Balyasny Asset Management L.P. Purchases 7,201 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Balyasny Asset Management L.P. boosted its position in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 3.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 230,240 shares of the real estate investment trust's stock after purchasing an additional 7,201 shares during the quarter. Balyasny Asset Management L.P. owned approximately 0.38% of Ryman Hospitality Properties worth $24,023,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Heck Capital Advisors LLC bought a new position in Ryman Hospitality Properties in the fourth quarter worth $31,000. Harvest Fund Management Co. Ltd bought a new position in shares of Ryman Hospitality Properties during the fourth quarter valued at $72,000. Venturi Wealth Management LLC bought a new position in shares of Ryman Hospitality Properties during the fourth quarter valued at $83,000. Covestor Ltd increased its holdings in shares of 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 acquiring an additional 207 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of 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 acquiring an additional 160 shares in the last quarter. Institutional investors own 94.48% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on RHP shares. Truist Financial dropped their price objective on 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. StockNews.com raised Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research report on Saturday, March 1st. Wedbush set a $110.00 price objective on Ryman Hospitality Properties and gave the company an "outperform" rating in a research report on Tuesday, May 6th. Jefferies Financial Group dropped their price objective on Ryman Hospitality Properties from $118.00 to $100.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Finally, Evercore ISI dropped their price objective 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. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $116.00.

Insider Activity

In related news, Director Alvin L. Bowles, Jr. sold 473 shares of Ryman Hospitality Properties 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 sale, the director now owns 2,675 shares of the company's stock, valued at approximately $259,555.25. This trade represents a 15.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Colin V. Reed bought 8,231 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The shares were acquired at an average cost of $97.54 per share, for a total transaction of $802,851.74. Following the purchase, the chairman now directly owns 832,260 shares in the company, valued at $81,178,640.40. This trade represents a 1.00% increase in their position. The disclosure for this purchase can be found here. Insiders own 5.00% of the company's stock.

Ryman Hospitality Properties Stock Performance

NYSE:RHP traded up $3.52 on Monday, hitting $100.63. The stock had a trading volume of 214,476 shares, compared to its average volume of 617,122. The stock has a market cap of $6.04 billion, a price-to-earnings ratio of 22.88, a price-to-earnings-growth ratio of 2.71 and a beta of 1.55. 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 business's 50-day simple moving average is $90.68 and its two-hundred day simple moving average is $101.55. Ryman Hospitality Properties, Inc. has a 52-week low of $76.27 and a 52-week high of $121.77.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last announced its earnings results on Thursday, May 1st. The real estate investment trust reported $2.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.79 by $0.29. The business had revenue of $587.28 million for the quarter, compared to analysts' expectations of $546.52 million. Ryman Hospitality Properties had a return on equity of 49.23% and a net margin of 11.61%. The business's revenue for the quarter was up 11.2% on a year-over-year basis. During the same period last year, the firm posted $1.60 earnings per share. As a group, research analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current year.

Ryman Hospitality Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.57%. Ryman Hospitality Properties's payout ratio 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.