approximately $907,000.

Other hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. increased its position in Ryman Hospitality Properties by 6.4% during the 1st quarter. Principal Financial Group Inc. now owns 3,462,112 shares of the real estate investment trust's stock valued at $316,576,000 after purchasing an additional 207,419 shares during the period. JPMorgan Chase & Co. increased its position in 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 valued at $150,220,000 after purchasing an additional 138,771 shares during the period. Nuveen Asset Management LLC increased its position in 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 valued at $97,737,000 after purchasing an additional 5,807 shares during the period. Massachusetts Financial Services Co. MA increased its position in Ryman Hospitality Properties by 2.9% during the 4th 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 purchasing an additional 24,439 shares during the period. Finally, Deutsche Bank AG increased its position in Ryman Hospitality Properties by 4.0% during the 4th quarter. Deutsche Bank AG now owns 852,624 shares of the real estate investment trust's stock valued at $88,963,000 after purchasing an additional 32,518 shares during the period. 94.48% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Ryman Hospitality Properties

In related news, Director Alvin L. Bowles, Jr. sold 1,300 shares of the company's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $99.01, for a total value of $128,713.00. Following 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Colin V. Reed bought 8,356 shares of the firm's stock in a transaction 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 owned 870,406 shares in the company, valued at $84,359,749.52. The trade was a 0.97% increase in their position. The disclosure for this purchase can be found here. Insiders own 5.00% of the company's stock.

Ryman Hospitality Properties Stock Down 1.1%

Shares of RHP stock traded down $1.10 during mid-day trading on Friday, reaching $103.35. 357,998 shares of the company's stock traded hands, compared to its average volume of 671,533. Ryman Hospitality Properties, Inc. has a 12 month low of $76.27 and a 12 month high of $121.77. The company has a market cap of $6.20 billion, a P/E ratio of 21.90, a P/E/G ratio of 2.78 and a beta of 1.57. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 5.92. The company's 50-day moving average price is $98.54 and its 200-day moving average price is $97.37.

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 analysts' consensus estimates of $1.79 by $0.29. The firm had revenue of $587.28 million for the quarter, compared to analysts' expectations of $546.52 million. Ryman Hospitality Properties had a net margin of 12.16% and a return on equity of 51.95%. The company's quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.60 EPS. On average, equities analysts expect that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

The company 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 $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 4.45%. The ex-dividend date of this dividend is Monday, June 30th. Ryman Hospitality Properties's payout ratio is 97.46%.

Analysts Set New Price Targets

A number of research analysts have issued reports on RHP shares. Evercore ISI reduced their price objective on shares of Ryman Hospitality Properties from $130.00 to $120.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. Wells Fargo & Company reissued an "overweight" rating and set a $101.00 price objective (up from $99.00) on shares of Ryman Hospitality Properties in a research report on Thursday, May 22nd. JPMorgan Chase & Co. initiated coverage on shares of Ryman Hospitality Properties in a research report on Monday, June 23rd. They set an "overweight" rating and a $117.00 price objective on the stock. Wedbush set a $110.00 target price on shares of Ryman Hospitality Properties and gave the company an "outperform" rating in a report on Tuesday, May 6th. Finally, Truist Financial dropped their target price on shares of Ryman Hospitality Properties from $127.00 to $120.00 and set a "buy" rating on the stock in a report on Friday, May 30th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $114.43.

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.