315 Shares in Ryman Hospitality Properties, Inc. (NYSE:RHP) Acquired by SYSTM Wealth Solutions LLC

SYSTM Wealth Solutions LLC purchased a new stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 315 shares of the real estate investment trust’s stock, valued at approximately $32,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Parallel Advisors LLC lifted its holdings 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 period. Fifth Third Bancorp lifted its holdings in Ryman Hospitality Properties by 347.6% in the 2nd quarter. Fifth Third Bancorp now owns 282 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 219 shares during the last quarter. Larson Financial Group LLC bought a new position in shares of Ryman Hospitality Properties during the 1st quarter valued at about $35,000. Quest Partners LLC grew its stake in shares of Ryman Hospitality Properties by 8,450.0% in the 2nd quarter. Quest Partners LLC now owns 342 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 338 shares during the last quarter. Finally, Fidelis Capital Partners LLC bought a new stake in shares of Ryman Hospitality Properties in the 1st quarter worth approximately $103,000. 94.48% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on RHP shares. Wells Fargo & Company reduced their target price on shares of Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating for the company in a report on Friday, September 13th. 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. StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Friday, August 9th. Finally, Truist Financial decreased their price target on 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. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Ryman Hospitality Properties has a consensus rating of “Moderate Buy” and a consensus price target of $116.14.

Insider Activity

In related news, Chairman Colin V. Reed purchased 8,077 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The stock was acquired at an average cost of $97.78 per share, for a total transaction of $789,769.06. Following the completion of the acquisition, the chairman now owns 827,220 shares in the company, valued at approximately $80,885,571.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.00% of the stock is owned by corporate insiders.

Ryman Hospitality Properties Stock Performance

Shares of Ryman Hospitality Properties stock opened at $108.83 on Friday. Ryman Hospitality Properties, Inc. has a 12 month low of $79.86 and a 12 month high of $122.91. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 5.96. The stock has a market cap of $6.52 billion, a PE ratio of 22.53, a price-to-earnings-growth ratio of 2.11 and a beta of 1.66. The business has a fifty day simple moving average of $101.46 and a 200-day simple moving average of $105.11.

Ryman Hospitality Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $4.40 annualized dividend and a yield of 4.04%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 91.10%.

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.