Los Angeles Capital Management LLC Purchases Shares of 8,841 Ryman Hospitality Properties, Inc. (NYSE:RHP)

Los Angeles Capital Management LLC acquired a new stake in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 8,841 shares of the real estate investment trust's stock, valued at approximately $973,000.

Other hedge funds have also recently modified their holdings of the company. Adage Capital Partners GP L.L.C. acquired a new position in Ryman Hospitality Properties during the third quarter worth $21,653,000. Vanguard Group Inc. raised its position in shares of Ryman Hospitality Properties by 2.7% during the 3rd quarter. Vanguard Group Inc. now owns 8,307,026 shares of the real estate investment trust's stock worth $691,809,000 after purchasing an additional 216,137 shares during the last quarter. Land & Buildings Investment Management LLC purchased a new position in Ryman Hospitality Properties in the 3rd quarter valued at about $15,018,000. Aew Capital Management L P boosted its holdings in Ryman Hospitality Properties by 23.4% in the 3rd quarter. Aew Capital Management L P now owns 746,145 shares of the real estate investment trust's stock worth $62,139,000 after buying an additional 141,361 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in Ryman Hospitality Properties by 33.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 555,473 shares of the real estate investment trust's stock worth $46,199,000 after buying an additional 139,867 shares in the last quarter. Hedge funds and other institutional investors own 94.48% of the company's stock.

Insiders Place Their Bets

In related news, Chairman Colin V. Reed acquired 13,800 shares of Ryman Hospitality Properties stock in a transaction on Tuesday, May 7th. The stock was purchased at an average cost of $106.40 per share, with a total value of $1,468,320.00. Following the purchase, the chairman now directly owns 819,143 shares in the company, valued at $87,156,815.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Chairman Colin V. Reed acquired 13,800 shares of the company's stock in a transaction on Tuesday, May 7th. The shares were bought at an average cost of $106.40 per share, with a total value of $1,468,320.00. Following the purchase, the chairman now owns 819,143 shares of the company's stock, valued at approximately $87,156,815.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Patrick S. Chaffin sold 16,189 shares of Ryman Hospitality Properties stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $119.74, for a total value of $1,938,470.86. Following the completion of the sale, the chief operating officer now directly owns 17,618 shares in the company, valued at approximately $2,109,579.32. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on RHP shares. Wells Fargo & Company lifted their price target on Ryman Hospitality Properties from $125.00 to $133.00 and gave the stock an "overweight" rating in a research note on Thursday, March 21st. StockNews.com lowered shares of Ryman Hospitality Properties from a "hold" rating to a "sell" rating in a research report on Monday. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Ryman Hospitality Properties from $141.00 to $136.00 and set a "buy" rating on the stock in a research note on Thursday. Raymond James lifted their price objective on Ryman Hospitality Properties from $115.00 to $135.00 and gave the stock an "outperform" rating in a research report on Friday, February 2nd. Finally, Truist Financial upped their target price on Ryman Hospitality Properties from $134.00 to $135.00 and gave the company a "buy" rating in a report on Thursday, March 14th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $119.00.

Ryman Hospitality Properties Stock Performance

NYSE RHP traded up $0.52 on Friday, reaching $105.93. The stock had a trading volume of 524,587 shares, compared to its average volume of 446,460. The company has a debt-to-equity ratio of 5.90, a quick ratio of 1.97 and a current ratio of 1.97. The stock has a market cap of $6.34 billion, a P/E ratio of 21.82, a price-to-earnings-growth ratio of 0.78 and a beta of 1.59. The business's 50-day moving average price is $112.22 and its 200 day moving average price is $108.04. Ryman Hospitality Properties, Inc. has a 12-month low of $79.86 and a 12-month high of $122.91.

Ryman Hospitality Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date was Wednesday, March 27th. Ryman Hospitality Properties's dividend payout ratio is currently 91.10%.

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.