U.S. Capital Wealth Advisors LLC Takes $606,000 Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

U.S. Capital Wealth Advisors LLC acquired a new stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 6,624 shares of the real estate investment trust's stock, valued at approximately $606,000.

Other large investors have also added to or reduced their stakes in the company. Heck Capital Advisors LLC bought a new stake in shares of Ryman Hospitality Properties in the 4th quarter worth $31,000. Fifth Third Bancorp grew its holdings in shares of Ryman Hospitality Properties by 175.6% in the first quarter. Fifth Third Bancorp now owns 576 shares of the real estate investment trust's stock worth $53,000 after acquiring an additional 367 shares during the period. Harvest Fund Management Co. Ltd bought a new stake in shares of Ryman Hospitality Properties in the fourth quarter worth $72,000. Covestor Ltd grew its holdings in shares of Ryman Hospitality Properties by 33.3% in the fourth quarter. Covestor Ltd now owns 829 shares of the real estate investment trust's stock worth $87,000 after acquiring an additional 207 shares during the period. Finally, FIL Ltd grew its holdings in shares of Ryman Hospitality Properties by 44.5% in the fourth quarter. FIL Ltd now owns 929 shares of the real estate investment trust's stock worth $97,000 after acquiring an additional 286 shares during the period. Hedge funds and other institutional investors own 94.48% of the company's stock.

Insider Activity at Ryman Hospitality Properties

In related news, Director Alvin L. Bowles, Jr. sold 1,300 shares of the firm's stock in a transaction 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 owned 2,576 shares in the company, valued at $255,049.76. This trade represents a 33.54% decrease in their position. 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 Ryman Hospitality Properties stock in a transaction that occurred on Monday, June 9th. The stock was purchased at an average price of $96.92 per share, with a total value of $809,863.52. Following the purchase, the chairman directly owned 870,406 shares in the company, valued at $84,359,749.52. The trade was a 0.97% increase in their ownership of the stock. The disclosure for this purchase can be found here. 5.00% of the stock is owned by corporate insiders.

Ryman Hospitality Properties Trading Up 0.5%

RHP stock traded up $0.52 during midday trading on Monday, reaching $103.77. 410,061 shares of the company traded hands, compared to its average volume of 670,487. Ryman Hospitality Properties, Inc. has a 52-week low of $76.27 and a 52-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. The business has a 50 day moving average of $98.54 and a 200-day moving average of $97.31. The firm has a market capitalization of $6.23 billion, a price-to-earnings ratio of 21.98, a P/E/G ratio of 2.78 and a beta of 1.57.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $2.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.79 by $0.29. The business had revenue of $587.28 million for the quarter, compared to the consensus estimate of $546.52 million. Ryman Hospitality Properties had a return on equity of 51.95% and a net margin of 12.16%. The company's quarterly revenue was up 11.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.60 earnings per share. As a group, sell-side analysts expect that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal 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 $1.15 dividend. The ex-dividend date is Monday, June 30th. This represents a $4.60 annualized dividend and a yield of 4.43%. Ryman Hospitality Properties's dividend payout ratio (DPR) is currently 97.46%.

Analyst Ratings Changes

Several brokerages recently commented on RHP. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $101.00 price objective (up previously from $99.00) on shares of Ryman Hospitality Properties in a report on Thursday, May 22nd. Truist Financial cut their price objective 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. JPMorgan Chase & Co. started coverage on Ryman Hospitality Properties in a report on Monday, June 23rd. They issued an "overweight" rating and a $117.00 price objective for the company. Evercore ISI cut their price target 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. Finally, 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. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target 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.