Raymond James Financial Services Advisors Inc. grew its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP – Free Report) by 1.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,460 shares of the real estate investment trust’s stock after buying an additional 638 shares during the period. Raymond James Financial Services Advisors Inc. owned 0.06% of Ryman Hospitality Properties worth $3,481,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. KB Financial Partners LLC bought a new stake in Ryman Hospitality Properties in the first quarter worth $25,000. Lazard Asset Management LLC increased its position in Ryman Hospitality Properties by 667.4% in the first quarter. Lazard Asset Management LLC now owns 330 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 287 shares during the last quarter. Lindbrook Capital LLC increased its position in Ryman Hospitality Properties by 561.1% in the first quarter. Lindbrook Capital LLC now owns 357 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 303 shares during the last quarter. Quarry LP increased its position in Ryman Hospitality Properties by 110.8% in the first quarter. Quarry LP now owns 430 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 226 shares during the last quarter. Finally, Rockefeller Capital Management L.P. increased its position in Ryman Hospitality Properties by 118.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 517 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 280 shares during the last quarter. Institutional investors own 91.23% of the company’s stock.
Analysts Set New Price Targets
RHP has been the topic of a number of analyst reports. Wolfe Research initiated coverage on shares of Ryman Hospitality Properties in a research report on Wednesday, September 27th. They set an “outperform” rating and a $98.00 price objective on the stock. StockNews.com initiated coverage on shares of Ryman Hospitality Properties in a research report on Thursday, October 5th. They set a “sell” rating on the stock. JPMorgan Chase & Co. cut their price objective on shares of Ryman Hospitality Properties from $93.00 to $88.00 and set an “underweight” rating on the stock in a research report on Monday, August 7th. Truist Financial boosted their price objective on shares of Ryman Hospitality Properties from $119.00 to $123.00 and gave the company a “buy” rating in a research report on Friday, September 15th. Finally, Wedbush initiated coverage on shares of Ryman Hospitality Properties in a research report on Tuesday, October 3rd. They set an “outperform” rating and a $94.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $105.57.
Insider Buying and Selling
In other Ryman Hospitality Properties news, Director William E. Haslam acquired 11,507 shares of the stock in a transaction that occurred on Monday, August 14th. The stock was bought at an average cost of $86.90 per share, with a total value of $999,958.30. Following the completion of the purchase, the director now directly owns 11,507 shares in the company, valued at $999,958.30. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Alvin L. Bowles, Jr. sold 1,384 shares of the company’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $85.13, for a total value of $117,819.92. Following the completion of the sale, the director now directly owns 1,994 shares of the company’s stock, valued at $169,749.22. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director William E. Haslam purchased 11,507 shares of the firm’s stock in a transaction on Monday, August 14th. The shares were purchased at an average cost of $86.90 per share, with a total value of $999,958.30. Following the completion of the transaction, the director now owns 11,507 shares of the company’s stock, valued at approximately $999,958.30. The disclosure for this purchase can be found here. 3.30% of the stock is owned by insiders.
Ryman Hospitality Properties Stock Down 1.1 %
Shares of RHP opened at $84.28 on Friday. The firm has a market capitalization of $5.03 billion, a P/E ratio of 21.12, a P/E/G ratio of 3.50 and a beta of 1.55. Ryman Hospitality Properties, Inc. has a 12-month low of $77.18 and a 12-month high of $98.60. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 6.78. The firm has a fifty day moving average price of $84.65 and a 200-day moving average price of $89.70.
Ryman Hospitality Properties Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 29th were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date was Thursday, September 28th. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 100.25%.
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 ten largest non-gaming convention center hotels in the United States based on total indoor meeting space.
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