Inscription Capital LLC Invests $594,000 in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Inscription Capital LLC bought a new position in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm bought 6,500 shares of the real estate investment trust's stock, valued at approximately $594,000.

A number of other large investors also recently modified their holdings of the company. Van ECK Associates Corp lifted its stake in Ryman Hospitality Properties by 10.2% during the 4th quarter. Van ECK Associates Corp now owns 11,109 shares of the real estate investment trust's stock valued at $1,159,000 after acquiring an additional 1,029 shares in the last quarter. Asset Management One Co. Ltd. lifted its stake in Ryman Hospitality Properties by 1.7% during the 4th quarter. Asset Management One Co. Ltd. now owns 87,048 shares of the real estate investment trust's stock valued at $9,236,000 after acquiring an additional 1,490 shares in the last quarter. Rhumbline Advisers lifted its stake in Ryman Hospitality Properties by 3.7% during the 4th quarter. Rhumbline Advisers now owns 94,199 shares of the real estate investment trust's stock valued at $9,829,000 after acquiring an additional 3,400 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its stake in Ryman Hospitality Properties by 7.8% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 64,274 shares of the real estate investment trust's stock valued at $6,706,000 after acquiring an additional 4,637 shares in the last quarter. Finally, Venturi Wealth Management LLC bought a new position in Ryman Hospitality Properties during the 4th quarter valued at $83,000. 94.48% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Alvin L. Bowles, Jr. sold 1,300 shares of the company'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 directly owns 2,576 shares in the company, valued at $255,049.76. This represents a 33.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Colin V. Reed purchased 8,356 shares of the firm's stock in a transaction dated Monday, June 9th. The shares were bought at an average price of $96.92 per share, for a total transaction of $809,863.52. Following the completion of the transaction, the chairman now owns 870,406 shares of the company's stock, valued at approximately $84,359,749.52. This trade represents a 0.97% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 5.00% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on RHP. Evercore ISI dropped their price objective on Ryman Hospitality Properties from $130.00 to $120.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Wells Fargo & Company reiterated an "overweight" rating and set a $101.00 target price (up from $99.00) on shares of Ryman Hospitality Properties in a research note on Thursday, May 22nd. Jefferies Financial Group lowered their target price on Ryman Hospitality Properties from $118.00 to $100.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Wedbush set a $110.00 target price on Ryman Hospitality Properties and gave the stock an "outperform" rating in a research note on Tuesday, May 6th. Finally, Wall Street Zen upgraded Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research note on Saturday, March 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $112.00.

Ryman Hospitality Properties Stock Performance

Ryman Hospitality Properties stock traded up $0.40 during midday trading on Friday, reaching $98.74. The stock had a trading volume of 815,493 shares, compared to its average volume of 662,567. Ryman Hospitality Properties, Inc. has a 12 month low of $76.27 and a 12 month high of $121.77. The firm's 50-day moving average price is $94.05 and its 200 day moving average price is $98.41. The firm has a market capitalization of $5.92 billion, a PE ratio of 20.92, a P/E/G ratio of 2.69 and a beta of 1.58. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 5.92.

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, beating analysts' consensus estimates 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 analysts' expectations of $546.52 million. During the same period in the previous year, the business posted $1.60 EPS. The firm's quarterly revenue was up 11.2% compared to the same quarter last year. As a group, research analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 4.66%. The ex-dividend date is Monday, June 30th. Ryman Hospitality Properties's dividend payout ratio is presently 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.