Inscription Capital LLC Purchases New Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Inscription Capital LLC acquired a new stake in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 6,500 shares of the real estate investment trust's stock, valued at approximately $594,000.

Several other hedge funds also recently bought and sold shares of RHP. JPMorgan Chase & Co. boosted its holdings in Ryman Hospitality Properties by 10.7% in 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. Charles Schwab Investment Management Inc. boosted its stake in Ryman Hospitality Properties by 1.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 979,176 shares of the real estate investment trust's stock valued at $102,167,000 after buying an additional 14,861 shares during the period. Nuveen Asset Management LLC grew its position in Ryman Hospitality Properties by 0.6% during the fourth quarter. Nuveen Asset Management LLC now owns 936,712 shares of the real estate investment trust's stock worth $97,737,000 after buying an additional 5,807 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in Ryman Hospitality Properties by 2.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 853,251 shares of the real estate investment trust's stock worth $89,028,000 after buying an additional 24,439 shares in the last quarter. Finally, Deutsche Bank AG increased its stake in Ryman Hospitality Properties by 4.0% in the 4th quarter. Deutsche Bank AG now owns 852,624 shares of the real estate investment trust's stock worth $88,963,000 after acquiring an additional 32,518 shares during the last quarter. Hedge funds and other institutional investors own 94.48% of the company's stock.

Insider Activity

In other news, Chairman Colin V. Reed bought 8,356 shares of the business's stock in a transaction dated Monday, June 9th. The shares were purchased 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 trade represents a 0.97% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Alvin L. Bowles, Jr. sold 1,300 shares of Ryman Hospitality Properties stock in a transaction 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 directly owns 2,576 shares in the company, valued at approximately $255,049.76. The trade was a 33.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.00% of the company's stock.

Analyst Upgrades and Downgrades

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

Ryman Hospitality Properties Price Performance

NYSE RHP traded up $1.20 on Wednesday, reaching $98.35. 960,364 shares of the company's stock traded hands, compared to its average volume of 659,717. Ryman Hospitality Properties, Inc. has a 12 month low of $76.27 and a 12 month high of $121.77. The company has a debt-to-equity ratio of 5.92, a current ratio of 1.55 and a quick ratio of 1.55. The stock has a 50-day simple moving average of $93.26 and a 200 day simple moving average of $98.83. The stock has a market cap of $5.90 billion, a PE ratio of 20.84, a P/E/G ratio of 2.66 and a beta of 1.58.

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 net margin of 12.16% and a return on equity of 51.95%. The company had revenue of $587.28 million during the quarter, compared to analysts' expectations of $546.52 million. During the same quarter in the prior year, the company earned $1.60 EPS. The firm's revenue was up 11.2% on a year-over-year basis. As a group, research analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current year.

Ryman Hospitality Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a dividend of $1.15 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $4.60 annualized dividend and a yield of 4.68%. Ryman Hospitality Properties's payout ratio is 97.46%.

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.