229,973 Shares in Ryman Hospitality Properties, Inc. (NYSE:RHP) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 229,973 shares of the real estate investment trust’s stock, valued at approximately $23,995,000. Raymond James Financial Inc. owned 0.38% of Ryman Hospitality Properties as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RHP. Principal Financial Group Inc. raised its holdings in shares of 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 in the last quarter. Barclays PLC grew its stake in shares of Ryman Hospitality Properties by 238.2% in the 3rd quarter. Barclays PLC now owns 108,345 shares of the real estate investment trust’s stock valued at $11,619,000 after buying an additional 76,311 shares in the last quarter. Sanctuary Advisors LLC increased its holdings in Ryman Hospitality Properties by 121.1% in the third quarter. Sanctuary Advisors LLC now owns 6,433 shares of the real estate investment trust’s stock worth $744,000 after buying an additional 3,523 shares during the last quarter. Tidal Investments LLC raised its position in Ryman Hospitality Properties by 2.1% during the third quarter. Tidal Investments LLC now owns 7,264 shares of the real estate investment trust’s stock valued at $779,000 after acquiring an additional 152 shares in the last quarter. Finally, Nordea Investment Management AB grew its position in Ryman Hospitality Properties by 4.3% in the fourth quarter. Nordea Investment Management AB now owns 111,201 shares of the real estate investment trust’s stock worth $11,689,000 after acquiring an additional 4,592 shares in the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Trading Up 2.1 %

Shares of RHP stock opened at $85.69 on Friday. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.73 and a current ratio of 1.73. The firm has a fifty day moving average of $93.66 and a 200-day moving average of $103.71. Ryman Hospitality Properties, Inc. has a 52-week low of $76.27 and a 52-week high of $121.77. The stock has a market cap of $5.14 billion, a price-to-earnings ratio of 19.52, a P/E/G ratio of 2.71 and a beta of 1.38.

Ryman Hospitality Properties (NYSE:RHP) last released its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share for the quarter, beating 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 company had revenue of $647.63 million for the quarter, compared to the consensus estimate of $656.01 million. On average, equities research analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $1.15 dividend. The ex-dividend date was Monday, March 31st. This represents a $4.60 annualized dividend and a dividend yield of 5.37%. Ryman Hospitality Properties’s dividend payout ratio is presently 104.78%.

Analyst Ratings Changes

RHP has been the subject of several analyst reports. StockNews.com raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Saturday, March 1st. Truist Financial decreased their price target on shares of Ryman Hospitality Properties from $133.00 to $127.00 and set a “buy” rating for the company in a report on Friday, March 21st. Jefferies Financial Group dropped their price objective on Ryman Hospitality Properties from $118.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, April 9th. Finally, Wells Fargo & Company lowered their target price on Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $119.67.

Insider Buying and Selling

In other news, Chairman Colin V. Reed bought 8,231 shares of the business’s stock in a transaction dated Wednesday, February 26th. The stock was bought at an average price of $97.54 per share, for a total transaction of $802,851.74. Following the completion of the purchase, the chairman now owns 832,260 shares of the company’s stock, valued at approximately $81,178,640.40. The trade was a 1.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alvin L. Bowles, Jr. sold 473 shares of the stock in a transaction that occurred 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 sale, the director now owns 2,675 shares in the company, valued at approximately $259,555.25. This trade represents a 15.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by corporate insiders.

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.