Ryman Hospitality Properties, Inc. (NYSE:RHP) Position Raised by SG Americas Securities LLC

SG Americas Securities LLC lifted its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 158.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,361 shares of the real estate investment trust's stock after buying an additional 2,674 shares during the period. SG Americas Securities LLC's holdings in Ryman Hospitality Properties were worth $399,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of RHP. Heck Capital Advisors LLC acquired a new position in Ryman Hospitality Properties during the 4th quarter worth approximately $31,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Ryman Hospitality Properties during the fourth quarter valued at approximately $72,000. Covestor Ltd lifted its position in shares of Ryman Hospitality Properties by 33.3% during the fourth 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. FIL Ltd lifted its position in shares of Ryman Hospitality Properties by 44.5% during the fourth quarter. FIL Ltd now owns 929 shares of the real estate investment trust's stock worth $97,000 after purchasing an additional 286 shares in the last quarter. Finally, GF Fund Management CO. LTD. purchased a new position in shares of Ryman Hospitality Properties in the fourth quarter valued at $108,000. Institutional investors and hedge funds own 94.48% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on RHP shares. JPMorgan Chase & Co. began coverage on shares of Ryman Hospitality Properties in a research note on Monday, June 23rd. They set an "overweight" rating and a $117.00 price target on the stock. Evercore ISI dropped their target price 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. Truist Financial cut their price target 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. 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, Wall Street Zen upgraded Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a report on Saturday, March 1st. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Ryman Hospitality Properties has a consensus rating of "Moderate Buy" and an average price target of $114.43.

Insider Buying and Selling

In other Ryman Hospitality Properties news, Director Alvin L. Bowles, Jr. sold 1,300 shares of Ryman Hospitality Properties stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $99.01, for a total value of $128,713.00. Following the completion of the transaction, the director now directly owns 2,576 shares in the company, valued at $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 SEC, which is available at this link. Also, Chairman Colin V. Reed bought 8,356 shares of the stock in a transaction dated Monday, June 9th. The shares were bought at an average cost of $96.92 per share, with a total value of $809,863.52. Following the completion of the acquisition, the chairman now directly owns 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 disclosure for this purchase can be found here. 5.00% of the stock is currently owned by company insiders.

Ryman Hospitality Properties Stock Up 0.5%

Shares of Ryman Hospitality Properties stock traded up $0.47 during trading on Friday, reaching $100.58. The company had a trading volume of 628,894 shares, compared to its average volume of 661,884. The company has a debt-to-equity ratio of 5.92, a quick ratio of 1.55 and a current ratio of 1.55. Ryman Hospitality Properties, Inc. has a fifty-two week low of $76.27 and a fifty-two week high of $121.77. The firm's fifty day moving average is $95.55 and its 200-day moving average is $97.80. The company has a market cap of $6.03 billion, a price-to-earnings ratio of 21.31, a price-to-earnings-growth ratio of 2.74 and a beta of 1.58.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last announced its quarterly earnings data 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 51.95% and a net margin of 12.16%. The firm had revenue of $587.28 million for the quarter, compared to analysts' expectations of $546.52 million. During the same quarter in the prior year, the firm posted $1.60 earnings per share. Ryman Hospitality Properties's revenue for the quarter was up 11.2% compared to the same quarter last year. On average, analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.

Ryman Hospitality Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 4.57%. The ex-dividend date is Monday, June 30th. Ryman Hospitality Properties's dividend payout ratio (DPR) is presently 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.