Ensign Peak Advisors Inc Purchases 7,255 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Ensign Peak Advisors Inc raised its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 19.3% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 44,751 shares of the real estate investment trust’s stock after purchasing an additional 7,255 shares during the quarter. Ensign Peak Advisors Inc owned 0.07% of Ryman Hospitality Properties worth $4,469,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of RHP. Fifth Third Bancorp grew its holdings in shares of Ryman Hospitality Properties by 347.6% during the second quarter. Fifth Third Bancorp now owns 282 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 219 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of Ryman Hospitality Properties by 6,550.0% in the 4th quarter. Parallel Advisors LLC now owns 266 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 262 shares in the last quarter. SYSTM Wealth Solutions LLC bought a new stake in shares of Ryman Hospitality Properties in the 2nd quarter worth $32,000. Quest Partners LLC raised its stake in shares of Ryman Hospitality Properties by 8,450.0% in the second quarter. Quest Partners LLC now owns 342 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 338 shares during the last quarter. Finally, Larson Financial Group LLC bought a new position in shares of Ryman Hospitality Properties during the first quarter valued at $35,000. 94.48% of the stock is currently owned by institutional investors.

Ryman Hospitality Properties Trading Down 1.2 %

Shares of RHP stock opened at $108.97 on Friday. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 5.96. The stock has a market capitalization of $6.53 billion, a price-to-earnings ratio of 22.56, a price-to-earnings-growth ratio of 2.34 and a beta of 1.66. Ryman Hospitality Properties, Inc. has a 12-month low of $79.86 and a 12-month high of $122.91. The stock’s 50-day moving average price is $102.15 and its 200-day moving average price is $104.85.

Ryman Hospitality Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a dividend of $1.10 per share. The ex-dividend date is Monday, September 30th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.04%. Ryman Hospitality Properties’s dividend payout ratio is currently 91.10%.

Insider Activity

In related news, Director Alvin L. Bowles, Jr. sold 900 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $107.32, for a total transaction of $96,588.00. Following the sale, the director now owns 3,148 shares of the company’s stock, valued at $337,843.36. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Chairman Colin V. Reed acquired 8,077 shares of the stock in a transaction dated Tuesday, August 6th. The stock was acquired at an average cost of $97.78 per share, with a total value of $789,769.06. Following the purchase, the chairman now directly owns 827,220 shares of the company’s stock, valued at $80,885,571.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Alvin L. Bowles, Jr. sold 900 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $107.32, for a total value of $96,588.00. Following the transaction, the director now directly owns 3,148 shares in the company, valued at approximately $337,843.36. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company’s stock.

Analyst Ratings Changes

RHP has been the subject of several research analyst reports. Wells Fargo & Company reduced their price objective on Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating for the company in a report on Friday, September 13th. StockNews.com raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Friday, August 9th. JPMorgan Chase & Co. raised their target price on shares of Ryman Hospitality Properties from $104.00 to $105.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Finally, Truist Financial decreased their target price on shares of 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. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $116.14.

Ryman Hospitality Properties Profile

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.