Van ECK Associates Corp Grows Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Van ECK Associates Corp raised its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 12.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,080 shares of the real estate investment trust’s stock after purchasing an additional 1,107 shares during the quarter. Van ECK Associates Corp’s holdings in Ryman Hospitality Properties were worth $1,066,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Janney Montgomery Scott LLC bought a new stake in shares of Ryman Hospitality Properties during the first quarter valued at approximately $215,000. SG Americas Securities LLC grew its holdings in Ryman Hospitality Properties by 106.7% during the 1st quarter. SG Americas Securities LLC now owns 3,609 shares of the real estate investment trust’s stock valued at $417,000 after buying an additional 1,863 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Ryman Hospitality Properties by 7.1% during the 1st quarter. Russell Investments Group Ltd. now owns 466,002 shares of the real estate investment trust’s stock valued at $53,874,000 after purchasing an additional 31,082 shares during the last quarter. ProShare Advisors LLC grew its position in shares of Ryman Hospitality Properties by 8.5% during the first quarter. ProShare Advisors LLC now owns 10,494 shares of the real estate investment trust’s stock valued at $1,213,000 after purchasing an additional 826 shares in the last quarter. Finally, SageView Advisory Group LLC increased its stake in 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 worth $1,332,000 after acquiring an additional 7,723 shares during the last quarter. 94.48% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Wells Fargo & Company decreased their target price 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. StockNews.com upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Friday, August 9th. Jefferies Financial Group assumed coverage on shares of Ryman Hospitality Properties in a research note on Wednesday, November 6th. They issued a “buy” rating and a $130.00 price target on the stock. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Ryman Hospitality Properties from $104.00 to $105.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $125.17.

Ryman Hospitality Properties Stock Performance

RHP stock opened at $114.31 on Tuesday. Ryman Hospitality Properties, Inc. has a 1-year low of $92.34 and a 1-year high of $122.91. The business has a 50-day moving average price of $107.42 and a 200 day moving average price of $103.92. The company has a market capitalization of $6.85 billion, a P/E ratio of 20.30, a PEG ratio of 2.13 and a beta of 1.65. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.92.

Ryman Hospitality Properties (NYSE:RHP) last posted its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.94 EPS for the quarter, missing the consensus estimate of $1.83 by ($0.89). The business had revenue of $549.90 million during the quarter, compared to the consensus estimate of $545.93 million. Ryman Hospitality Properties had a net margin of 14.84% and a return on equity of 61.94%. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.73 EPS. As a group, equities research analysts forecast that Ryman Hospitality Properties, Inc. will post 8.42 EPS for the current fiscal year.

Ryman Hospitality Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $1.15 dividend. The ex-dividend date is Tuesday, December 31st. This is an increase from Ryman Hospitality Properties’s previous quarterly dividend of $1.10. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.02%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is currently 78.15%.

Insider Transactions at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Director Alvin L. Bowles, Jr. sold 900 shares of Ryman Hospitality Properties 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 owns 3,148 shares in the company, valued at $337,843.36. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.00% of the company’s stock.

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.