New Age Alpha Advisors LLC Grows Stake in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Key Points

• New Age Alpha Advisors LLC significantly increased its holdings in Ryman Hospitality Properties by acquiring an additional 33,978 shares, resulting in a total ownership of 45,255 shares valued at approximately $4.14 million.
• Insider trading activity includes Director Alvin L. Bowles, Jr. selling 1,300 shares, representing a 33.54% decrease in his ownership, while Chairman Colin V. Reed purchased 8,356 shares, increasing his holdings by 0.97%.
• Research analysts have a generally positive outlook on Ryman Hospitality, with most recommending a "buy" rating and an average price target of $114.75, reflecting confidence in the company's financial performance and growth potential.

New Age Alpha Advisors LLC raised its position in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 301.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,255 shares of the real estate investment trust's stock after purchasing an additional 33,978 shares during the period. New Age Alpha Advisors LLC owned 0.08% of Ryman Hospitality Properties worth $4,138,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Heck Capital Advisors LLC bought a new stake in shares of Ryman Hospitality Properties during the 4th quarter worth $31,000. Fifth Third Bancorp lifted its stake in Ryman Hospitality Properties by 175.6% during the first quarter. Fifth Third Bancorp now owns 576 shares of the real estate investment trust's stock worth $53,000 after purchasing an additional 367 shares during the last quarter. CWM LLC boosted its holdings in shares of Ryman Hospitality Properties by 213.4% in the 1st quarter. CWM LLC now owns 724 shares of the real estate investment trust's stock worth $66,000 after purchasing an additional 493 shares in the last quarter. Covestor Ltd boosted its stake in Ryman Hospitality Properties by 33.3% in the fourth quarter. Covestor Ltd now owns 829 shares of the real estate investment trust's stock worth $87,000 after buying an additional 207 shares in the last quarter. Finally, FIL Ltd grew its position in Ryman Hospitality Properties by 44.5% during the fourth quarter. FIL Ltd now owns 929 shares of the real estate investment trust's stock valued at $97,000 after acquiring an additional 286 shares during the last quarter. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RHP has been the subject of several recent research reports. Evercore ISI lowered 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. JPMorgan Chase & Co. began coverage on Ryman Hospitality Properties in a report on Monday, June 23rd. They issued an "overweight" rating and a $117.00 price objective on the stock. Wedbush set a $110.00 price objective on Ryman Hospitality Properties and gave the company an "outperform" rating in a research report on Tuesday, May 6th. Jefferies Financial Group dropped their price objective on Ryman Hospitality Properties from $118.00 to $100.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Finally, Wells Fargo & Company lifted their target price on shares of Ryman Hospitality Properties from $101.00 to $108.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Ryman Hospitality Properties has a consensus rating of "Moderate Buy" and a consensus price target of $114.75.

Insider Buying and Selling

In other news, Chairman Colin V. Reed purchased 8,356 shares of the company's stock in a transaction dated Monday, June 9th. The shares were purchased at an average cost of $96.92 per share, for a total transaction of $809,863.52. Following the purchase, the chairman directly owned 870,406 shares in the company, 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 SEC, which is accessible through the SEC website. Also, Director Alvin L. Bowles, Jr. sold 1,300 shares of the business'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 sale, the director owned 2,576 shares of the company's stock, valued at approximately $255,049.76. This represents a 33.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.00% of the stock is owned by corporate insiders.

Ryman Hospitality Properties Stock Up 0.9%

Shares of NYSE:RHP traded up $0.86 during trading on Wednesday, hitting $94.60. The stock had a trading volume of 1,174,484 shares, compared to its average volume of 609,003. The company has a market capitalization of $5.68 billion, a PE ratio of 22.58, a PEG ratio of 2.16 and a beta of 1.62. The company has a quick ratio of 1.55, a current ratio of 1.63 and a debt-to-equity ratio of 4.72. The firm's fifty day moving average is $99.03 and its 200 day moving average is $96.74. Ryman Hospitality Properties, Inc. has a 12 month low of $76.27 and a 12 month high of $121.77.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last released its earnings results on Monday, August 4th. The real estate investment trust reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.31 by $0.04. Ryman Hospitality Properties had a net margin of 10.74% and a return on equity of 41.65%. The firm had revenue of $659.52 million during the quarter, compared to analyst estimates of $616.56 million. During the same period last year, the business earned $2.78 earnings per share. The business's revenue was up 7.5% on a year-over-year basis. Analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a dividend of $1.15 per share. The ex-dividend date was Monday, June 30th. This represents a $4.60 dividend on an annualized basis and a yield of 4.9%. Ryman Hospitality Properties's dividend 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.