Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Purchased by Rhumbline Advisers

Rhumbline Advisers increased its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 78.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 168,231 shares of the real estate investment trust's stock after buying an additional 74,032 shares during the quarter. Rhumbline Advisers owned about 0.28% of Ryman Hospitality Properties worth $15,383,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Quantinno Capital Management LP lifted its position in Ryman Hospitality Properties by 2.2% in the fourth quarter. Quantinno Capital Management LP now owns 4,644 shares of the real estate investment trust's stock worth $485,000 after buying an additional 98 shares during the last quarter. Cetera Investment Advisers lifted its position in Ryman Hospitality Properties by 2.9% in the fourth quarter. Cetera Investment Advisers now owns 4,469 shares of the real estate investment trust's stock worth $466,000 after buying an additional 125 shares during the last quarter. Arizona State Retirement System lifted its position in Ryman Hospitality Properties by 0.8% in the fourth quarter. Arizona State Retirement System now owns 16,515 shares of the real estate investment trust's stock worth $1,723,000 after buying an additional 132 shares during the last quarter. Summit Global Investments lifted its position in Ryman Hospitality Properties by 2.1% in the fourth quarter. Summit Global Investments now owns 7,597 shares of the real estate investment trust's stock worth $793,000 after buying an additional 153 shares during the last quarter. Finally, Beacon Investment Advisors LLC lifted its position in Ryman Hospitality Properties by 0.5% in the fourth quarter. Beacon Investment Advisors LLC now owns 30,466 shares of the real estate investment trust's stock worth $3,179,000 after buying an additional 155 shares during the last quarter. 94.48% of the stock is currently owned by institutional investors.

Ryman Hospitality Properties Trading Down 1.5%

RHP stock traded down $1.54 during midday trading on Wednesday, reaching $98.56. The company's stock had a trading volume of 629,291 shares, compared to its average volume of 656,048. The firm has a market capitalization of $5.91 billion, a price-to-earnings ratio of 22.45, a PEG 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 1 year low of $76.27 and a 1 year high of $121.77. The stock has a fifty day simple moving average of $92.02 and a two-hundred day simple moving average of $99.51.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last announced its quarterly 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 firm had revenue of $587.28 million for the quarter, compared to analyst estimates of $546.52 million. Ryman Hospitality Properties had a return on equity of 49.23% and a net margin of 11.61%. The business's revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.60 earnings per share. On average, equities research analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.

Ryman Hospitality Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid 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 dividend yield of 4.67%. Ryman Hospitality Properties's dividend payout ratio is currently 97.46%.

Wall Street Analyst Weigh In

RHP has been the subject of a number of analyst reports. Wells Fargo & Company restated an "overweight" rating and issued a $101.00 price target (up from $99.00) on shares of Ryman Hospitality Properties in a research report on Thursday, May 22nd. Jefferies Financial Group reduced 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. Truist Financial reduced their target price on 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 upgraded 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 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 given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $112.00.

Insider Activity

In related news, Chairman Colin V. Reed bought 8,356 shares of the business's stock in a transaction on 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 purchase, the chairman now directly 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 Securities & Exchange Commission, which can be accessed through the SEC website. 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 value of $128,713.00. Following the completion of the sale, the director now directly owns 2,576 shares of the company's stock, valued at approximately $255,049.76. This represents a 33.54% decrease in their position. The disclosure for this sale can be found here. Insiders own 5.00% of the company's stock.

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.