Deroy & Devereaux Private Investment Counsel Inc. Has $20.17 Million Stake in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Deroy & Devereaux Private Investment Counsel Inc. lifted its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 33.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 220,528 shares of the real estate investment trust's stock after acquiring an additional 54,788 shares during the quarter. Deroy & Devereaux Private Investment Counsel Inc. owned about 0.37% of Ryman Hospitality Properties worth $20,165,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in RHP. Principal Financial Group Inc. grew its stake in Ryman Hospitality Properties by 6.4% during the 1st quarter. Principal Financial Group Inc. now owns 3,462,112 shares of the real estate investment trust's stock valued at $316,576,000 after purchasing an additional 207,419 shares in the last quarter. Oregon Public Employees Retirement Fund bought a new stake in shares of Ryman Hospitality Properties in the first quarter worth $1,253,000. Teacher Retirement System of Texas boosted its stake in Ryman Hospitality Properties by 44.3% during the 1st quarter. Teacher Retirement System of Texas now owns 16,692 shares of the real estate investment trust's stock valued at $1,526,000 after acquiring an additional 5,125 shares during the last quarter. New York State Teachers Retirement System raised its stake in shares of Ryman Hospitality Properties by 367.4% in the 1st quarter. New York State Teachers Retirement System now owns 24,701 shares of the real estate investment trust's stock valued at $2,259,000 after purchasing an additional 19,416 shares in the last quarter. Finally, Amalgamated Bank raised its stake in Ryman Hospitality Properties by 751.6% during the first quarter. Amalgamated Bank now owns 17,040 shares of the real estate investment trust's stock valued at $1,558,000 after buying an additional 15,039 shares in the last quarter. 94.48% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Chairman Colin V. Reed acquired 8,356 shares of the business's stock in a transaction on 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 acquisition, the chairman owned 870,406 shares in the company, valued at approximately $84,359,749.52. This represents a 0.97% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Alvin L. Bowles, Jr. sold 1,300 shares of the company'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 sale, the director directly owned 2,576 shares of the company's stock, valued at $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 currently owned by corporate insiders.

Ryman Hospitality Properties Price Performance

Shares of Ryman Hospitality Properties stock traded down $0.18 during trading on Friday, hitting $103.14. The stock had a trading volume of 224,824 shares, compared to its average volume of 668,042. The business has a fifty day moving average of $97.15 and a two-hundred day moving average of $97.53. The firm has a market cap of $6.19 billion, a P/E ratio of 21.85, a PEG ratio of 2.78 and a beta of 1.57. Ryman Hospitality Properties, Inc. has a fifty-two week low of $76.27 and a fifty-two week 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.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $2.08 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $546.52 million. During the same quarter last year, the firm posted $1.60 EPS. The business's revenue for the quarter was up 11.2% on a year-over-year basis. On average, sell-side analysts expect that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a $1.15 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $4.60 annualized dividend and a dividend yield of 4.46%. Ryman Hospitality Properties's dividend payout ratio is currently 97.46%.

Analyst Ratings Changes

A number of equities analysts have commented on RHP shares. Evercore ISI decreased their target price on 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 research note on Monday, June 23rd. They set an "overweight" rating and a $117.00 target price on the stock. Jefferies Financial Group decreased their price target 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. Wedbush set a $110.00 price target on Ryman Hospitality Properties and gave the company an "outperform" rating in a report on Tuesday, May 6th. Finally, Truist Financial reduced their price objective 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. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $114.43.

About Ryman Hospitality Properties

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.