Landscape Capital Management L.L.C. Makes New $656,000 Investment in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Landscape Capital Management L.L.C. purchased a new stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) in the fourth quarter, Holdings Channel.com reports. The fund purchased 6,285 shares of the real estate investment trust’s stock, valued at approximately $656,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its stake in shares of Ryman Hospitality Properties by 41.9% during the 3rd 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 in the last quarter. Captrust Financial Advisors grew its holdings in Ryman Hospitality Properties by 4.2% in the third quarter. Captrust Financial Advisors now owns 5,283 shares of the real estate investment trust’s stock valued at $567,000 after purchasing an additional 213 shares during the last quarter. Verition Fund Management LLC purchased a new position in shares of Ryman Hospitality Properties in the third quarter valued at $855,000. Janus Henderson Group PLC raised its stake in shares of Ryman Hospitality Properties by 30.5% during the 3rd quarter. Janus Henderson Group PLC now owns 48,061 shares of the real estate investment trust’s stock worth $5,150,000 after buying an additional 11,228 shares during the last quarter. Finally, Quarry LP purchased a new stake in shares of Ryman Hospitality Properties in the 3rd quarter worth about $28,000. Institutional investors and hedge funds own 94.48% of the company’s stock.

Insiders Place Their Bets

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

Ryman Hospitality Properties Trading Down 1.3 %

Shares of Ryman Hospitality Properties stock opened at $84.84 on Monday. The firm has a market cap of $5.08 billion, a PE ratio of 19.33, a P/E/G ratio of 2.71 and a beta of 1.38. The business’s fifty day moving average is $98.59 and its two-hundred day moving average is $105.74. Ryman Hospitality Properties, Inc. has a fifty-two week low of $80.47 and a fifty-two week high of $121.77. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 6.07.

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

Ryman Hospitality Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 5.42%. The ex-dividend date of this dividend is Monday, March 31st. Ryman Hospitality Properties’s dividend payout ratio (DPR) is 104.78%.

Analyst Ratings Changes

RHP has been the subject of several recent research reports. StockNews.com upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Saturday, March 1st. JPMorgan Chase & Co. restated an “underweight” rating and set a $100.00 price objective on shares of Ryman Hospitality Properties in a research report on Friday, December 13th. Truist Financial lowered their target price on Ryman Hospitality Properties from $133.00 to $127.00 and set a “buy” rating on the stock in a report on Friday, March 21st. BMO Capital Markets started coverage on Ryman Hospitality Properties in a report on Monday, December 9th. They issued an “outperform” rating and a $133.00 price target for the company. Finally, Wells Fargo & Company decreased their price objective on Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $124.67.

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.