Mercer Global Advisors Inc. ADV Purchases Shares of 2,758 Ryman Hospitality Properties, Inc. (NYSE:RHP)

Mercer Global Advisors Inc. ADV acquired a new position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,758 shares of the real estate investment trust's stock, valued at approximately $288,000.

A number of other institutional investors also recently made changes to their positions in the company. Arizona State Retirement System raised its position in 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 valued at $1,723,000 after purchasing an additional 132 shares in the last quarter. Summit Global Investments raised its position in 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 valued at $793,000 after purchasing an additional 153 shares in the last quarter. Beacon Investment Advisors LLC raised its position in 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 valued at $3,179,000 after purchasing an additional 155 shares in the last quarter. Blue Trust Inc. raised its position in Ryman Hospitality Properties by 23.4% during the fourth quarter. Blue Trust Inc. now owns 845 shares of the real estate investment trust's stock valued at $91,000 after purchasing an additional 160 shares in the last quarter. Finally, Covestor Ltd raised its position in Ryman Hospitality Properties by 33.3% during the fourth quarter. Covestor Ltd now owns 829 shares of the real estate investment trust's stock valued at $87,000 after purchasing an additional 207 shares in the last quarter. Institutional investors own 94.48% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. StockNews.com upgraded Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research note on Saturday, March 1st. Wedbush set a $110.00 target price on Ryman Hospitality Properties and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. Evercore ISI decreased their price target on Ryman Hospitality Properties from $130.00 to $120.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Truist Financial reduced their target price on Ryman Hospitality Properties from $133.00 to $127.00 and set a "buy" rating for the company in a research note on Friday, March 21st. Finally, Jefferies Financial Group reduced 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. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $116.00.

Insider Buying and Selling at Ryman Hospitality Properties

In related news, Chairman Colin V. Reed bought 8,231 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The shares were bought at an average price of $97.54 per share, for a total transaction of $802,851.74. Following the completion of the acquisition, the chairman now owns 832,260 shares of the company's stock, valued at $81,178,640.40. This trade represents a 1.00% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Alvin L. Bowles, Jr. sold 473 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $97.03, for a total transaction 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 represents a 15.03% decrease in their position. The disclosure for this sale can be found here. Insiders own 5.00% of the company's stock.

Ryman Hospitality Properties Trading Up 0.2%

Shares of NYSE:RHP traded up $0.19 during midday trading on Monday, hitting $99.20. 461,987 shares of the stock traded hands, compared to its average volume of 622,566. The stock has a market capitalization of $5.95 billion, a PE ratio of 22.60, a P/E/G ratio of 2.71 and a beta of 1.55. The business's 50 day moving average is $90.84 and its two-hundred day moving average is $101.23. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 6.07. Ryman Hospitality Properties, Inc. has a one year low of $76.27 and a one year high of $121.77.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last released its quarterly 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. Ryman Hospitality Properties had a net margin of 11.61% and a return on equity of 49.23%. The business had revenue of $587.28 million for the quarter, compared to analysts' expectations of $546.52 million. During the same quarter in the previous year, the business posted $1.60 earnings per share. The firm's revenue for the quarter was up 11.2% compared to the same quarter last year. As a group, research analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current year.

Ryman Hospitality Properties Announces Dividend

The firm 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 dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.64%. The ex-dividend date of this dividend is Monday, June 30th. Ryman Hospitality Properties's dividend 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.