Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Purchased by Avior Wealth Management LLC

Avior Wealth Management LLC increased its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 44.9% during the third quarter, Holdings Channel.com reports. The fund owned 442 shares of the real estate investment trust’s stock after acquiring an additional 137 shares during the quarter. Avior Wealth Management LLC’s holdings in Ryman Hospitality Properties were worth $47,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. grew its holdings in Ryman Hospitality Properties by 41.9% during the third quarter. Principal Financial Group Inc. now owns 3,153,360 shares of the real estate investment trust’s stock worth $338,168,000 after acquiring an additional 931,283 shares during the period. American Century Companies Inc. grew its holdings in Ryman Hospitality Properties by 0.8% during the second quarter. American Century Companies Inc. now owns 1,586,256 shares of the real estate investment trust’s stock worth $158,404,000 after acquiring an additional 12,058 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Ryman Hospitality Properties by 264.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,199,392 shares of the real estate investment trust’s stock valued at $119,771,000 after purchasing an additional 870,081 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Ryman Hospitality Properties by 1.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 820,639 shares of the real estate investment trust’s stock valued at $81,947,000 after purchasing an additional 8,469 shares during the period. Finally, Federated Hermes Inc. boosted its position in shares of Ryman Hospitality Properties by 2.2% in the 2nd quarter. Federated Hermes Inc. now owns 677,315 shares of the real estate investment trust’s stock valued at $67,637,000 after purchasing an additional 14,375 shares during the period. 94.48% of the stock is owned by institutional investors and hedge funds.

Ryman Hospitality Properties Stock Up 1.7 %

Shares of RHP stock opened at $115.71 on Monday. The stock’s 50 day simple moving average is $109.90 and its 200 day simple moving average is $104.42. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.73 and a current ratio of 1.73. Ryman Hospitality Properties, Inc. has a twelve month low of $93.76 and a twelve month high of $122.91. The company has a market capitalization of $6.93 billion, a price-to-earnings ratio of 20.55, a PEG ratio of 2.00 and a beta of 1.65.

Ryman Hospitality Properties (NYSE:RHP) last issued its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.94 earnings per share for the quarter, missing analysts’ consensus estimates 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 period in the previous year, the business posted $1.73 earnings per share. The firm’s revenue was up 4.0% on a year-over-year basis. As a group, research analysts predict that Ryman Hospitality Properties, Inc. will post 8.44 EPS for the current year.

Ryman Hospitality Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.98%. This is an increase from Ryman Hospitality Properties’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Tuesday, December 31st. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 78.15%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Jefferies Financial Group assumed coverage on Ryman Hospitality Properties in a research report on Wednesday, November 6th. They issued a “buy” rating and a $130.00 price target for the company. StockNews.com upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Friday, August 9th. JPMorgan Chase & Co. increased their price target on Ryman Hospitality Properties from $104.00 to $105.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Wells Fargo & Company decreased their price objective on Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating for the company in a research report on Friday, September 13th. Finally, Truist Financial raised their price objective on Ryman Hospitality Properties from $130.00 to $136.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Ryman Hospitality Properties currently has a consensus rating of “Moderate Buy” and an average price target of $126.17.

Insiders Place Their Bets

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 transaction of $144,640.62. Following the sale, the director now directly owns 4,825 shares in the company, valued at approximately $549,953.50. The trade was a 20.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 sale, the director now owns 3,148 shares in the company, valued at approximately $337,843.36. This represents a 22.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.00% of the company’s stock.

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.