Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 32.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 723,752 shares of the real estate investment trust's stock after buying an additional 176,113 shares during the quarter. Victory Capital Management Inc. owned approximately 1.21% of Ryman Hospitality Properties worth $66,180,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in RHP. Quantinno Capital Management LP raised its stake in shares of Ryman Hospitality Properties by 2.2% during the 4th quarter. Quantinno Capital Management LP now owns 4,644 shares of the real estate investment trust's stock worth $485,000 after purchasing an additional 98 shares in the last quarter. Cetera Investment Advisers boosted its stake in Ryman Hospitality Properties by 2.9% in the 4th quarter. Cetera Investment Advisers now owns 4,469 shares of the real estate investment trust's stock worth $466,000 after purchasing an additional 125 shares during the period. Oppenheimer Asset Management Inc. increased its stake in shares of Ryman Hospitality Properties by 3.5% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 3,828 shares of the real estate investment trust's stock worth $350,000 after purchasing an additional 130 shares during the last quarter. Summit Global Investments grew its stake in Ryman Hospitality Properties by 2.1% in the 4th quarter. Summit Global Investments now owns 7,597 shares of the real estate investment trust's stock valued at $793,000 after buying an additional 153 shares during the last quarter. Finally, Brown Advisory Inc. boosted its holdings in Ryman Hospitality Properties by 6.5% in the 1st quarter. Brown Advisory Inc. now owns 2,503 shares of the real estate investment trust's stock valued at $229,000 after purchasing an additional 153 shares during the period. Hedge funds and other institutional investors own 94.48% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on RHP. Jefferies Financial Group lowered their price target on shares of 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. Bank of America raised their price objective on shares of Ryman Hospitality Properties from $105.00 to $110.00 and gave the company a "buy" rating in a research note on Monday. Wells Fargo & Company lifted their price target on shares of Ryman Hospitality Properties from $101.00 to $108.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. Wedbush set a $110.00 price target on shares of Ryman Hospitality Properties and gave the company an "outperform" rating in a report on Tuesday, May 6th. Finally, Truist Financial reduced 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 report on Friday, May 30th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Ryman Hospitality Properties presently has an average rating of "Moderate Buy" and a consensus price target of $114.75.

Insider Activity

In other Ryman Hospitality Properties news, Chairman Colin V. Reed acquired 8,356 shares of the business's stock in a transaction dated 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 transaction, the chairman directly owned 870,406 shares in the company, valued at approximately $84,359,749.52. The trade was a 0.97% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alvin L. Bowles, Jr. sold 1,300 shares of the stock in a transaction dated 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 transaction, the director directly owned 2,576 shares of the company's stock, valued at approximately $255,049.76. The trade was a 33.54% decrease in their position. The disclosure for this sale can be found here. 5.00% of the stock is owned by company insiders.

Ryman Hospitality Properties Price Performance

RHP traded down $0.31 during trading on Monday, hitting $99.69. The company's stock had a trading volume of 229,738 shares, compared to its average volume of 672,208. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 5.92. Ryman Hospitality Properties, Inc. has a 12 month low of $76.27 and a 12 month high of $121.77. The firm's 50 day moving average price is $99.15 and its two-hundred day moving average price is $97.20. The stock has a market capitalization of $5.98 billion, a price-to-earnings ratio of 21.14, a price-to-earnings-growth ratio of 2.70 and a beta of 1.57.

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 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 analysts' expectations of $546.52 million. Ryman Hospitality Properties had a return on equity of 51.95% and a net margin of 12.16%. The firm's revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.60 EPS. Sell-side analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a dividend of $1.15 per share. The ex-dividend date was Monday, June 30th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.61%. Ryman Hospitality Properties's dividend payout ratio (DPR) is currently 97.46%.

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.