Heck Capital Advisors LLC Makes New $31,000 Investment in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Heck Capital Advisors LLC acquired a new position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 300 shares of the real estate investment trust’s stock, valued at approximately $31,000.

Several other large investors have also made changes to their positions in RHP. The Manufacturers Life Insurance Company lifted its position in shares of Ryman Hospitality Properties by 1.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 41,488 shares of the real estate investment trust’s stock worth $4,143,000 after purchasing an additional 500 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Ryman Hospitality Properties during the 2nd quarter worth about $312,000. SG Americas Securities LLC acquired a new position in shares of Ryman Hospitality Properties during the 3rd quarter worth about $640,000. GAMMA Investing LLC lifted its position in shares of Ryman Hospitality Properties by 34.6% during the 3rd quarter. GAMMA Investing LLC now owns 401 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 103 shares during the last quarter. Finally, Reinhart Partners LLC. lifted its position in shares of Ryman Hospitality Properties by 55.5% during the 3rd quarter. Reinhart Partners LLC. now owns 383,026 shares of the real estate investment trust’s stock worth $41,076,000 after purchasing an additional 136,756 shares during the last quarter. Institutional investors and hedge funds own 94.48% of the company’s stock.

Analysts Set New Price Targets

RHP has been the subject of several research analyst reports. JPMorgan Chase & Co. reissued an “underweight” rating and set a $100.00 price objective on shares of Ryman Hospitality Properties in a research report on Friday, December 13th. BMO Capital Markets began coverage on Ryman Hospitality Properties in a research note on Monday, December 9th. They set an “outperform” rating and a $133.00 price target on the stock. Jefferies Financial Group began coverage on Ryman Hospitality Properties in a research note on Wednesday, November 6th. They set a “buy” rating and a $130.00 price target on the stock. Truist Financial boosted their price target on Ryman Hospitality Properties from $130.00 to $136.00 and gave the company a “buy” rating in a research note on Monday, November 18th. Finally, Wells Fargo & Company boosted their price target on Ryman Hospitality Properties from $124.00 to $130.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $127.50.

Ryman Hospitality Properties Trading Down 1.0 %

RHP stock opened at $103.84 on Tuesday. Ryman Hospitality Properties, Inc. has a 1-year low of $93.76 and a 1-year high of $122.91. The firm has a market cap of $6.22 billion, a P/E ratio of 18.44, a P/E/G ratio of 2.50 and a beta of 1.67. The business’s 50 day moving average is $108.51 and its 200-day moving average is $106.78. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 6.07.

Ryman Hospitality Properties (NYSE:RHP) last released its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.94 earnings per share for the quarter, missing the consensus estimate of $1.83 by ($0.89). Ryman Hospitality Properties had a net margin of 14.84% and a return on equity of 61.94%. The company had revenue of $549.90 million during the quarter, compared to the consensus estimate of $545.93 million. During the same quarter in the prior year, the company posted $1.73 earnings per share. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. Equities analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.48 earnings per share for the current fiscal year.

Insider Transactions at Ryman Hospitality Properties

In other news, Director Fazal F. Merchant sold 1,269 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $113.98, for a total value of $144,640.62. Following the transaction, the director now directly owns 4,825 shares of the company’s stock, valued at $549,953.50. The trade was a 20.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.00% of the stock is owned by company insiders.

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.