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

Massachusetts Financial Services Co. MA raised its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 4.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 892,018 shares of the real estate investment trust's stock after acquiring an additional 38,767 shares during the period. Massachusetts Financial Services Co. MA owned approximately 1.49% of Ryman Hospitality Properties worth $81,566,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC bought a new stake in Ryman Hospitality Properties during the 4th quarter valued at $31,000. Fifth Third Bancorp increased its position in shares of Ryman Hospitality Properties by 175.6% during the 1st 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 period. CWM LLC increased its position in shares of Ryman Hospitality Properties by 213.4% during the 1st 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 period. Harvest Fund Management Co. Ltd acquired a new position in shares of Ryman Hospitality Properties during the 4th quarter valued at $72,000. Finally, Covestor Ltd increased its position in shares of Ryman Hospitality Properties by 33.3% during the 4th 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 period. Institutional investors own 94.48% of the company's stock.

Wall Street Analyst Weigh In

RHP has been the topic of several research analyst reports. Truist Financial lowered their price target on Ryman Hospitality Properties from $127.00 to $120.00 and set a "buy" rating on the stock in a research report on Friday, May 30th. Evercore ISI lowered their price target on Ryman Hospitality Properties from $130.00 to $120.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. Wedbush set a $110.00 price target on Ryman Hospitality Properties and gave the company an "outperform" rating in a research report on Tuesday, May 6th. Wells Fargo & Company boosted their target price on Ryman Hospitality Properties from $101.00 to $108.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. Finally, Jefferies Financial Group lowered their price target on Ryman Hospitality Properties from $118.00 to $100.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. 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.com, Ryman Hospitality Properties presently has an average rating of "Moderate Buy" and an average target price of $115.43.

Insider Activity

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

Ryman Hospitality Properties Stock Down 1.1%

Shares of NYSE:RHP traded down $1.10 on Friday, reaching $99.92. The company had a trading volume of 697,737 shares, compared to its average volume of 673,938. Ryman Hospitality Properties, Inc. has a twelve month low of $76.27 and a twelve month high of $121.77. The stock has a 50-day moving average price of $99.15 and a 200 day moving average price of $97.24. The stock has a market capitalization of $6.00 billion, a P/E ratio of 21.17, a P/E/G ratio of 2.70 and a beta of 1.57. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 5.92.

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, topping the consensus estimate of $1.79 by $0.29. Ryman Hospitality Properties had a return on equity of 51.95% and a net margin of 12.16%. The business had revenue of $587.28 million during the quarter, compared to analysts' expectations of $546.52 million. During the same quarter in the previous year, the firm earned $1.60 EPS. The firm's revenue was up 11.2% compared to the same quarter last year. On average, equities analysts expect that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.

Ryman Hospitality Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a dividend of $1.15 per share. The ex-dividend date was Monday, June 30th. This represents a $4.60 annualized dividend and a yield of 4.60%. Ryman Hospitality Properties's dividend payout ratio is 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.