Oppenheimer Asset Management Inc. Grows Stock Holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Oppenheimer Asset Management Inc. lifted its position in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 18.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,989 shares of the real estate investment trust’s stock after purchasing an additional 626 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Ryman Hospitality Properties were worth $398,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Ryman Hospitality Properties in the 4th quarter valued at $213,000. Norges Bank purchased a new stake in Ryman Hospitality Properties during the fourth quarter valued at about $57,580,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Ryman Hospitality Properties during the fourth quarter valued at about $487,000. PNC Financial Services Group Inc. increased its holdings in shares of Ryman Hospitality Properties by 4.2% in 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 buying an additional 137 shares during the period. Finally, UBS Group AG increased its holdings in shares of Ryman Hospitality Properties by 70.6% in the fourth quarter. UBS Group AG now owns 88,069 shares of the real estate investment trust’s stock worth $9,693,000 after buying an additional 36,456 shares during the period. 94.48% of the stock is currently owned by institutional investors.

Ryman Hospitality Properties Trading Up 0.8 %

NYSE:RHP opened at $109.77 on Friday. The company has a 50-day moving average price of $101.63 and a 200-day moving average price of $104.96. The stock has a market cap of $6.57 billion, a price-to-earnings ratio of 22.73, a P/E/G ratio of 2.11 and a beta of 1.66. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 5.96. Ryman Hospitality Properties, Inc. has a 12 month low of $79.86 and a 12 month high of $122.91.

Ryman Hospitality Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a dividend of $1.10 per share. The ex-dividend date is Monday, September 30th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.01%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is 91.10%.

Insider Transactions at Ryman Hospitality Properties

In other news, Chairman Colin V. Reed purchased 8,077 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chairman now directly owns 827,220 shares of the company’s stock, valued at approximately $80,885,571.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Alvin L. Bowles, Jr. sold 900 shares of Ryman Hospitality Properties stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $107.32, for a total transaction of $96,588.00. Following the completion of the transaction, the director now directly owns 3,148 shares in the company, valued at $337,843.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Colin V. Reed purchased 8,077 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was bought at an average price of $97.78 per share, for a total transaction of $789,769.06. Following the purchase, the chairman now directly owns 827,220 shares in the company, valued at $80,885,571.60. The disclosure for this purchase can be found here. Corporate insiders own 3.00% of the company’s stock.

Analyst Upgrades and Downgrades

RHP has been the topic of several recent research reports. JPMorgan Chase & Co. raised their price target on Ryman Hospitality Properties from $104.00 to $105.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. StockNews.com upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Friday, August 9th. Truist Financial lowered 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 report on Thursday, May 30th. Finally, Wells Fargo & Company decreased their price objective on shares of Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating on the stock in a research report on Friday, September 13th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Ryman Hospitality Properties 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.