Cooke & Bieler LP Boosts Holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Cooke & Bieler LP boosted its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 25.9% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 902,874 shares of the real estate investment trust's stock after acquiring an additional 185,880 shares during the period. Cooke & Bieler LP owned about 1.50% of Ryman Hospitality Properties worth $82,559,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC acquired a new position in Ryman Hospitality Properties during the fourth quarter worth $31,000. Fifth Third Bancorp raised its position 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 acquiring an additional 367 shares during the period. Harvest Fund Management Co. Ltd acquired a new position in Ryman Hospitality Properties during the fourth quarter worth $72,000. CWM LLC raised its position in Ryman Hospitality Properties by 213.4% during the first quarter. CWM LLC now owns 724 shares of the real estate investment trust's stock worth $66,000 after acquiring an additional 493 shares during the period. Finally, Covestor Ltd raised its position in Ryman Hospitality Properties by 33.3% during the fourth quarter. Covestor Ltd now owns 829 shares of the real estate investment trust's stock worth $87,000 after acquiring an additional 207 shares during the period. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Ryman Hospitality Properties Trading Down 1.1%

Shares of RHP traded down $1.10 during mid-day trading on Friday, reaching $99.92. The stock had a trading volume of 697,737 shares, compared to its average volume of 672,329. 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 firm has a market cap of $6.00 billion, a price-to-earnings ratio of 21.17, a P/E/G ratio of 2.74 and a beta of 1.57. The business's fifty day moving average is $99.10 and its 200 day moving average is $97.31. Ryman Hospitality Properties, Inc. has a 52-week low of $76.27 and a 52-week high of $121.77.

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 earnings per share for the quarter, topping the consensus estimate of $1.79 by $0.29. The company had revenue of $587.28 million during the quarter, compared to analyst estimates of $546.52 million. Ryman Hospitality Properties had a net margin of 12.16% and a return on equity of 51.95%. Ryman Hospitality Properties's revenue was up 11.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.60 earnings per share. On average, sell-side analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 4.60%. The ex-dividend date of this dividend was Monday, June 30th. Ryman Hospitality Properties's dividend payout ratio (DPR) is presently 97.46%.

Insider Activity

In other Ryman Hospitality Properties news, Chairman Colin V. Reed acquired 8,356 shares of the stock in a transaction dated Monday, June 9th. The stock was acquired at an average price of $96.92 per share, with a total value of $809,863.52. Following the completion of the purchase, the chairman owned 870,406 shares in the company, valued at $84,359,749.52. This trade represents a 0.97% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alvin L. Bowles, Jr. sold 1,300 shares of the firm's stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $99.01, for a total transaction of $128,713.00. Following the completion of the transaction, the director directly owned 2,576 shares of the company's stock, valued at approximately $255,049.76. The trade was a 33.54% decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.00% of the company's stock.

Wall Street Analyst Weigh In

RHP has been the subject of a number of research reports. JPMorgan Chase & Co. initiated coverage on shares of Ryman Hospitality Properties in a report on Monday, June 23rd. They set an "overweight" rating and a $117.00 target price for the company. Wells Fargo & Company upped their target price on shares of Ryman Hospitality Properties from $101.00 to $108.00 and gave the stock an "overweight" rating in a report on Tuesday. Evercore ISI dropped their target price on shares of Ryman Hospitality Properties from $130.00 to $120.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Truist Financial dropped their target price on shares of Ryman Hospitality Properties from $127.00 to $120.00 and set a "buy" rating for the company in a report on Friday, May 30th. Finally, Wedbush set a $110.00 price objective on shares of Ryman Hospitality Properties and gave the company an "outperform" rating in a report on Tuesday, May 6th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Ryman Hospitality Properties has an average rating of "Moderate Buy" and an average target price of $115.43.

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.