Northern Trust Corp Has $81.41 Million Stake in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Northern Trust Corp boosted its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 27.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 780,261 shares of the real estate investment trust's stock after acquiring an additional 170,401 shares during the quarter. Northern Trust Corp owned about 1.30% of Ryman Hospitality Properties worth $81,412,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Principal Financial Group Inc. grew its holdings in Ryman Hospitality Properties by 41.9% during 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 purchasing an additional 931,283 shares in the last quarter. Cooke & Bieler LP purchased a new stake in shares of Ryman Hospitality Properties during the fourth quarter worth about $74,811,000. Hamlin Capital Management LLC acquired a new position in shares of Ryman Hospitality Properties in the fourth quarter worth about $65,142,000. Norges Bank purchased a new position in Ryman Hospitality Properties in the fourth quarter valued at about $29,448,000. Finally, Victory Capital Management Inc. increased its holdings 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 during the last quarter. Institutional investors and hedge funds own 94.48% of the company's stock.

Ryman Hospitality Properties Stock Performance

Shares of NYSE:RHP traded up $0.51 on Wednesday, hitting $94.51. The company's stock had a trading volume of 644,094 shares, compared to its average volume of 618,128. The company has a market capitalization of $5.67 billion, a price-to-earnings ratio of 21.53, a price-to-earnings-growth ratio of 2.71 and a beta of 1.55. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.73 and a current ratio of 1.73. Ryman Hospitality Properties, Inc. has a 12 month low of $76.27 and a 12 month high of $121.77. The stock's 50-day moving average is $90.77 and its two-hundred day moving average is $101.82.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last issued its quarterly earnings results 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 net margin of 11.61% and a return on equity of 49.23%. The company had revenue of $587.28 million during the quarter, compared to analyst estimates of $546.52 million. During the same period in the prior year, the business posted $1.60 EPS. The business's revenue for the quarter was up 11.2% compared to the same quarter last year. On average, equities research analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.

Ryman Hospitality Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 4.87%. The ex-dividend date was Monday, March 31st. Ryman Hospitality Properties's payout ratio is 97.46%.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on RHP. Wedbush set a $110.00 price target on shares of Ryman Hospitality Properties and gave the stock an "outperform" rating in a research report on Tuesday. StockNews.com raised Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research report on Saturday, March 1st. Wells Fargo & Company decreased their price objective on shares of Ryman Hospitality Properties from $130.00 to $122.00 and set an "overweight" rating for the company in a report on Tuesday, February 18th. Truist Financial dropped their target price on shares of Ryman Hospitality Properties from $133.00 to $127.00 and set a "buy" rating on the stock in a report on Friday, March 21st. Finally, Evercore ISI decreased their price target on shares of Ryman Hospitality Properties from $130.00 to $120.00 and set an "outperform" rating for the company in a report on Monday, April 28th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $118.50.

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.