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 its most recent disclosure with the SEC. The firm acquired 6,624 shares of the real estate investment trust's stock, valued at approximately $606,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. M&T Bank Corp raised its position in Ryman Hospitality Properties by 15.7% during the 4th quarter. M&T Bank Corp now owns 6,573 shares of the real estate investment trust's stock valued at $686,000 after purchasing an additional 892 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Ryman Hospitality Properties in the fourth quarter worth about $23,995,000. PNC Financial Services Group Inc. increased its position in shares of Ryman Hospitality Properties by 369.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 12,738 shares of the real estate investment trust's stock valued at $1,329,000 after acquiring an additional 10,025 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Ryman Hospitality Properties by 48.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 36,091 shares of the real estate investment trust's stock worth $3,766,000 after purchasing an additional 11,753 shares during the period. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of Ryman Hospitality Properties by 4.6% in the 4th quarter. Daiwa Securities Group Inc. now owns 20,830 shares of the real estate investment trust's stock valued at $2,174,000 after acquiring an additional 924 shares during the last quarter. 94.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Jefferies Financial Group lowered their price target 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 reissued an "overweight" rating and set a $101.00 price objective (up from $99.00) on shares of Ryman Hospitality Properties in a research report on Thursday, May 22nd. JPMorgan Chase & Co. initiated coverage on Ryman Hospitality Properties in a report on Monday, June 23rd. They set an "overweight" rating and a $117.00 target price for the company. Wedbush set a $110.00 target price on Ryman Hospitality Properties and gave the stock an "outperform" rating in a research note on Tuesday, May 6th. Finally, 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 report on Monday, April 28th. 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 MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $114.43.

Ryman Hospitality Properties Stock Performance

NYSE:RHP traded down $1.10 during mid-day trading on Friday, hitting $103.35. The stock had a trading volume of 357,998 shares, compared to its average volume of 562,440. The company has a 50 day simple moving average of $98.54 and a 200-day simple moving average of $97.44. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 5.92. The stock has a market capitalization of $6.20 billion, a price-to-earnings ratio of 11.68, a P/E/G ratio of 2.82 and a beta of 1.57. Ryman Hospitality Properties, Inc. has a 52 week low of $76.27 and a 52 week high of $121.77.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last posted 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 12.16% and a return on equity of 51.95%. The firm had revenue of $587.28 million for the quarter, compared to analyst estimates of $546.52 million. During the same quarter in the previous year, the business posted $1.60 earnings per share. The firm's quarterly revenue was up 11.2% compared to the same quarter last year. On average, research analysts expect that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

The firm 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. This represents a $4.60 annualized dividend and a dividend yield of 4.45%. The ex-dividend date of this dividend is Monday, June 30th. Ryman Hospitality Properties's payout ratio is presently 97.46%.

Insider Activity at Ryman Hospitality Properties

In other news, Chairman Colin V. Reed acquired 8,356 shares of the stock in a transaction dated Monday, June 9th. The shares were acquired at an average cost of $96.92 per share, for a total transaction of $809,863.52. Following the completion of the transaction, the chairman owned 870,406 shares in the company, valued at approximately $84,359,749.52. This trade represents a 0.97% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Alvin L. Bowles, Jr. sold 1,300 shares of the company's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $99.01, for a total value of $128,713.00. Following the completion of the sale, the director owned 2,576 shares in the company, valued at $255,049.76. This trade represents a 33.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by insiders.

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.