Sophron Capital Management L.P. Buys Shares of 77,281 Ryman Hospitality Properties, Inc. (NYSE:RHP)

Sophron Capital Management L.P. acquired a new position in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 77,281 shares of the real estate investment trust's stock, valued at approximately $8,064,000. Ryman Hospitality Properties accounts for 3.2% of Sophron Capital Management L.P.'s investment portfolio, making the stock its 14th largest position. Sophron Capital Management L.P. owned about 0.13% of Ryman Hospitality Properties at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Squarepoint Ops LLC lifted its stake in shares of Ryman Hospitality Properties by 13.9% in the 4th quarter. Squarepoint Ops LLC now owns 10,593 shares of the real estate investment trust's stock worth $1,105,000 after purchasing an additional 1,296 shares during the period. Tidal Investments LLC lifted its stake in shares of Ryman Hospitality Properties by 27.1% in the 4th quarter. Tidal Investments LLC now owns 9,233 shares of the real estate investment trust's stock worth $963,000 after purchasing an additional 1,969 shares during the period. State of Wyoming lifted its stake in shares of Ryman Hospitality Properties by 23.8% in the 4th quarter. State of Wyoming now owns 1,561 shares of the real estate investment trust's stock worth $163,000 after purchasing an additional 300 shares during the period. ProShare Advisors LLC lifted its stake in shares of Ryman Hospitality Properties by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 16,519 shares of the real estate investment trust's stock worth $1,724,000 after purchasing an additional 5,435 shares during the period. Finally, Quantinno Capital Management LP lifted its stake in shares of Ryman Hospitality Properties by 2.2% in the 4th quarter. Quantinno Capital Management LP now owns 4,644 shares of the real estate investment trust's stock worth $485,000 after purchasing an additional 98 shares during the period. Institutional investors own 94.48% of the company's stock.

Insider Transactions at Ryman Hospitality Properties

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

Ryman Hospitality Properties Trading Up 0.7%

RHP traded up $0.69 during trading on Thursday, reaching $95.39. The company had a trading volume of 647,928 shares, compared to its average volume of 638,219. The stock has a market cap of $5.72 billion, a P/E ratio of 21.73, a PEG ratio of 2.71 and a beta of 1.55. The business has a 50 day simple moving average of $90.88 and a 200-day simple moving average of $101.00. Ryman Hospitality Properties, Inc. has a 52 week low of $76.27 and a 52 week high of $121.77. 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 (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, topping analysts' consensus estimates of $1.79 by $0.29. The company had revenue of $587.28 million during the quarter, compared to the consensus estimate of $546.52 million. Ryman Hospitality Properties had a return on equity of 49.23% and a net margin of 11.61%. Ryman Hospitality Properties's revenue was up 11.2% on a year-over-year basis. During the same period last year, the company earned $1.60 earnings per share. On average, equities analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 EPS 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 dividend of $1.15 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $4.60 annualized dividend and a dividend yield of 4.82%. Ryman Hospitality Properties's dividend payout ratio (DPR) is 97.46%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Evercore ISI lowered their price objective on shares of Ryman Hospitality Properties from $130.00 to $120.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Wedbush set a $110.00 target price on shares of Ryman Hospitality Properties and gave the stock an "outperform" rating in a report on Tuesday, May 6th. Truist Financial reduced their target price on shares of Ryman Hospitality Properties from $133.00 to $127.00 and set a "buy" rating for the company in a report on Friday, March 21st. Wall Street Zen raised shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a report on Saturday, March 1st. Finally, Wells Fargo & Company increased their target price on shares of Ryman Hospitality Properties from $99.00 to $101.00 and gave the stock an "overweight" rating in a report on Thursday. 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 stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $113.00.

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.