PNC Financial Services Group Inc. Boosts Holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP)

PNC Financial Services Group Inc. raised its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 4.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,383 shares of the real estate investment trust’s stock after purchasing an additional 137 shares during the period. PNC Financial Services Group Inc.’s holdings in Ryman Hospitality Properties were worth $372,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. GAMMA Investing LLC acquired a new stake in shares of Ryman Hospitality Properties in the fourth quarter valued at about $27,000. Parallel Advisors LLC raised its position in shares of Ryman Hospitality Properties by 6,550.0% in the fourth quarter. Parallel Advisors LLC now owns 266 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 262 shares during the last quarter. Signaturefd LLC increased its position in Ryman Hospitality Properties by 518.9% during the fourth quarter. Signaturefd LLC now owns 328 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 275 shares during the last quarter. Envestnet Portfolio Solutions Inc. acquired a new stake in Ryman Hospitality Properties during the fourth quarter worth about $213,000. Finally, Schnieders Capital Management LLC acquired a new stake in Ryman Hospitality Properties during the fourth quarter worth about $216,000. 94.48% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Christine Pantoya sold 1,491 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $105.94, for a total value of $157,956.54. Following the completion of the transaction, the director now owns 4,973 shares of the company’s stock, valued at $526,839.62. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Christine Pantoya sold 1,491 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $105.94, for a total value of $157,956.54. Following the completion of the transaction, the director now owns 4,973 shares of the company’s stock, valued at $526,839.62. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Colin V. Reed acquired 13,800 shares of the stock in a transaction dated Tuesday, May 7th. The stock was acquired at an average cost of $106.40 per share, with a total value of $1,468,320.00. Following the purchase, the chairman now owns 819,143 shares of the company’s stock, valued at approximately $87,156,815.20. The disclosure for this purchase can be found here. Insiders own 3.00% of the company’s stock.

Ryman Hospitality Properties Trading Up 3.0 %

Shares of RHP stock opened at $99.86 on Friday. The company has a 50-day moving average of $103.36 and a two-hundred day moving average of $109.99. The company has a debt-to-equity ratio of 6.33, a current ratio of 1.99 and a quick ratio of 1.99. Ryman Hospitality Properties, Inc. has a 1-year low of $79.86 and a 1-year high of $122.91. The firm has a market cap of $5.98 billion, a PE ratio of 20.67, a price-to-earnings-growth ratio of 2.06 and a beta of 1.62.

Ryman Hospitality Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 4.41%. The ex-dividend date is Friday, June 28th. Ryman Hospitality Properties’s payout ratio is 91.10%.

Analysts Set New Price Targets

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

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.