Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 3,800.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 292,410 shares of the real estate investment trust’s stock after acquiring an additional 284,913 shares during the quarter. Victory Capital Management Inc.’s holdings in Ryman Hospitality Properties were worth $31,358,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Ryman Hospitality Properties by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 8,470,274 shares of the real estate investment trust’s stock worth $979,248,000 after buying an additional 226,547 shares in the last quarter. Principal Financial Group Inc. raised its position in Ryman Hospitality Properties by 41.9% in 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. American Century Companies Inc. lifted its holdings in Ryman Hospitality Properties by 0.8% in the second quarter. American Century Companies Inc. now owns 1,586,256 shares of the real estate investment trust’s stock valued at $158,404,000 after acquiring an additional 12,058 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Ryman Hospitality Properties by 264.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,199,392 shares of the real estate investment trust’s stock worth $119,771,000 after purchasing an additional 870,081 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Ryman Hospitality Properties by 1.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 820,639 shares of the real estate investment trust’s stock worth $81,947,000 after purchasing an additional 8,469 shares during the period. 94.48% of the stock is owned by hedge funds and other institutional investors.

Ryman Hospitality Properties Trading Down 0.7 %

Shares of Ryman Hospitality Properties stock opened at $111.41 on Friday. Ryman Hospitality Properties, Inc. has a 1 year low of $93.76 and a 1 year high of $122.91. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.73. The business has a 50 day moving average price of $108.64 and a 200 day moving average price of $104.17. The company has a market capitalization of $6.67 billion, a P/E ratio of 19.79, a P/E/G ratio of 1.99 and a beta of 1.65.

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

Ryman Hospitality Properties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $1.15 per share. This is a boost from Ryman Hospitality Properties’s previous quarterly dividend of $1.10. This represents a $4.60 annualized dividend and a dividend yield of 4.13%. The ex-dividend date is Tuesday, December 31st. Ryman Hospitality Properties’s dividend payout ratio (DPR) is currently 81.71%.

Insider Transactions at Ryman Hospitality Properties

In other news, Director Alvin L. Bowles, Jr. sold 900 shares of the firm’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $107.32, for a total transaction of $96,588.00. Following the sale, the director now owns 3,148 shares in the company, valued at $337,843.36. This trade represents a 22.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Fazal F. Merchant sold 1,269 shares of the company’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $113.98, for a total value of $144,640.62. Following the completion of the transaction, the director now owns 4,825 shares of the company’s stock, valued at $549,953.50. The trade was a 20.82 % 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.

Analysts Set New Price Targets

A number of research firms recently commented on RHP. Wells Fargo & Company decreased 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 report on Friday, September 13th. Jefferies Financial Group initiated coverage on Ryman Hospitality Properties in a research note on Wednesday, November 6th. They set a “buy” rating and a $130.00 price target on the stock. StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Friday, August 9th. Finally, JPMorgan Chase & Co. boosted their target price on Ryman Hospitality Properties from $104.00 to $105.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Ryman Hospitality Properties presently has an average rating of “Moderate Buy” and a consensus target price of $125.17.

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.