Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Bought by MQS Management LLC

MQS Management LLC increased its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 95.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,645 shares of the real estate investment trust’s stock after purchasing an additional 2,753 shares during the quarter. MQS Management LLC’s holdings in Ryman Hospitality Properties were worth $564,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in RHP. Quantbot Technologies LP raised its holdings in Ryman Hospitality Properties by 71.0% during the 1st quarter. Quantbot Technologies LP now owns 27,410 shares of the real estate investment trust’s stock worth $3,169,000 after buying an additional 11,384 shares during the period. Quadrature Capital Ltd raised its holdings in shares of Ryman Hospitality Properties by 94.3% during the first quarter. Quadrature Capital Ltd now owns 20,639 shares of the real estate investment trust’s stock valued at $2,389,000 after acquiring an additional 10,015 shares during the period. Nordea Investment Management AB raised its holdings in shares of Ryman Hospitality Properties by 13.0% during the first quarter. Nordea Investment Management AB now owns 79,598 shares of the real estate investment trust’s stock valued at $9,249,000 after acquiring an additional 9,174 shares during the period. SageView Advisory Group LLC lifted its position in shares of Ryman Hospitality Properties by 203.2% in the 1st quarter. SageView Advisory Group LLC now owns 11,523 shares of the real estate investment trust’s stock valued at $1,332,000 after acquiring an additional 7,723 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its stake in Ryman Hospitality Properties by 378.7% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 21,329 shares of the real estate investment trust’s stock worth $2,130,000 after purchasing an additional 16,873 shares during the period. 94.48% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Ryman Hospitality Properties

In related news, Chairman Colin V. Reed purchased 8,077 shares of the firm’s stock in a transaction on Tuesday, August 6th. The shares were bought at an average cost of $97.78 per share, for a total transaction of $789,769.06. Following the transaction, the chairman now directly owns 827,220 shares of the company’s stock, valued at approximately $80,885,571.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.00% of the company’s stock.

Ryman Hospitality Properties Price Performance

Shares of NYSE:RHP opened at $103.79 on Thursday. The stock has a market capitalization of $6.22 billion, a P/E ratio of 21.49, a P/E/G ratio of 2.11 and a beta of 1.66. The business has a 50-day moving average of $101.29 and a two-hundred day moving average of $105.09. Ryman Hospitality Properties, Inc. has a fifty-two week low of $79.86 and a fifty-two week 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.

Ryman Hospitality Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a dividend of $1.10 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.24%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 91.10%.

Analysts Set New Price Targets

RHP has been the subject of a number of research analyst reports. StockNews.com upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Friday, August 9th. Wells Fargo & Company lowered their target price on Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating on the stock in a research note on Friday, September 13th. Truist Financial reduced their price target 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. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Ryman Hospitality Properties from $104.00 to $105.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $116.14.

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.