5,098 Shares in Ryman Hospitality Properties, Inc. (NYSE:RHP) Bought by Vanderbilt University

Vanderbilt University bought a new position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 5,098 shares of the real estate investment trust's stock, valued at approximately $466,000.

A number of other institutional investors have also modified their holdings of the stock. Quantinno Capital Management LP increased its position in shares of Ryman Hospitality Properties by 2.2% during the fourth quarter. Quantinno Capital Management LP now owns 4,644 shares of the real estate investment trust's stock worth $485,000 after acquiring an additional 98 shares during the period. Cetera Investment Advisers increased its position in shares of Ryman Hospitality Properties by 2.9% during the fourth quarter. Cetera Investment Advisers now owns 4,469 shares of the real estate investment trust's stock worth $466,000 after acquiring an additional 125 shares during the period. Arizona State Retirement System increased its position in shares of Ryman Hospitality Properties by 0.8% during 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 acquiring an additional 132 shares during the period. Summit Global Investments increased its position in shares of Ryman Hospitality Properties by 2.1% during the fourth quarter. Summit Global Investments now owns 7,597 shares of the real estate investment trust's stock worth $793,000 after acquiring an additional 153 shares during the period. Finally, Beacon Investment Advisors LLC increased its position in shares of Ryman Hospitality Properties by 0.5% during 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 acquiring an additional 155 shares during the period. 94.48% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ryman Hospitality Properties

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

Ryman Hospitality Properties Stock Up 2.2%

RHP traded up $2.15 during trading on Monday, hitting $100.94. The stock had a trading volume of 700,921 shares, compared to its average volume of 662,720. The company has a market capitalization of $6.06 billion, a PE ratio of 21.39, a PEG ratio of 2.69 and a beta of 1.58. Ryman Hospitality Properties, Inc. has a twelve month low of $76.27 and a twelve month 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 stock has a 50 day simple moving average of $94.36 and a two-hundred day simple moving average of $98.16.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last announced its earnings results on Thursday, May 1st. The real estate investment trust reported $2.08 earnings per share for the quarter, beating the consensus estimate 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 net margin of 12.16% and a return on equity of 51.95%. Ryman Hospitality Properties's revenue was up 11.2% compared to the same quarter last year. During the same period last year, the firm earned $1.60 earnings per share. On average, 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders 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 4.56%. Ryman Hospitality Properties's dividend payout ratio (DPR) is 97.46%.

Wall Street Analyst Weigh In

RHP has been the topic of a number of recent research reports. Evercore ISI dropped 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. Wall Street Zen upgraded shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research note on Saturday, March 1st. Truist Financial dropped their price objective on shares of Ryman Hospitality Properties from $127.00 to $120.00 and set a "buy" rating on the stock in a research note on Friday, May 30th. JPMorgan Chase & Co. initiated coverage on shares of Ryman Hospitality Properties in a research note on Monday. They set an "overweight" rating and a $117.00 price objective on the stock. Finally, Wedbush set a $110.00 price objective on shares of Ryman Hospitality Properties and gave the company an "outperform" rating in a research note on Tuesday, May 6th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $114.43.

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.