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

Point72 Asia Singapore Pte. Ltd. raised its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 58.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,514 shares of the real estate investment trust’s stock after acquiring an additional 560 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in Ryman Hospitality Properties were worth $151,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. PNC Financial Services Group Inc. grew its position in Ryman Hospitality Properties by 4.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,383 shares of the real estate investment trust’s stock worth $372,000 after acquiring an additional 137 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its stake in Ryman Hospitality Properties by 0.4% in the second quarter. DekaBank Deutsche Girozentrale now owns 39,256 shares of the real estate investment trust’s stock worth $3,829,000 after purchasing an additional 138 shares in the last quarter. New York State Teachers Retirement System grew its holdings in shares of Ryman Hospitality Properties by 3.0% during the first quarter. New York State Teachers Retirement System now owns 5,285 shares of the real estate investment trust’s stock worth $611,000 after purchasing an additional 152 shares during the last quarter. Xponance Inc. increased its stake in shares of Ryman Hospitality Properties by 4.6% in the second quarter. Xponance Inc. now owns 3,714 shares of the real estate investment trust’s stock valued at $371,000 after buying an additional 162 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its stake in shares of Ryman Hospitality Properties by 0.6% in the first quarter. State of Alaska Department of Revenue now owns 27,611 shares of the real estate investment trust’s stock valued at $3,191,000 after buying an additional 174 shares in the last quarter. Institutional investors and hedge funds own 94.48% of the company’s stock.

Ryman Hospitality Properties Trading Down 0.2 %

RHP opened at $107.97 on Friday. The stock has a market capitalization of $6.47 billion, a P/E ratio of 22.35, a P/E/G ratio of 2.34 and a beta of 1.66. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 5.96. Ryman Hospitality Properties, Inc. has a 12 month low of $81.36 and a 12 month high of $122.91. The firm’s fifty day simple moving average is $102.82 and its 200 day simple moving average is $104.58.

Ryman Hospitality Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a $1.10 dividend. The ex-dividend date is Monday, September 30th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.08%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is 91.10%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on RHP. JPMorgan Chase & Co. upped 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. 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, Wells Fargo & Company decreased their price objective on 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. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.20.

Insider Transactions at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Director Alvin L. Bowles, Jr. sold 900 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The stock was 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 approximately $337,843.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Ryman Hospitality Properties news, Chairman Colin V. Reed bought 8,077 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The stock was acquired 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 owns 827,220 shares in the company, valued at $80,885,571.60. The acquisition was disclosed in a document filed 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 dated Thursday, September 19th. The stock was sold at an average price of $107.32, for a total transaction of $96,588.00. Following the sale, the director now directly owns 3,148 shares in the company, valued at $337,843.36. The disclosure for this sale can be found here. 3.00% of the stock is owned by insiders.

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.