Tidal Investments LLC Has $963,000 Holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Tidal Investments LLC boosted its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 27.1% in the fourth quarter, Holdings Channel reports. The firm owned 9,233 shares of the real estate investment trust’s stock after purchasing an additional 1,969 shares during the quarter. Tidal Investments LLC’s holdings in Ryman Hospitality Properties were worth $963,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Heck Capital Advisors LLC acquired a new position in Ryman Hospitality Properties during the fourth quarter worth about $31,000. Harvest Fund Management Co. Ltd acquired a new position in Ryman Hospitality Properties during the fourth quarter worth about $72,000. Venturi Wealth Management LLC acquired a new position in Ryman Hospitality Properties during the fourth quarter worth about $83,000. Covestor Ltd raised its stake in Ryman Hospitality Properties by 33.3% during the fourth quarter. Covestor Ltd now owns 829 shares of the real estate investment trust’s stock worth $87,000 after acquiring an additional 207 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in Ryman Hospitality Properties by 23.4% during the fourth quarter. Blue Trust Inc. now owns 845 shares of the real estate investment trust’s stock worth $91,000 after acquiring an additional 160 shares in the last quarter. Institutional investors and hedge funds own 94.48% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on RHP. Truist Financial lowered their target price on Ryman Hospitality Properties from $133.00 to $127.00 and set a “buy” rating for the company in a research note on Friday, March 21st. Evercore ISI lowered their target price on Ryman Hospitality Properties from $130.00 to $120.00 and set an “outperform” rating for the company in a research note on Monday, April 28th. Wells Fargo & Company reissued an “overweight” rating and set a $101.00 target price (up previously from $99.00) on shares of Ryman Hospitality Properties in a research note on Thursday. Wedbush set a $110.00 target price on Ryman Hospitality Properties and gave the stock an “outperform” rating in a research note on Tuesday, May 6th. Finally, Wall Street Zen raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Saturday, March 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Ryman Hospitality Properties has an average rating of “Moderate Buy” and a consensus target price of $113.00.

Insider Buying and Selling at Ryman Hospitality Properties

In other news, Director Alvin L. Bowles, Jr. sold 473 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $97.03, for a total transaction of $45,895.19. Following the completion of the sale, the director now owns 2,675 shares of the company’s stock, valued at $259,555.25. This trade represents a 15.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Colin V. Reed acquired 8,231 shares of Ryman Hospitality Properties stock in a transaction dated Wednesday, February 26th. The shares were bought at an average cost of $97.54 per share, with a total value of $802,851.74. Following the transaction, the chairman now owns 832,260 shares in the company, valued at approximately $81,178,640.40. This trade represents a 1.00% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 5.00% of the company’s stock.

Ryman Hospitality Properties Stock Performance

Ryman Hospitality Properties stock opened at $94.38 on Monday. The business has a 50 day moving average of $90.87 and a 200-day moving average of $100.75. Ryman Hospitality Properties, Inc. has a 1 year low of $76.27 and a 1 year high of $121.77. 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 company has a market capitalization of $5.66 billion, a P/E ratio of 21.50, a P/E/G ratio of 2.71 and a beta of 1.55.

Ryman Hospitality Properties (NYSE:RHP) last released its earnings results on Thursday, May 1st. The real estate investment trust reported $2.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.79 by $0.29. The business had revenue of $587.28 million during the quarter, compared to the consensus estimate of $546.52 million. Ryman Hospitality Properties had a net margin of 11.61% and a return on equity of 49.23%. The company’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.60 EPS. On average, equities research analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current year.

Ryman Hospitality Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 4.87%. The ex-dividend date is Monday, June 30th. Ryman Hospitality Properties’s dividend payout ratio is presently 97.46%.

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.