Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Acquired by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. grew its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 17.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,102 shares of the real estate investment trust's stock after purchasing an additional 8,958 shares during the period. Harbor Capital Advisors Inc. owned approximately 0.10% of Ryman Hospitality Properties worth $5,404,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Principal Financial Group Inc. raised its position in Ryman Hospitality Properties by 3.2% during the fourth quarter. Principal Financial Group Inc. now owns 3,254,693 shares of the real estate investment trust's stock valued at $339,596,000 after purchasing an additional 101,333 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Ryman Hospitality Properties by 10.7% in the fourth quarter. JPMorgan Chase & Co. now owns 1,439,719 shares of the real estate investment trust's stock worth $150,220,000 after purchasing an additional 138,771 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Ryman Hospitality Properties by 1.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 979,176 shares of the real estate investment trust's stock valued at $102,167,000 after purchasing an additional 14,861 shares during the last quarter. Nuveen Asset Management LLC boosted its stake in Ryman Hospitality Properties by 0.6% in the 4th quarter. Nuveen Asset Management LLC now owns 936,712 shares of the real estate investment trust's stock worth $97,737,000 after purchasing an additional 5,807 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of Ryman Hospitality Properties by 2.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 853,251 shares of the real estate investment trust's stock worth $89,028,000 after purchasing an additional 24,439 shares in the last quarter. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Ryman Hospitality Properties

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

Wall Street Analyst Weigh In

A number of research firms recently issued reports on RHP. Wells Fargo & Company reissued an "overweight" rating and issued a $101.00 price objective (up previously from $99.00) on shares of Ryman Hospitality Properties in a report on Thursday, May 22nd. Wall Street Zen raised Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research report on Saturday, March 1st. Evercore ISI lowered their price objective on shares of 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. Truist Financial lowered their price target on shares of Ryman Hospitality Properties from $127.00 to $120.00 and set a "buy" rating on the stock in a report on Friday, May 30th. Finally, Wedbush set a $110.00 price target on shares of Ryman Hospitality Properties and gave the stock an "outperform" rating in a report on Tuesday, May 6th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $112.00.

Ryman Hospitality Properties Trading Down 3.4%

NYSE RHP traded down $3.35 during trading on Friday, hitting $94.80. The stock had a trading volume of 561,931 shares, compared to its average volume of 658,098. The firm has a 50 day moving average price of $92.68 and a 200 day moving average price of $99.10. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 6.07. Ryman Hospitality Properties, Inc. has a twelve month low of $76.27 and a twelve month high of $121.77. The company has a market capitalization of $5.69 billion, a PE ratio of 21.59, a PEG ratio of 2.71 and a beta of 1.58.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $2.08 earnings per share for the quarter, topping analysts' consensus estimates of $1.79 by $0.29. The firm had revenue of $587.28 million during the quarter, compared to analysts' expectations of $546.52 million. Ryman Hospitality Properties had a net margin of 11.61% and a return on equity of 49.23%. Ryman Hospitality Properties's quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.60 EPS. As a group, equities research analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current year.

Ryman Hospitality Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $1.15 per share. The ex-dividend date is Monday, June 30th. This represents a $4.60 dividend on an annualized basis and a yield of 4.85%. Ryman Hospitality Properties's dividend payout ratio (DPR) is currently 97.46%.

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.