Kennedy Capital Management LLC Acquires 3,541 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Kennedy Capital Management LLC boosted its position in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 7.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 49,577 shares of the real estate investment trust's stock after buying an additional 3,541 shares during the period. Kennedy Capital Management LLC owned approximately 0.08% of Ryman Hospitality Properties worth $5,173,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of RHP. Bessemer Group Inc. boosted its position in shares of Ryman Hospitality Properties by 4.2% during the 4th quarter. Bessemer Group Inc. now owns 241,698 shares of the real estate investment trust's stock valued at $25,220,000 after purchasing an additional 9,852 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Ryman Hospitality Properties in the 4th quarter valued at $23,995,000. FIL Ltd lifted its position in shares of Ryman Hospitality Properties by 44.5% during the 4th quarter. FIL Ltd now owns 929 shares of the real estate investment trust's stock valued at $97,000 after acquiring an additional 286 shares during the period. Invesco Ltd. increased its stake in Ryman Hospitality Properties by 3.8% in the fourth quarter. Invesco Ltd. now owns 107,888 shares of the real estate investment trust's stock valued at $11,257,000 after purchasing an additional 3,961 shares in the last quarter. Finally, Employees Retirement System of Texas raised its holdings in shares of Ryman Hospitality Properties by 9.6% during the fourth quarter. Employees Retirement System of Texas now owns 56,912 shares of the real estate investment trust's stock valued at $5,938,000 after purchasing an additional 5,000 shares during the period. Institutional investors own 94.48% of the company's stock.

Insider Buying and Selling

In other Ryman Hospitality Properties news, Director Alvin L. Bowles, Jr. sold 473 shares of the firm's 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 completion of the sale, the director now directly owns 2,675 shares of the company's stock, valued at $259,555.25. This trade represents a 15.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Colin V. Reed bought 8,231 shares of the stock in a transaction on Wednesday, February 26th. The stock was purchased at an average price of $97.54 per share, for a total transaction of $802,851.74. Following the completion of the purchase, the chairman now 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 ownership of the stock. The disclosure for this purchase can be found here. 5.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

Ryman Hospitality Properties Stock Up 2.1 %

Ryman Hospitality Properties stock traded up $1.76 during midday trading on Friday, hitting $85.69. 602,201 shares of the stock were exchanged, compared to its average volume of 605,793. Ryman Hospitality Properties, Inc. has a 52-week low of $76.27 and a 52-week high of $121.77. The business's 50-day moving average price is $94.02 and its 200-day moving average price is $103.86. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 6.07. The stock has a market capitalization of $5.14 billion, a price-to-earnings ratio of 19.52, a price-to-earnings-growth ratio of 2.71 and a beta of 1.38.

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

Ryman Hospitality Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 5.37%. The ex-dividend date of this dividend was Monday, March 31st. Ryman Hospitality Properties's dividend payout ratio (DPR) is currently 104.78%.

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.