Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Purchased by Capstone Investment Advisors LLC

Capstone Investment Advisors LLC increased its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHPFree Report) by 66.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 25,000 shares of the real estate investment trust’s stock after buying an additional 10,000 shares during the period. Capstone Investment Advisors LLC’s holdings in Ryman Hospitality Properties were worth $2,752,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Xponance Inc. raised its holdings in Ryman Hospitality Properties by 2.6% during the 4th quarter. Xponance Inc. now owns 3,531 shares of the real estate investment trust’s stock worth $389,000 after buying an additional 91 shares during the period. Harbour Capital Advisors LLC raised its stake in Ryman Hospitality Properties by 0.9% during the 4th quarter. Harbour Capital Advisors LLC now owns 13,440 shares of the real estate investment trust’s stock valued at $1,482,000 after purchasing an additional 115 shares during the period. PNC Financial Services Group Inc. raised its stake in Ryman Hospitality Properties by 4.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,383 shares of the real estate investment trust’s stock valued at $372,000 after purchasing an additional 137 shares during the period. Covestor Ltd raised its position in Ryman Hospitality Properties by 15.5% during the third quarter. Covestor Ltd now owns 1,218 shares of the real estate investment trust’s stock valued at $101,000 after buying an additional 163 shares during the period. Finally, US Bancorp DE grew its stake in Ryman Hospitality Properties by 3.5% during the 4th quarter. US Bancorp DE now owns 6,082 shares of the real estate investment trust’s stock valued at $669,000 after acquiring an additional 204 shares in the last quarter. Institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Stock Performance

Shares of RHP stock traded down $1.16 on Wednesday, reaching $103.51. The stock had a trading volume of 447,778 shares, compared to its average volume of 441,399. Ryman Hospitality Properties, Inc. has a 1 year low of $79.86 and a 1 year high of $122.91. The company has a 50 day simple moving average of $109.11 and a 200 day simple moving average of $109.87. The company has a debt-to-equity ratio of 6.33, a quick ratio of 1.99 and a current ratio of 1.99. The stock has a market cap of $6.20 billion, a P/E ratio of 21.43, a price-to-earnings-growth ratio of 2.19 and a beta of 1.59.

Ryman Hospitality Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 4.25%. The ex-dividend date is Friday, June 28th. Ryman Hospitality Properties’s dividend payout ratio is currently 91.10%.

Insider Transactions at Ryman Hospitality Properties

In related news, COO Patrick S. Chaffin sold 16,189 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $119.74, for a total value of $1,938,470.86. Following the sale, the chief operating officer now directly owns 17,618 shares of the company’s stock, valued at approximately $2,109,579.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Chairman Colin V. Reed bought 13,800 shares of the company’s stock in a transaction dated Tuesday, May 7th. The shares were acquired at an average price of $106.40 per share, with a total value of $1,468,320.00. Following the completion of the acquisition, the chairman now owns 819,143 shares in the company, valued at approximately $87,156,815.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, COO Patrick S. Chaffin sold 16,189 shares of Ryman Hospitality Properties stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $119.74, for a total value of $1,938,470.86. Following the completion of the sale, the chief operating officer now owns 17,618 shares in the company, valued at $2,109,579.32. The disclosure for this sale can be found here. Insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on RHP shares. Raymond James increased their price objective on Ryman Hospitality Properties from $115.00 to $135.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Truist Financial lifted their price objective on Ryman Hospitality Properties from $134.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Wells Fargo & Company boosted their target price on Ryman Hospitality Properties from $125.00 to $133.00 and gave the stock an “overweight” rating in a report on Thursday, March 21st. StockNews.com lowered shares of Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a report on Wednesday, May 22nd. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Ryman Hospitality Properties from $141.00 to $136.00 and set a “buy” rating for the company in a report on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $119.00.

Check Out Our Latest Report on RHP

About Ryman Hospitality Properties

(Free Report)

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.

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Institutional Ownership by Quarter for Ryman Hospitality Properties (NYSE:RHP)

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