Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Bought by Renaissance Technologies LLC

Renaissance Technologies LLC grew its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 19.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 108,041 shares of the real estate investment trust’s stock after purchasing an additional 17,500 shares during the quarter. Renaissance Technologies LLC owned approximately 0.18% of Ryman Hospitality Properties worth $10,789,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RHP. Envestnet Portfolio Solutions Inc. acquired a new stake in Ryman Hospitality Properties during the fourth quarter worth approximately $213,000. Norges Bank acquired a new stake in Ryman Hospitality Properties during the fourth quarter worth approximately $57,580,000. PNC Financial Services Group Inc. increased its holdings in shares of 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 acquiring an additional 137 shares during the period. UBS Group AG increased its holdings in shares of Ryman Hospitality Properties by 70.6% in the 4th quarter. UBS Group AG now owns 88,069 shares of the real estate investment trust’s stock valued at $9,693,000 after acquiring an additional 36,456 shares during the period. Finally, US Bancorp DE increased its holdings in shares of 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 valued at $669,000 after acquiring an additional 204 shares during the period. Institutional investors and hedge funds own 94.48% of the company’s stock.

Insider Buying and Selling at Ryman Hospitality Properties

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

Ryman Hospitality Properties Price Performance

Ryman Hospitality Properties stock opened at $110.30 on Tuesday. Ryman Hospitality Properties, Inc. has a 52 week low of $79.86 and a 52 week high of $122.91. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 5.96. The firm’s 50-day simple moving average is $101.79 and its 200 day simple moving average is $104.82. The firm has a market capitalization of $6.61 billion, a PE ratio of 22.84, a P/E/G ratio of 2.11 and a beta of 1.66.

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 $1.10 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $4.40 dividend on an annualized basis and a yield of 3.99%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is 91.10%.

Analysts Set New Price Targets

RHP has been the topic of a number of recent research reports. Truist Financial cut their target price on shares of Ryman Hospitality Properties from $135.00 to $130.00 and set a “buy” rating on the stock in a report on Thursday, May 30th. Wells Fargo & Company dropped 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 note on Friday, September 13th. StockNews.com upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Friday, August 9th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Ryman Hospitality Properties from $104.00 to $105.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Ryman Hospitality Properties has a consensus rating of “Moderate Buy” and an average price target of $116.14.

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.