Cooke & Bieler LP Has $82.56 Million Stake 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% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 902,874 shares of the real estate investment trust's stock after buying an additional 185,880 shares during the period. Cooke & Bieler LP owned approximately 1.50% of Ryman Hospitality Properties worth $82,559,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of RHP. Heck Capital Advisors LLC acquired a new stake in shares of Ryman Hospitality Properties in the fourth quarter valued at approximately $31,000. Fifth Third Bancorp raised its holdings in shares of Ryman Hospitality Properties by 175.6% in the first quarter. Fifth Third Bancorp now owns 576 shares of the real estate investment trust's stock valued at $53,000 after purchasing an additional 367 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in shares of Ryman Hospitality Properties in the fourth quarter valued at approximately $72,000. CWM LLC raised its holdings in shares of Ryman Hospitality Properties by 213.4% in the first quarter. CWM LLC now owns 724 shares of the real estate investment trust's stock valued at $66,000 after purchasing an additional 493 shares during the last quarter. Finally, Covestor Ltd raised its holdings in shares of Ryman Hospitality Properties by 33.3% in the fourth quarter. Covestor Ltd now owns 829 shares of the real estate investment trust's stock valued at $87,000 after purchasing an additional 207 shares during the last quarter. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on RHP shares. 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. JPMorgan Chase & Co. started coverage on shares of Ryman Hospitality Properties in a research note on Monday, June 23rd. They issued an "overweight" rating and a $117.00 target price for the company. Truist Financial decreased 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 research note on Friday, May 30th. Jefferies Financial Group decreased their target price on shares of 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 raised their target price on shares of Ryman Hospitality Properties from $101.00 to $108.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $115.43.

Insider Transactions at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Chairman Colin V. Reed bought 8,356 shares of Ryman Hospitality Properties stock in a transaction dated Monday, June 9th. The stock was bought at an average price of $96.92 per share, with a total value of $809,863.52. Following the completion of the transaction, the chairman owned 870,406 shares in the company, valued at $84,359,749.52. The trade was a 0.97% increase in their position. The transaction was disclosed in a 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 transaction of $128,713.00. Following the completion of the sale, 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. Insiders own 5.00% of the company's stock.

Ryman Hospitality Properties Stock Performance

RHP stock traded down $1.10 during midday trading on Friday, reaching $99.92. 697,737 shares of the company were exchanged, compared to its average volume of 673,938. 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 business has a 50-day moving average price of $99.15 and a two-hundred day moving average price of $97.20. Ryman Hospitality Properties, Inc. has a one year low of $76.27 and a one year high of $121.77. The firm has a market capitalization of $6.00 billion, a price-to-earnings ratio of 21.17, a price-to-earnings-growth ratio of 2.70 and a beta of 1.57.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $2.08 EPS for the quarter, topping 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 firm had revenue of $587.28 million during the quarter, compared to analysts' expectations of $546.52 million. During the same period in the previous year, the business posted $1.60 earnings per share. The company's revenue for the quarter was up 11.2% compared to the same quarter last year. Equities research analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.

Ryman Hospitality Properties Announces Dividend

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