SageView Advisory Group LLC Makes New Investment in Ryman Hospitality Properties, Inc. (NYSE:RHP)

SageView Advisory Group LLC purchased a new position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,800 shares of the real estate investment trust’s stock, valued at approximately $425,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Xponance Inc. raised its position in Ryman Hospitality Properties by 2.6% during the fourth quarter. Xponance Inc. now owns 3,531 shares of the real estate investment trust’s stock worth $389,000 after acquiring an additional 91 shares in the last quarter. Harbour Capital Advisors LLC raised its position in Ryman Hospitality Properties by 0.9% during the fourth quarter. Harbour Capital Advisors LLC now owns 13,440 shares of the real estate investment trust’s stock worth $1,482,000 after acquiring an additional 115 shares in the last quarter. PNC Financial Services Group Inc. raised its position in Ryman Hospitality Properties by 4.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,383 shares of the real estate investment trust’s stock worth $372,000 after acquiring an additional 137 shares in the last quarter. Covestor Ltd raised its position in shares of Ryman Hospitality Properties by 15.5% in the third quarter. Covestor Ltd now owns 1,218 shares of the real estate investment trust’s stock valued at $101,000 after purchasing an additional 163 shares during the period. Finally, American International Group Inc. raised its position in shares of Ryman Hospitality Properties by 0.6% in the fourth quarter. American International Group Inc. now owns 29,031 shares of the real estate investment trust’s stock valued at $3,195,000 after purchasing an additional 176 shares during the period. 94.48% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on RHP. Truist Financial dropped their price objective on shares of Ryman Hospitality Properties from $135.00 to $130.00 and set a “buy” rating on the stock in a research report on Thursday, May 30th. Wells Fargo & Company increased their price objective on shares of Ryman Hospitality Properties from $125.00 to $133.00 and gave the company an “overweight” rating in a research report on Thursday, March 21st. StockNews.com lowered shares of Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, May 22nd. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Ryman Hospitality Properties from $141.00 to $136.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Ryman Hospitality Properties currently has an average rating of “Moderate Buy” and a consensus target price of $118.29.

Ryman Hospitality Properties Trading Down 0.9 %

RHP stock opened at $99.04 on Thursday. 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 company’s 50-day simple moving average is $104.75 and its 200 day simple moving average is $110.23. Ryman Hospitality Properties, Inc. has a 52 week low of $79.86 and a 52 week high of $122.91. The company has a market capitalization of $5.93 billion, a PE ratio of 20.51, a price-to-earnings-growth ratio of 2.10 and a beta of 1.62.

Ryman Hospitality Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $4.40 annualized dividend and a dividend yield of 4.44%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 91.10%.

Insider Activity at Ryman Hospitality Properties

In other news, Director William E. Haslam acquired 9,972 shares of Ryman Hospitality Properties stock in a transaction on Thursday, June 13th. The shares were purchased at an average cost of $100.28 per share, for a total transaction of $999,992.16. Following the completion of the purchase, the director now directly owns 22,790 shares of the company’s stock, valued at approximately $2,285,381.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Chairman Colin V. Reed acquired 13,800 shares of Ryman Hospitality Properties stock in a transaction on Tuesday, May 7th. The shares were purchased at an average cost of $106.40 per share, for a total transaction of $1,468,320.00. Following the completion of the purchase, the chairman now directly owns 819,143 shares of the company’s stock, valued at approximately $87,156,815.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director William E. Haslam acquired 9,972 shares of Ryman Hospitality Properties stock in a transaction on Thursday, June 13th. The shares were purchased at an average price of $100.28 per share, for a total transaction of $999,992.16. Following the completion of the purchase, the director now directly owns 22,790 shares of the company’s stock, valued at $2,285,381.20. The disclosure for this purchase can be found here. 3.00% of the stock is currently owned by corporate insiders.

Ryman Hospitality Properties 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.