First Trust Advisors LP Has $6.20 Million Stake in Ryman Hospitality Properties, Inc. (NYSE:RHP)

First Trust Advisors LP boosted its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 166.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 59,377 shares of the real estate investment trust's stock after buying an additional 37,130 shares during the quarter. First Trust Advisors LP owned approximately 0.10% of Ryman Hospitality Properties worth $6,195,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of RHP. Principal Financial Group Inc. boosted its holdings in Ryman Hospitality Properties by 3.2% in the 4th quarter. Principal Financial Group Inc. now owns 3,254,693 shares of the real estate investment trust's stock worth $339,596,000 after buying an additional 101,333 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Ryman Hospitality Properties by 10.7% during the fourth quarter. JPMorgan Chase & Co. now owns 1,439,719 shares of the real estate investment trust's stock worth $150,220,000 after purchasing an additional 138,771 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Ryman Hospitality Properties by 1.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 979,176 shares of the real estate investment trust's stock valued at $102,167,000 after purchasing an additional 14,861 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Ryman Hospitality Properties by 2.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 853,251 shares of the real estate investment trust's stock worth $89,028,000 after purchasing an additional 24,439 shares during the last quarter. Finally, Cooke & Bieler LP acquired a new stake in shares of Ryman Hospitality Properties in the fourth quarter valued at about $74,811,000. Institutional investors and hedge funds own 94.48% of the company's stock.

Ryman Hospitality Properties Stock Up 6.3 %

NYSE:RHP traded up $5.52 during trading hours on Friday, hitting $93.61. The company's stock had a trading volume of 1,043,409 shares, compared to its average volume of 618,427. The stock has a market capitalization of $5.62 billion, a P/E ratio of 21.32, a price-to-earnings-growth ratio of 2.71 and a beta of 1.38. Ryman Hospitality Properties, Inc. has a 52-week low of $76.27 and a 52-week high of $121.77. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 6.07. The stock has a fifty day moving average of $90.86 and a 200-day moving average of $102.11.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $2.08 earnings per share for the quarter, topping analysts' consensus estimates of $1.79 by $0.29. Ryman Hospitality Properties had a return on equity of 49.23% and a net margin of 11.61%. The company had revenue of $587.28 million during the quarter, compared to analysts' expectations of $546.52 million. During the same period last year, the firm earned $1.60 EPS. The firm's revenue for the quarter was up 11.2% on a year-over-year basis. On average, equities analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current year.

Ryman Hospitality Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 4.91%. The ex-dividend date was Monday, March 31st. Ryman Hospitality Properties's dividend payout ratio is currently 104.78%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on RHP. StockNews.com raised shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research note on Saturday, March 1st. Evercore ISI lowered their price objective on 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. Jefferies Financial Group cut their target price on Ryman Hospitality Properties from $118.00 to $100.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Truist Financial lowered their price target on shares of Ryman Hospitality Properties from $133.00 to $127.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. Finally, Wells Fargo & Company decreased their target price on shares of Ryman Hospitality Properties from $130.00 to $122.00 and set an "overweight" rating on the stock in a report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $119.71.

Insider Activity

In other news, Director Alvin L. Bowles, Jr. sold 473 shares of the firm's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $97.03, for a total value of $45,895.19. Following the transaction, the director now directly owns 2,675 shares in the company, valued at approximately $259,555.25. This trade represents a 15.03 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Colin V. Reed purchased 8,231 shares of Ryman Hospitality Properties stock in a transaction dated Wednesday, February 26th. The shares were purchased at an average cost of $97.54 per share, with a total value of $802,851.74. Following the acquisition, the chairman now owns 832,260 shares of the company's stock, valued at approximately $81,178,640.40. This trade represents a 1.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 5.00% of the company's stock.

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.