Price T Rowe Associates Inc. MD Buys 3,993 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Price T Rowe Associates Inc. MD lifted its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 10.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 43,873 shares of the real estate investment trust's stock after purchasing an additional 3,993 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.07% of Ryman Hospitality Properties worth $4,578,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of RHP. Principal Financial Group Inc. raised its holdings in Ryman Hospitality Properties by 41.9% in the third 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 acquiring an additional 931,283 shares in the last quarter. Cooke & Bieler LP purchased a new stake in shares of Ryman Hospitality Properties in the 4th quarter valued at approximately $74,811,000. Hamlin Capital Management LLC acquired a new stake in shares of Ryman Hospitality Properties in the 4th quarter valued at $65,142,000. Norges Bank purchased a new stake in shares of Ryman Hospitality Properties during the 4th quarter worth $29,448,000. Finally, Victory Capital Management Inc. grew its stake in shares of Ryman Hospitality Properties by 87.3% during the fourth 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 hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

RHP has been the subject of several research analyst reports. Truist Financial lowered their target price on shares of Ryman Hospitality Properties from $133.00 to $127.00 and set a "buy" rating for the company in a report on Friday, March 21st. Evercore ISI cut their target price on Ryman Hospitality Properties from $130.00 to $120.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. Jefferies Financial Group decreased their target price on Ryman Hospitality Properties from $118.00 to $100.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Wedbush set a $110.00 price objective on Ryman Hospitality Properties and gave the company an "outperform" rating in a report on Tuesday. Finally, Wells Fargo & Company cut 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 seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $118.50.

Insiders Place Their Bets

In other news, Chairman Colin V. Reed acquired 8,231 shares of the firm's stock in a transaction dated Wednesday, February 26th. The shares were bought at an average price 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 $81,178,640.40. This trade represents a 1.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alvin L. Bowles, Jr. sold 473 shares of the company's stock in a transaction on 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 transaction, the director now owns 2,675 shares of the company's stock, valued at $259,555.25. The trade was a 15.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.00% of the company's stock.

Ryman Hospitality Properties Stock Up 0.5 %

Shares of NYSE RHP traded up $0.51 during mid-day trading on Wednesday, reaching $94.51. The company had a trading volume of 644,094 shares, compared to its average volume of 618,128. 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 twelve month low of $76.27 and a twelve month high of $121.77. The stock's 50 day moving average is $90.77 and its 200-day moving average is $101.82. The stock has a market capitalization of $5.67 billion, a PE ratio of 21.53, a price-to-earnings-growth ratio of 2.71 and a beta of 1.55.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last posted its earnings results on Thursday, May 1st. The real estate investment trust reported $2.08 earnings per share (EPS) for the quarter, beating 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 business had revenue of $587.28 million for the quarter, compared to analyst estimates of $546.52 million. During the same period last year, the business posted $1.60 EPS. Ryman Hospitality Properties's revenue was up 11.2% compared to the same quarter last year. As a group, equities analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

The firm also recently announced 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 of this dividend was Monday, March 31st. Ryman Hospitality Properties's dividend payout ratio (DPR) is currently 97.46%.

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.