ProShare Advisors LLC Buys 5,435 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

ProShare Advisors LLC grew its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 49.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,519 shares of the real estate investment trust's stock after acquiring an additional 5,435 shares during the quarter. ProShare Advisors LLC's holdings in Ryman Hospitality Properties were worth $1,724,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC acquired a new stake in Ryman Hospitality Properties during the fourth quarter worth about $31,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Ryman Hospitality Properties in the fourth quarter worth about $72,000. Venturi Wealth Management LLC purchased a new position in Ryman Hospitality Properties in the fourth quarter valued at about $83,000. Covestor Ltd boosted its holdings in 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. Finally, Blue Trust Inc. boosted its holdings in Ryman Hospitality Properties by 23.4% in the fourth quarter. Blue Trust Inc. now owns 845 shares of the real estate investment trust's stock valued at $91,000 after purchasing an additional 160 shares during the last quarter. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Ryman Hospitality Properties

In related news, Director Alvin L. Bowles, Jr. sold 473 shares of Ryman Hospitality Properties stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $97.03, for a total transaction of $45,895.19. Following the completion of the sale, the director now owns 2,675 shares of the company's stock, valued at approximately $259,555.25. This trade represents a 15.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Colin V. Reed acquired 8,231 shares of Ryman Hospitality Properties stock in a transaction that occurred on Wednesday, February 26th. The shares were purchased at an average cost of $97.54 per share, with a total value of $802,851.74. Following the transaction, the chairman now owns 832,260 shares of the company's stock, valued at approximately $81,178,640.40. The trade was a 1.00% increase in their position. The disclosure for this purchase can be found here. 5.00% of the stock is currently owned by insiders.

Ryman Hospitality Properties Stock Performance

Shares of Ryman Hospitality Properties stock traded up $2.26 on Tuesday, reaching $96.63. 113,296 shares of the company were exchanged, compared to its average volume of 638,009. Ryman Hospitality Properties, Inc. has a 1-year low of $76.27 and a 1-year high of $121.77. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.73 and a current ratio of 1.73. The firm has a market cap of $5.80 billion, a price-to-earnings ratio of 22.00, a P/E/G ratio of 2.71 and a beta of 1.55. The company's 50-day moving average is $90.84 and its two-hundred day moving average is $100.62.

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 (EPS) for the quarter, beating the consensus estimate of $1.79 by $0.29. Ryman Hospitality Properties had a return on equity of 49.23% and a net margin of 11.61%. The company had revenue of $587.28 million for the quarter, compared to analysts' expectations of $546.52 million. During the same period last year, the firm earned $1.60 EPS. The firm's revenue for the quarter was up 11.2% on a year-over-year basis. As a group, research analysts expect that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given 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 4.76%. Ryman Hospitality Properties's dividend payout ratio (DPR) is presently 97.46%.

Wall Street Analyst Weigh In

RHP has been the subject of a number of analyst reports. Wells Fargo & Company reissued an "overweight" rating and issued a $101.00 price target (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 report on Saturday, March 1st. Wedbush set a $110.00 target price on Ryman Hospitality Properties and gave the stock an "outperform" rating in a report on Tuesday, May 6th. Evercore ISI reduced their target price on Ryman Hospitality Properties from $130.00 to $120.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Finally, Jefferies Financial Group reduced their target price 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 sell rating, one has issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Ryman Hospitality Properties currently has a consensus rating of "Moderate Buy" and an average target price of $113.00.

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.