Versor Investments LP Raises Stock Holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Versor Investments LP raised its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 34.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,088 shares of the real estate investment trust’s stock after purchasing an additional 787 shares during the quarter. Versor Investments LP’s holdings in Ryman Hospitality Properties were worth $322,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Creative Planning boosted its holdings in shares of Ryman Hospitality Properties by 6.4% during the third quarter. Creative Planning now owns 5,350 shares of the real estate investment trust’s stock worth $574,000 after purchasing an additional 323 shares during the period. Raymond James & Associates lifted its holdings in Ryman Hospitality Properties by 34.3% in the 3rd quarter. Raymond James & Associates now owns 25,679 shares of the real estate investment trust’s stock worth $2,754,000 after buying an additional 6,563 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in Ryman Hospitality Properties by 35.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,208 shares of the real estate investment trust’s stock worth $241,000 after acquiring an additional 574 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in Ryman Hospitality Properties by 16.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 5,496 shares of the real estate investment trust’s stock valued at $589,000 after acquiring an additional 795 shares in the last quarter. Finally, abrdn plc increased its position in Ryman Hospitality Properties by 8.7% during the 3rd quarter. abrdn plc now owns 12,111 shares of the real estate investment trust’s stock valued at $1,299,000 after purchasing an additional 971 shares during the period. Institutional investors own 94.48% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on RHP shares. StockNews.com raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Saturday. BMO Capital Markets initiated coverage on shares of Ryman Hospitality Properties in a report on Monday, December 9th. They issued an “outperform” rating and a $133.00 price objective for the company. Truist Financial reaffirmed a “buy” rating and set a $133.00 price objective (down from $136.00) on shares of Ryman Hospitality Properties in a research report on Tuesday, February 25th. Wells Fargo & Company lowered their target price on Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating for the company in a research note on Tuesday, February 18th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and set a $100.00 price target on shares of Ryman Hospitality Properties in a research report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Ryman Hospitality Properties currently has an average rating of “Moderate Buy” and an average price target of $125.67.

Insider Transactions at Ryman Hospitality Properties

In related news, Director Alvin L. Bowles, Jr. sold 473 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $97.03, for a total transaction of $45,895.19. Following the sale, the director now directly owns 2,675 shares of the company’s stock, valued at approximately $259,555.25. This represents a 15.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Colin V. Reed acquired 8,231 shares of Ryman Hospitality Properties stock in a transaction on Wednesday, February 26th. The shares were purchased at an average price of $97.54 per share, with a total value of $802,851.74. Following the completion of the purchase, the chairman now owns 832,260 shares in the company, valued at $81,178,640.40. This represents a 1.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 3.00% of the company’s stock.

Ryman Hospitality Properties Trading Down 0.7 %

NYSE:RHP opened at $98.16 on Tuesday. The firm has a market capitalization of $5.88 billion, a P/E ratio of 22.36, a PEG ratio of 2.71 and a beta of 1.67. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.73. Ryman Hospitality Properties, Inc. has a one year low of $93.76 and a one year high of $121.77. The company’s 50-day simple moving average is $103.12 and its 200 day simple moving average is $106.94.

Ryman Hospitality Properties (NYSE:RHP) last issued its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.94. The firm had revenue of $647.63 million for the quarter, compared to analysts’ expectations of $656.01 million. Ryman Hospitality Properties had a return on equity of 49.23% and a net margin of 11.61%. As a group, analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $1.15 dividend. The ex-dividend date is Monday, March 31st. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.69%. Ryman Hospitality Properties’s dividend payout ratio is currently 104.78%.

Ryman Hospitality Properties Company 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.