Massachusetts Financial Services Co. MA Purchases 38,767 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Massachusetts Financial Services Co. MA increased its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 4.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 892,018 shares of the real estate investment trust's stock after purchasing an additional 38,767 shares during the period. Massachusetts Financial Services Co. MA owned 1.49% of Ryman Hospitality Properties worth $81,566,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC purchased a new position in Ryman Hospitality Properties in the 4th quarter worth approximately $31,000. Fifth Third Bancorp lifted its holdings in Ryman Hospitality Properties by 175.6% in the 1st 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 in the last quarter. CWM LLC lifted its holdings in 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. Harvest Fund Management Co. Ltd purchased a new position in Ryman Hospitality Properties in the 4th quarter worth approximately $72,000. Finally, Covestor Ltd lifted its holdings in Ryman Hospitality Properties by 33.3% in the 4th quarter. Covestor Ltd now owns 829 shares of the real estate investment trust's stock worth $87,000 after purchasing an additional 207 shares in the last quarter. 94.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on RHP shares. Wells Fargo & Company boosted their price target on Ryman Hospitality Properties from $101.00 to $108.00 and gave the stock an "overweight" rating in a report on Tuesday. Truist Financial reduced their price objective 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. Jefferies Financial Group reduced their price objective 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. Evercore ISI reduced their price objective on Ryman Hospitality Properties from $130.00 to $120.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Finally, JPMorgan Chase & Co. initiated coverage on Ryman Hospitality Properties in a research note on Monday, June 23rd. They issued an "overweight" rating and a $117.00 price objective on the stock. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $115.43.

Ryman Hospitality Properties Trading Down 1.1%

Shares of NYSE RHP traded down $1.10 during trading hours on Friday, hitting $99.92. 697,737 shares of the company traded hands, compared to its average volume of 672,329. The stock has a market capitalization of $6.00 billion, a price-to-earnings ratio of 21.17, a price-to-earnings-growth ratio of 2.74 and a beta of 1.57. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 5.92. The company's 50 day moving average price is $99.10 and its 200 day moving average price is $97.31. 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 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. The firm had revenue of $587.28 million for the quarter, compared to the consensus estimate of $546.52 million. Ryman Hospitality Properties had a return on equity of 51.95% and a net margin of 12.16%. The company's revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.60 EPS. On average, equities research analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share 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. Stockholders of record on Monday, June 30th were given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 4.60%. The ex-dividend date of this dividend was Monday, June 30th. Ryman Hospitality Properties's dividend payout ratio is currently 97.46%.

Insider Activity at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Chairman Colin V. Reed acquired 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, with a total value of $809,863.52. Following the transaction, the chairman directly owned 870,406 shares of the company's stock, valued at $84,359,749.52. The trade was a 0.97% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director Alvin L. Bowles, Jr. sold 1,300 shares of the company's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $99.01, for a total value of $128,713.00. Following the completion of the transaction, the director directly owned 2,576 shares in the company, valued at $255,049.76. This trade 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.