Taylor Frigon Capital Management LLC Invests $1.63 Million in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Taylor Frigon Capital Management LLC acquired a new stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 15,168 shares of the real estate investment trust’s stock, valued at approximately $1,627,000.

A number of other large investors also recently bought and sold shares of the stock. PNC Financial Services Group Inc. lifted its holdings in shares of Ryman Hospitality Properties by 4.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,383 shares of the real estate investment trust’s stock worth $372,000 after acquiring an additional 137 shares during the last quarter. Harbour Capital Advisors LLC lifted its stake in Ryman Hospitality Properties by 1.8% during the first quarter. Harbour Capital Advisors LLC now owns 13,686 shares of the real estate investment trust’s stock worth $1,554,000 after purchasing an additional 246 shares in the last quarter. Diversified Trust Co boosted its position in shares of Ryman Hospitality Properties by 7.0% during the first quarter. Diversified Trust Co now owns 7,288 shares of the real estate investment trust’s stock worth $843,000 after buying an additional 479 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of Ryman Hospitality Properties by 9.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 5,255 shares of the real estate investment trust’s stock valued at $608,000 after buying an additional 451 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its holdings in shares of Ryman Hospitality Properties by 0.6% in the 1st quarter. State of Alaska Department of Revenue now owns 27,611 shares of the real estate investment trust’s stock valued at $3,191,000 after buying an additional 174 shares during the period. Institutional investors and hedge funds own 94.48% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on RHP. StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Friday, August 9th. JPMorgan Chase & Co. raised their price objective on shares of Ryman Hospitality Properties from $104.00 to $105.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Finally, Wells Fargo & Company cut their target price on shares of Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating on the stock in a research note on Friday, September 13th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $124.20.

Insider Buying and Selling

In other Ryman Hospitality Properties news, Director Alvin L. Bowles, Jr. sold 900 shares of the 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 $337,843.36. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Ryman Hospitality Properties 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 value of $96,588.00. Following the completion of the transaction, the director now owns 3,148 shares in the company, valued at $337,843.36. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Colin V. Reed bought 8,077 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were purchased at an average price of $97.78 per share, for a total transaction of $789,769.06. Following the transaction, the chairman now directly owns 827,220 shares of the company’s stock, valued at approximately $80,885,571.60. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 3.00% of the stock is owned by company insiders.

Ryman Hospitality Properties Stock Up 1.5 %

Shares of Ryman Hospitality Properties stock traded up $1.60 on Thursday, reaching $107.36. 112,810 shares of the company were exchanged, compared to its average volume of 448,789. The company has a debt-to-equity ratio of 5.96, a current ratio of 1.92 and a quick ratio of 1.92. Ryman Hospitality Properties, Inc. has a 1-year low of $81.90 and a 1-year high of $122.91. The company has a market cap of $6.43 billion, a P/E ratio of 21.90, a price-to-earnings-growth ratio of 2.36 and a beta of 1.66. The stock’s 50 day moving average price is $105.77 and its 200-day moving average price is $103.96.

Ryman Hospitality Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date was Monday, September 30th. Ryman Hospitality Properties’s dividend payout ratio (DPR) is 91.10%.

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.