Bokf Na Acquires 226 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Bokf Na increased its position in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 7.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,382 shares of the real estate investment trust’s stock after acquiring an additional 226 shares during the period. Bokf Na’s holdings in Ryman Hospitality Properties were worth $338,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Ryman Hospitality Properties by 2.7% in the first quarter. Vanguard Group Inc. now owns 8,470,274 shares of the real estate investment trust’s stock worth $979,248,000 after acquiring an additional 226,547 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Ryman Hospitality Properties by 194.0% in the second quarter. Principal Financial Group Inc. now owns 2,222,077 shares of the real estate investment trust’s stock worth $221,896,000 after acquiring an additional 1,466,220 shares during the period. American Century Companies Inc. grew its holdings in shares of 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 worth $158,404,000 after acquiring an additional 12,058 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Ryman Hospitality Properties by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 793,244 shares of the real estate investment trust’s stock worth $87,305,000 after acquiring an additional 11,490 shares during the period. Finally, Heitman Real Estate Securities LLC grew its holdings in shares of Ryman Hospitality Properties by 46.0% in the fourth quarter. Heitman Real Estate Securities LLC now owns 611,992 shares of the real estate investment trust’s stock worth $67,356,000 after acquiring an additional 192,962 shares during the period. Institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Trading Down 0.5 %

Shares of NYSE RHP opened at $101.00 on Tuesday. Ryman Hospitality Properties, Inc. has a 1-year low of $79.86 and a 1-year high of $122.91. The company has a debt-to-equity ratio of 5.96, a current ratio of 1.92 and a quick ratio of 1.92. The business’s 50 day moving average is $101.11 and its two-hundred day moving average is $105.21. The stock has a market capitalization of $6.05 billion, a P/E ratio of 20.91, a PEG ratio of 2.11 and a beta of 1.66.

Ryman Hospitality Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a $1.10 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $4.40 dividend on an annualized basis and a yield of 4.36%. Ryman Hospitality Properties’s dividend payout ratio is presently 91.10%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on RHP. Truist Financial cut their price target on Ryman Hospitality Properties from $135.00 to $130.00 and set a “buy” rating for the company in a report on Thursday, May 30th. JPMorgan Chase & Co. lifted their target price on Ryman Hospitality Properties from $104.00 to $105.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Wells Fargo & Company dropped their price target on Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating for the company in a research note on Friday. Finally, StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Ryman Hospitality Properties has a consensus rating of “Moderate Buy” and an average price target of $116.14.

Insider Transactions at Ryman Hospitality Properties

In related news, Chairman Colin V. Reed bought 8,077 shares of the stock in a transaction dated Tuesday, August 6th. The stock was purchased at an average cost of $97.78 per share, with a total value of $789,769.06. Following the completion of the purchase, the chairman now owns 827,220 shares of the company’s stock, valued at $80,885,571.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 3.00% of the company’s stock.

About Ryman Hospitality Properties

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.