Ryman Hospitality Properties, Inc. (NYSE:RHP) Stock Position Increased by Creative Planning

Creative Planning grew its position in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 6.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,350 shares of the real estate investment trust’s stock after purchasing an additional 323 shares during the period. Creative Planning’s holdings in Ryman Hospitality Properties were worth $574,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in RHP. GAMMA Investing LLC lifted its holdings in Ryman Hospitality Properties by 34.6% in the third quarter. GAMMA Investing LLC now owns 401 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 103 shares during the period. DekaBank Deutsche Girozentrale lifted its stake in shares of Ryman Hospitality Properties by 0.4% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 39,256 shares of the real estate investment trust’s stock worth $3,829,000 after acquiring an additional 138 shares during the period. Xponance Inc. boosted its holdings 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 acquiring an additional 162 shares in the last quarter. Fifth Third Bancorp boosted its holdings in shares of Ryman Hospitality Properties by 347.6% in the second quarter. Fifth Third Bancorp now owns 282 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 219 shares in the last quarter. Finally, BOKF NA increased its stake in shares of Ryman Hospitality Properties by 7.2% during the second quarter. BOKF NA now owns 3,382 shares of the real estate investment trust’s stock valued at $338,000 after acquiring an additional 226 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 related news, Director Alvin L. Bowles, Jr. sold 900 shares of the 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 completion of the transaction, the director now directly owns 3,148 shares in the company, valued at approximately $337,843.36. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.00% of the company’s stock.

Ryman Hospitality Properties Stock Performance

Ryman Hospitality Properties stock opened at $108.92 on Tuesday. The company has a market cap of $6.52 billion, a PE ratio of 20.44, a PEG ratio of 2.04 and a beta of 1.65. 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 1 year low of $88.14 and a 1 year high of $122.91. The company’s 50-day moving average is $106.77 and its two-hundred day moving average is $103.79.

Ryman Hospitality Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date of this dividend was Monday, September 30th. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 82.55%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. JPMorgan Chase & Co. upped their price target 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. Wells Fargo & Company cut their price objective on Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating on the stock in a report on Friday, September 13th. Finally, StockNews.com upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Friday, August 9th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $124.20.

About Ryman Hospitality Properties

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.