SG Americas Securities LLC Buys 2,674 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

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

Other institutional investors have also made changes to their positions in the company. Heck Capital Advisors LLC acquired a new stake in shares of Ryman Hospitality Properties during the 4th quarter valued at about $31,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Ryman Hospitality Properties during the fourth quarter worth 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 raised its stake 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 buying an additional 286 shares during the last quarter. Finally, GF Fund Management CO. LTD. bought a new stake in shares of Ryman Hospitality Properties during the fourth quarter worth approximately $108,000. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Ryman Hospitality Properties

In other Ryman Hospitality Properties 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 completion of the transaction, the director now owns 2,576 shares in the company, valued at approximately $255,049.76. The trade was a 33.54% decrease in their position. 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 bought 8,356 shares of the stock in a transaction dated Monday, June 9th. The shares were acquired at an average price of $96.92 per share, for a total transaction of $809,863.52. Following the completion of the purchase, the chairman now directly owns 870,406 shares in the company, valued at approximately $84,359,749.52. This trade represents a 0.97% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 5.00% of the company's stock.

Ryman Hospitality Properties Trading Down 0.5%

Shares of RHP stock opened at $100.39 on Wednesday. The stock's fifty day moving average price is $94.67 and its two-hundred day moving average price is $98.17. The company has a market cap of $6.02 billion, a PE ratio of 21.27, a P/E/G ratio of 2.75 and a beta of 1.58. Ryman Hospitality Properties, Inc. has a fifty-two week low of $76.27 and a fifty-two week high of $121.77. 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 (NYSE:RHP - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $2.08 EPS for the quarter, beating analysts' consensus estimates 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 company had revenue of $587.28 million during the quarter, compared to analysts' expectations of $546.52 million. During the same period in the prior year, the company earned $1.60 EPS. Ryman Hospitality Properties's revenue was up 11.2% compared to the same quarter last year. Equities analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

The firm also recently disclosed 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. This represents a $4.60 annualized dividend and a dividend yield of 4.58%. The ex-dividend date is Monday, June 30th. Ryman Hospitality Properties's dividend payout ratio (DPR) is presently 97.46%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on RHP shares. Wedbush set a $110.00 target price on shares of Ryman Hospitality Properties and gave the company an "outperform" rating in a research note on Tuesday, May 6th. Evercore ISI decreased their price objective on Ryman Hospitality Properties from $130.00 to $120.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Truist Financial reduced their price target on Ryman Hospitality Properties from $127.00 to $120.00 and set a "buy" rating for the company in a report 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 for the company in a report on Wednesday, April 9th. Finally, Wall Street Zen upgraded Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a report on Saturday, March 1st. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $114.43.

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.

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