Point72 Asia Singapore Pte. Ltd. Buys 560 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Point72 Asia Singapore Pte. Ltd. grew its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 58.7% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,514 shares of the real estate investment trust’s stock after purchasing an additional 560 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in Ryman Hospitality Properties were worth $151,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of RHP. PNC Financial Services Group Inc. raised its position in Ryman Hospitality Properties by 4.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,383 shares of the real estate investment trust’s stock valued at $372,000 after buying an additional 137 shares during the last quarter. UBS Group AG lifted its position in shares of Ryman Hospitality Properties by 70.6% during the fourth quarter. UBS Group AG now owns 88,069 shares of the real estate investment trust’s stock valued at $9,693,000 after purchasing an additional 36,456 shares in the last quarter. US Bancorp DE grew its position in Ryman Hospitality Properties by 3.5% in the 4th quarter. US Bancorp DE now owns 6,082 shares of the real estate investment trust’s stock worth $669,000 after purchasing an additional 204 shares in the last quarter. Parallel Advisors LLC increased its stake in Ryman Hospitality Properties by 6,550.0% in the 4th 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. Finally, Evoke Wealth LLC bought a new position in shares of Ryman Hospitality Properties during the 4th quarter worth approximately $680,000. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Insider Buying and Selling at Ryman Hospitality Properties

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Wells Fargo & Company reduced their target price on Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating for the company in a report on Friday, September 13th. StockNews.com upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Friday, August 9th. Finally, 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 research note on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Ryman Hospitality Properties currently has a consensus rating of “Moderate Buy” and a consensus target price of $119.17.

Ryman Hospitality Properties Stock Performance

Shares of RHP opened at $109.37 on Friday. Ryman Hospitality Properties, Inc. has a 1 year low of $80.67 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 stock’s fifty day moving average price is $102.15 and its two-hundred day moving average price is $104.85. The firm has a market cap of $6.55 billion, a PE ratio of 22.64, a PEG ratio of 2.34 and a beta of 1.66.

Ryman Hospitality Properties Announces Dividend

The firm also recently disclosed 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. This represents a $4.40 annualized dividend and a yield of 4.02%. The ex-dividend date of this dividend is Monday, September 30th. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 91.10%.

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.