Sophron Capital Management L.P. Makes New Investment in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Sophron Capital Management L.P. purchased a new position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 77,281 shares of the real estate investment trust's stock, valued at approximately $8,064,000. Ryman Hospitality Properties makes up about 3.2% of Sophron Capital Management L.P.'s holdings, making the stock its 14th biggest holding. Sophron Capital Management L.P. owned approximately 0.13% of Ryman Hospitality Properties at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Heck Capital Advisors LLC purchased a new stake in shares of Ryman Hospitality Properties during the fourth quarter worth about $31,000. Harvest Fund Management Co. Ltd purchased a new position in Ryman Hospitality Properties during the fourth quarter worth about $72,000. Venturi Wealth Management LLC purchased a new position in Ryman Hospitality Properties during the fourth quarter worth about $83,000. Covestor Ltd lifted its position in 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 buying an additional 207 shares during the period. Finally, Blue Trust Inc. lifted its position in Ryman Hospitality Properties by 23.4% during the fourth quarter. Blue Trust Inc. now owns 845 shares of the real estate investment trust's stock worth $91,000 after buying an additional 160 shares during the period. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Alvin L. Bowles, Jr. sold 473 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The stock was 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 directly owns 2,675 shares in the company, valued at approximately $259,555.25. The trade was a 15.03% decrease in their position. 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 purchased 8,231 shares of the stock in a transaction dated Wednesday, February 26th. The stock was purchased at an average price of $97.54 per share, with a total value of $802,851.74. Following the completion of the acquisition, the chairman now directly owns 832,260 shares in the company, 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. Company insiders own 5.00% of the company's stock.

Ryman Hospitality Properties Stock Down 1.0%

Ryman Hospitality Properties stock traded down $0.99 during midday trading on Friday, hitting $94.38. 542,061 shares of the stock were exchanged, compared to its average volume of 638,960. Ryman Hospitality Properties, Inc. has a 1 year low of $76.27 and a 1 year high of $121.77. The firm has a market cap of $5.66 billion, a P/E ratio of 21.50, a P/E/G ratio of 2.71 and a beta of 1.55. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.73. The company has a 50 day moving average price of $90.87 and a two-hundred day moving average price of $100.91.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $2.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.79 by $0.29. Ryman Hospitality Properties had a net margin of 11.61% and a return on equity of 49.23%. The firm had revenue of $587.28 million for the quarter, compared to the consensus estimate of $546.52 million. During the same quarter in the previous year, the firm posted $1.60 EPS. The firm's quarterly revenue was up 11.2% on a year-over-year basis. On average, sell-side analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

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 paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 4.87%. The ex-dividend date is Monday, June 30th. Ryman Hospitality Properties's dividend payout ratio (DPR) is currently 97.46%.

Analysts Set New Price Targets

RHP has been the topic of several recent analyst reports. Wedbush set a $110.00 target price on Ryman Hospitality Properties and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. 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 research report on Wednesday, April 9th. Wells Fargo & Company reiterated an "overweight" rating and set a $101.00 target price (up from $99.00) on shares of Ryman Hospitality Properties in a research report on Thursday. 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. Finally, Wall Street Zen upgraded shares of 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 sell rating, one has given a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, Ryman Hospitality Properties presently has a consensus rating of "Moderate Buy" and an average price target 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.