35,000 Shares in Ryman Hospitality Properties, Inc. (NYSE:RHP) Acquired by Waterfront Capital Partners LLC

Waterfront Capital Partners LLC bought a new position in Ryman Hospitality Properties, Inc. (NYSE:RHP) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 35,000 shares of the real estate investment trust’s stock, valued at approximately $3,753,000.

Several other institutional investors and hedge funds have also bought and sold shares of RHP. Price T Rowe Associates Inc. MD lifted its stake in Ryman Hospitality Properties by 6.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 35,926 shares of the real estate investment trust’s stock worth $4,154,000 after purchasing an additional 2,144 shares in the last quarter. Janus Henderson Group PLC lifted its stake in Ryman Hospitality Properties by 12.3% in the 1st quarter. Janus Henderson Group PLC now owns 31,261 shares of the real estate investment trust’s stock worth $3,614,000 after purchasing an additional 3,431 shares in the last quarter. Tidal Investments LLC lifted its stake in Ryman Hospitality Properties by 33.6% in the 1st quarter. Tidal Investments LLC now owns 2,646 shares of the real estate investment trust’s stock worth $306,000 after purchasing an additional 666 shares in the last quarter. LRI Investments LLC purchased a new stake in shares of Ryman Hospitality Properties during the 1st quarter valued at $115,000. Finally, Harbor Capital Advisors Inc. raised its position in shares of Ryman Hospitality Properties by 378.7% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 21,329 shares of the real estate investment trust’s stock valued at $2,130,000 after buying an additional 16,873 shares in the last quarter. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Ryman Hospitality Properties Price Performance

Shares of Ryman Hospitality Properties stock opened at $116.72 on Friday. The firm has a market cap of $6.99 billion, a PE ratio of 20.73, a price-to-earnings-growth ratio of 2.94 and a beta of 1.65. Ryman Hospitality Properties, Inc. has a 12-month low of $93.76 and a 12-month high of $122.91. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 6.07. The company’s fifty day simple moving average is $110.93 and its two-hundred day simple moving average is $104.76.

Ryman Hospitality Properties (NYSE:RHP) last announced its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.83 by ($0.89). The firm had revenue of $549.90 million during the quarter, compared to the consensus estimate of $545.93 million. Ryman Hospitality Properties had a return on equity of 61.94% and a net margin of 14.84%. Ryman Hospitality Properties’s revenue was up 4.0% on a year-over-year basis. During the same period last year, the business earned $1.73 EPS. As a group, equities analysts expect that Ryman Hospitality Properties, Inc. will post 8.44 EPS for the current year.

Ryman Hospitality Properties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $1.15 per share. This is a positive change from Ryman Hospitality Properties’s previous quarterly dividend of $1.10. The ex-dividend date is Tuesday, December 31st. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.94%. Ryman Hospitality Properties’s payout ratio is presently 78.15%.

Insider Activity

In related news, Director Fazal F. Merchant sold 1,269 shares of Ryman Hospitality Properties stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $113.98, for a total transaction of $144,640.62. Following the completion of the transaction, the director now directly owns 4,825 shares of the company’s stock, valued at $549,953.50. This trade represents a 20.82 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Alvin L. Bowles, Jr. sold 900 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $107.32, for a total transaction of $96,588.00. Following the transaction, the director now directly owns 3,148 shares of the company’s stock, valued at $337,843.36. The trade was a 22.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.00% of the company’s stock.

Wall Street Analyst Weigh In

RHP has been the topic of several research reports. Wells Fargo & Company lowered their price objective on shares of Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating on the stock in a research report on Friday, September 13th. StockNews.com upgraded shares of 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 report on Friday, August 2nd. Truist Financial increased their target price on shares of Ryman Hospitality Properties from $130.00 to $136.00 and gave the company a “buy” rating in a report on Monday, November 18th. Finally, Jefferies Financial Group assumed coverage on shares of Ryman Hospitality Properties in a report on Wednesday, November 6th. They set a “buy” rating and a $130.00 target price on the stock. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $126.17.

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.