Vanderbilt University Takes $466,000 Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Vanderbilt University acquired a new stake in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,098 shares of the real estate investment trust's stock, valued at approximately $466,000.

Several other large investors have also made changes to their positions in RHP. Quantinno Capital Management LP lifted its position in shares of Ryman Hospitality Properties by 2.2% in the fourth quarter. Quantinno Capital Management LP now owns 4,644 shares of the real estate investment trust's stock worth $485,000 after buying an additional 98 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Ryman Hospitality Properties by 2.9% in the fourth quarter. Cetera Investment Advisers now owns 4,469 shares of the real estate investment trust's stock worth $466,000 after buying an additional 125 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Ryman Hospitality Properties by 0.8% in the fourth quarter. Arizona State Retirement System now owns 16,515 shares of the real estate investment trust's stock worth $1,723,000 after buying an additional 132 shares in the last quarter. Summit Global Investments lifted its position in shares of Ryman Hospitality Properties by 2.1% in the fourth quarter. Summit Global Investments now owns 7,597 shares of the real estate investment trust's stock worth $793,000 after buying an additional 153 shares in the last quarter. Finally, Beacon Investment Advisors LLC lifted its position in shares of Ryman Hospitality Properties by 0.5% in the fourth quarter. Beacon Investment Advisors LLC now owns 30,466 shares of the real estate investment trust's stock worth $3,179,000 after buying an additional 155 shares in the last quarter. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Chairman Colin V. Reed purchased 8,356 shares of Ryman Hospitality Properties stock in a transaction dated Monday, June 9th. The shares were purchased at an average cost of $96.92 per share, for a total transaction of $809,863.52. Following the completion of the acquisition, the chairman now owns 870,406 shares in the company, valued at $84,359,749.52. This represents a 0.97% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Alvin L. Bowles, Jr. sold 1,300 shares of the stock in a transaction that occurred 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.00% of the company's stock.

Wall Street Analysts Forecast Growth

RHP has been the topic of a number of research analyst reports. Jefferies Financial Group decreased 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 issued a $101.00 target price (up from $99.00) on shares of Ryman Hospitality Properties in a research report on Thursday, May 22nd. Truist Financial decreased their price objective on Ryman Hospitality Properties from $127.00 to $120.00 and set a "buy" rating on the stock in a research report on Friday, May 30th. Wall Street Zen upgraded Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research report on Saturday, March 1st. Finally, Evercore ISI decreased their price objective on Ryman Hospitality Properties from $130.00 to $120.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Ryman Hospitality Properties presently has an average rating of "Moderate Buy" and a consensus price target of $112.00.

Ryman Hospitality Properties Trading Up 1.2%

Shares of RHP stock opened at $98.35 on Friday. Ryman Hospitality Properties, Inc. has a 1 year low of $76.27 and a 1 year high of $121.77. The company has a debt-to-equity ratio of 5.92, a current ratio of 1.55 and a quick ratio of 1.55. The stock's 50 day simple moving average is $93.78 and its two-hundred day simple moving average is $98.69. The company has a market cap of $5.90 billion, a PE ratio of 20.84, a price-to-earnings-growth ratio of 2.68 and a beta of 1.58.

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 for the quarter, topping the consensus estimate 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 firm had revenue of $587.28 million for the quarter, compared to the consensus estimate of $546.52 million. During the same period in the prior year, the business posted $1.60 earnings per share. The company's revenue for the quarter was up 11.2% on a year-over-year basis. Research analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current year.

Ryman Hospitality Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a $1.15 dividend. The ex-dividend date is Monday, June 30th. This represents a $4.60 annualized dividend and a dividend yield of 4.68%. Ryman Hospitality Properties's payout ratio is 97.46%.

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.

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