Quest Partners LLC Grows Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Quest Partners LLC raised its position in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 8,450.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 342 shares of the real estate investment trust’s stock after purchasing an additional 338 shares during the quarter. Quest Partners LLC’s holdings in Ryman Hospitality Properties were worth $34,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of RHP. Principal Financial Group Inc. raised its holdings in shares of Ryman Hospitality Properties by 194.0% in the 2nd quarter. Principal Financial Group Inc. now owns 2,222,077 shares of the real estate investment trust’s stock worth $221,896,000 after purchasing an additional 1,466,220 shares during the period. Norges Bank purchased a new position in shares of Ryman Hospitality Properties in the 4th quarter worth about $57,580,000. Vanguard Group Inc. raised its holdings in shares of Ryman Hospitality Properties by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 8,470,274 shares of the real estate investment trust’s stock worth $979,248,000 after purchasing an additional 226,547 shares during the period. Heitman Real Estate Securities LLC raised its holdings in shares of Ryman Hospitality Properties by 46.0% in the 4th quarter. Heitman Real Estate Securities LLC now owns 611,992 shares of the real estate investment trust’s stock worth $67,356,000 after purchasing an additional 192,962 shares during the period. Finally, South Street Advisors LLC purchased a new position in shares of Ryman Hospitality Properties in the 1st quarter worth about $11,574,000. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on RHP shares. StockNews.com upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Friday, August 9th. JPMorgan Chase & Co. increased their target price on Ryman Hospitality Properties from $104.00 to $105.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Truist Financial lowered their target price on Ryman Hospitality Properties from $135.00 to $130.00 and set a “buy” rating for the company in a research note on Thursday, May 30th. Finally, Wells Fargo & Company lowered their target price on Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating for the company in a research note on Friday, September 13th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $116.14.

Ryman Hospitality Properties Price Performance

Shares of NYSE RHP opened at $108.83 on Friday. Ryman Hospitality Properties, Inc. has a fifty-two week low of $79.86 and a fifty-two week high of $122.91. The business has a 50 day moving average price of $101.46 and a two-hundred day moving average price of $105.11. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 5.96. The firm has a market cap of $6.52 billion, a PE ratio of 22.53, a price-to-earnings-growth ratio of 2.11 and a beta of 1.66.

Ryman Hospitality Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $4.40 dividend on an annualized basis and a yield of 4.04%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 91.10%.

Insider Buying and Selling at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Chairman Colin V. Reed acquired 8,077 shares of the stock in a transaction on Tuesday, August 6th. The stock was purchased at an average price of $97.78 per share, for a total transaction of $789,769.06. Following the purchase, the chairman now directly owns 827,220 shares in the company, valued at $80,885,571.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.00% of the stock is owned by 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.