16,371 Shares in Ryman Hospitality Properties, Inc. (NYSE:RHP) Bought by Heritage Trust Co

Heritage Trust Co bought a new position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 16,371 shares of the real estate investment trust's stock, valued at approximately $1,708,000.

Several other institutional investors also recently modified their holdings of the stock. Principal Financial Group Inc. grew its holdings in shares of Ryman Hospitality Properties by 41.9% in the 3rd quarter. Principal Financial Group Inc. now owns 3,153,360 shares of the real estate investment trust's stock valued at $338,168,000 after buying an additional 931,283 shares during the period. Cooke & Bieler LP bought a new stake in shares of Ryman Hospitality Properties in the fourth quarter worth about $74,811,000. Hamlin Capital Management LLC acquired a new stake in shares of Ryman Hospitality Properties during the fourth quarter worth about $65,142,000. Norges Bank acquired a new position in shares of Ryman Hospitality Properties in the 4th quarter valued at approximately $29,448,000. Finally, Victory Capital Management Inc. increased its stake in Ryman Hospitality Properties by 87.3% during the 4th quarter. Victory Capital Management Inc. now owns 547,639 shares of the real estate investment trust's stock worth $57,141,000 after purchasing an additional 255,229 shares in the last quarter. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Ryman Hospitality Properties

In related news, Chairman Colin V. Reed acquired 8,231 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The stock was acquired at an average cost of $97.54 per share, for a total transaction of $802,851.74. Following the completion of the acquisition, the chairman now directly 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 acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Alvin L. Bowles, Jr. sold 473 shares of the company'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 completion of the sale, the director now owns 2,675 shares in the company, valued at $259,555.25. This trade represents a 15.03 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.00% of the company's stock.

Ryman Hospitality Properties Price Performance

Shares of RHP stock traded down $0.94 on Wednesday, hitting $84.06. 189,448 shares of the company's stock were exchanged, compared to its average volume of 603,824. Ryman Hospitality Properties, Inc. has a 12 month low of $76.27 and a 12 month high of $121.77. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.73. The company has a 50 day moving average of $94.79 and a 200 day moving average of $104.15. The stock has a market cap of $5.04 billion, a P/E ratio of 19.15, a price-to-earnings-growth ratio of 2.71 and a beta of 1.38.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share for the quarter, beating analysts' consensus estimates of $1.21 by $0.94. The company had revenue of $647.63 million for the quarter, compared to the consensus estimate of $656.01 million. Ryman Hospitality Properties had a net margin of 11.61% and a return on equity of 49.23%. On average, equities research analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.

Ryman Hospitality Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 5.47%. The ex-dividend date of this dividend was Monday, March 31st. Ryman Hospitality Properties's payout ratio is 104.78%.

Analysts Set New Price Targets

RHP has been the subject of several research analyst reports. Jefferies Financial Group reduced their price target on shares of Ryman Hospitality Properties from $118.00 to $100.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Wells Fargo & Company reduced their price objective on Ryman Hospitality Properties from $130.00 to $122.00 and set an "overweight" rating for the company in a research report on Tuesday, February 18th. StockNews.com raised shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research report on Saturday, March 1st. Finally, Truist Financial dropped their target price on Ryman Hospitality Properties from $133.00 to $127.00 and set a "buy" rating on the stock in a report on Friday, March 21st. One analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $119.67.

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.