American Century Companies Inc. Raises Stock Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

American Century Companies Inc. lifted its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 0.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,300,907 shares of the real estate investment trust’s stock after buying an additional 2,333 shares during the period. American Century Companies Inc.’s holdings in Ryman Hospitality Properties were worth $135,737,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Victory Capital Management Inc. lifted its stake in Ryman Hospitality Properties by 87.3% in the fourth quarter. Victory Capital Management Inc. now owns 547,639 shares of the real estate investment trust’s stock valued at $57,141,000 after buying an additional 255,229 shares during the last quarter. Citigroup Inc. increased its holdings in shares of Ryman Hospitality Properties by 72.9% in the 3rd quarter. Citigroup Inc. now owns 54,239 shares of the real estate investment trust’s stock valued at $5,817,000 after acquiring an additional 22,871 shares during the period. Paradigm Asset Management Co. LLC purchased a new stake in Ryman Hospitality Properties in the 4th quarter valued at $741,000. Van ECK Associates Corp boosted its stake in Ryman Hospitality Properties by 10.2% during the 4th quarter. Van ECK Associates Corp now owns 11,109 shares of the real estate investment trust’s stock worth $1,159,000 after purchasing an additional 1,029 shares during the period. Finally, Quantinno Capital Management LP purchased a new position in Ryman Hospitality Properties during the 3rd quarter worth $488,000. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Ryman Hospitality Properties Stock Down 1.1 %

RHP opened at $94.59 on Monday. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.73. Ryman Hospitality Properties, Inc. has a 12 month low of $92.04 and a 12 month high of $121.77. The stock has a market capitalization of $5.67 billion, a P/E ratio of 21.55, a P/E/G ratio of 2.71 and a beta of 1.65. The business has a 50 day simple moving average of $100.86 and a 200-day simple moving average of $106.36.

Ryman Hospitality Properties (NYSE:RHP) last released its earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.94. The company had revenue of $647.63 million during the quarter, compared to the consensus estimate of $656.01 million. Ryman Hospitality Properties had a return on equity of 49.23% and a net margin of 11.61%. On average, equities analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 4.86%. The ex-dividend date is Monday, March 31st. Ryman Hospitality Properties’s dividend payout ratio is currently 104.78%.

Insiders Place Their Bets

In related news, Director Alvin L. Bowles, Jr. sold 473 shares of the company’s 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 $259,555.25. This represents a 15.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Colin V. Reed acquired 8,231 shares of Ryman Hospitality Properties stock in a transaction that occurred on Wednesday, February 26th. The shares were purchased at an average cost of $97.54 per share, with a total value of $802,851.74. Following the completion of the acquisition, the chairman now owns 832,260 shares of the company’s stock, valued at $81,178,640.40. The trade was a 1.00 % increase in their position. The disclosure for this purchase can be found here. 3.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

RHP has been the subject of a number of research reports. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $100.00 target price on shares of Ryman Hospitality Properties in a report on Friday, December 13th. Truist Financial decreased their price objective on Ryman Hospitality Properties from $133.00 to $127.00 and set a “buy” rating for the company in a research report on Friday. Wells Fargo & Company dropped 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. BMO Capital Markets began coverage on Ryman Hospitality Properties in a research note on Monday, December 9th. They set an “outperform” rating and a $133.00 price target for the company. Finally, StockNews.com upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Saturday, March 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $124.67.

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.