Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC increased its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 34.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 401 shares of the real estate investment trust’s stock after purchasing an additional 103 shares during the quarter. GAMMA Investing LLC’s holdings in Ryman Hospitality Properties were worth $43,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Fifth Third Bancorp raised its position in Ryman Hospitality Properties by 347.6% during the second quarter. Fifth Third Bancorp now owns 282 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 219 shares during the last quarter. SYSTM Wealth Solutions LLC purchased a new position in shares of Ryman Hospitality Properties during the 2nd quarter worth approximately $32,000. Quest Partners LLC raised its position in shares of Ryman Hospitality Properties by 8,450.0% during 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. Larson Financial Group LLC purchased a new stake in Ryman Hospitality Properties in the 1st quarter valued at approximately $35,000. Finally, Fidelis Capital Partners LLC acquired a new position in shares of Ryman Hospitality Properties in the first quarter worth $103,000. Institutional investors and hedge funds own 94.48% of the company’s stock.

Ryman Hospitality Properties Trading Down 1.2 %

NYSE RHP opened at $111.18 on Friday. The company has a debt-to-equity ratio of 5.96, a quick ratio of 1.92 and a current ratio of 1.92. Ryman Hospitality Properties, Inc. has a one year low of $81.90 and a one year high of $122.91. The company’s 50 day moving average price is $105.12 and its 200 day moving average price is $104.24. The firm has a market capitalization of $6.66 billion, a price-to-earnings ratio of 23.02, a PEG ratio of 2.36 and a beta of 1.66.

Ryman Hospitality Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a dividend of $1.10 per share. The ex-dividend date was Monday, September 30th. This represents a $4.40 annualized dividend and a dividend yield of 3.96%. Ryman Hospitality Properties’s payout ratio is 91.10%.

Insider Buying and Selling

In other Ryman Hospitality Properties news, Director Alvin L. Bowles, Jr. sold 900 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $107.32, for a total value of $96,588.00. Following the transaction, the director now directly owns 3,148 shares of the company’s stock, valued at $337,843.36. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 purchased at an average price of $97.78 per share, with a total value of $789,769.06. Following the purchase, the chairman now directly owns 827,220 shares of the company’s stock, valued at approximately $80,885,571.60. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Alvin L. Bowles, Jr. sold 900 shares of the business’s stock in a transaction on Thursday, September 19th. The stock was 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 owns 3,148 shares in the company, valued at $337,843.36. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 3.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on RHP shares. Wells Fargo & Company reduced their price target 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. StockNews.com upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Friday, August 9th. Finally, JPMorgan Chase & Co. increased their price target on shares of 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 analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $124.20.

Ryman Hospitality Properties Company 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.