HighTower Advisors LLC Invests $262,000 in Ryman Hospitality Properties, Inc. (NYSE:RHP)

HighTower Advisors LLC bought a new position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 2,507 shares of the real estate investment trust’s stock, valued at approximately $262,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Quarry LP acquired a new stake in shares of Ryman Hospitality Properties during the 3rd quarter worth approximately $28,000. Heck Capital Advisors LLC acquired a new stake in Ryman Hospitality Properties in the 4th quarter valued at about $31,000. Venturi Wealth Management LLC acquired a new position in shares of Ryman Hospitality Properties in the 4th quarter worth $83,000. Blue Trust Inc. raised its holdings in Ryman Hospitality Properties by 23.4% during the 4th quarter. Blue Trust Inc. now owns 845 shares of the real estate investment trust’s stock worth $91,000 after buying an additional 160 shares during the period. Finally, KBC Group NV boosted its stake in Ryman Hospitality Properties by 54.1% in the 4th quarter. KBC Group NV now owns 2,108 shares of the real estate investment trust’s stock worth $220,000 after purchasing an additional 740 shares during the period. Institutional investors and hedge funds own 94.48% of the company’s stock.

Insider Activity

In other Ryman Hospitality Properties news, Chairman Colin V. Reed bought 8,231 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was purchased at an average cost of $97.54 per share, with a total value of $802,851.74. Following the completion of the purchase, the chairman now owns 832,260 shares in the company, valued at approximately $81,178,640.40. The trade was a 1.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Alvin L. Bowles, Jr. sold 473 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $97.03, for a total transaction of $45,895.19. Following the sale, the director now owns 2,675 shares in the company, valued at $259,555.25. This trade represents a 15.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on RHP. Truist Financial reduced their price target on shares of Ryman Hospitality Properties from $133.00 to $127.00 and set a “buy” rating for the company in a research report on Friday, March 21st. BMO Capital Markets initiated coverage on shares of Ryman Hospitality Properties in a research note on Monday, December 9th. They issued an “outperform” rating and a $133.00 price objective for the company. StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Saturday, March 1st. JPMorgan Chase & Co. reissued an “underweight” rating and set a $100.00 target price on shares of Ryman Hospitality Properties in a research report on Friday, December 13th. Finally, Wells Fargo & Company lowered their target price on shares of Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Ryman Hospitality Properties presently has a consensus rating of “Moderate Buy” and a consensus target price of $124.67.

Ryman Hospitality Properties Stock Up 1.7 %

Shares of NYSE:RHP opened at $94.09 on Thursday. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 6.07. The firm has a market cap of $5.64 billion, a P/E ratio of 21.43, a P/E/G ratio of 2.71 and a beta of 1.65. Ryman Hospitality Properties, Inc. has a 12 month low of $89.01 and a 12 month high of $121.77. The company’s 50-day moving average price is $99.36 and its two-hundred day moving average price is $105.96.

Ryman Hospitality Properties (NYSE:RHP) last released its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 EPS for the quarter, beating the consensus estimate of $1.21 by $0.94. Ryman Hospitality Properties had a net margin of 11.61% and a return on equity of 49.23%. The business had revenue of $647.63 million for the quarter, compared to analysts’ expectations of $656.01 million. As a group, research analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $1.15 per share. The ex-dividend date is Monday, March 31st. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.89%. Ryman Hospitality Properties’s payout ratio is currently 104.78%.

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.