Inscription Capital LLC Takes Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Inscription Capital LLC acquired a new stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,500 shares of the real estate investment trust’s stock, valued at approximately $594,000.

A number of other institutional investors and hedge funds have also made changes to their positions in RHP. Heck Capital Advisors LLC acquired a new stake in Ryman Hospitality Properties in the 4th quarter valued at $31,000. Fifth Third Bancorp raised its position in Ryman Hospitality Properties by 175.6% during the first quarter. Fifth Third Bancorp now owns 576 shares of the real estate investment trust’s stock worth $53,000 after acquiring an additional 367 shares during the period. Harvest Fund Management Co. Ltd purchased a new position in Ryman Hospitality Properties during the fourth quarter valued at $72,000. Venturi Wealth Management LLC acquired a new stake in shares of Ryman Hospitality Properties in the fourth quarter valued at about $83,000. Finally, Covestor Ltd grew its position in shares of Ryman Hospitality Properties by 33.3% in the fourth quarter. Covestor Ltd now owns 829 shares of the real estate investment trust’s stock valued at $87,000 after purchasing an additional 207 shares during the period. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Ryman Hospitality Properties Trading Down 0.6%

Shares of Ryman Hospitality Properties stock opened at $97.09 on Wednesday. The company has a debt-to-equity ratio of 5.92, a current ratio of 1.55 and a quick ratio of 1.55. The stock’s 50 day simple moving average is $93.26 and its 200-day simple moving average is $98.83. The stock has a market cap of $5.83 billion, a P/E ratio of 20.57, a P/E/G ratio of 2.66 and a beta of 1.58. Ryman Hospitality Properties, Inc. has a 1-year low of $76.27 and a 1-year high of $121.77.

Ryman Hospitality Properties (NYSE:RHP) last announced its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $2.08 EPS for the quarter, topping analysts’ consensus estimates of $1.79 by $0.29. The firm had revenue of $587.28 million for the quarter, compared to the consensus estimate of $546.52 million. Ryman Hospitality Properties had a return on equity of 51.95% and a net margin of 12.16%. The firm’s revenue was up 11.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.60 earnings per share. Analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a dividend of $1.15 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $4.60 annualized dividend and a dividend yield of 4.74%. Ryman Hospitality Properties’s payout ratio is 97.46%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on RHP shares. Truist Financial reduced their price target on shares of Ryman Hospitality Properties from $127.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, May 30th. Jefferies Financial Group decreased their target price on Ryman Hospitality Properties from $118.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th. Wedbush set a $110.00 price target on Ryman Hospitality Properties and gave the stock an “outperform” rating in a research note on Tuesday, May 6th. Wall Street Zen upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Saturday, March 1st. Finally, Wells Fargo & Company reissued an “overweight” rating and issued a $101.00 price objective (up from $99.00) on shares of Ryman Hospitality Properties in a research note on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $112.00.

Insider Activity

In other news, Chairman Colin V. Reed bought 8,356 shares of Ryman Hospitality Properties stock in a transaction on Monday, June 9th. The shares were bought at an average cost of $96.92 per share, with a total value of $809,863.52. Following the completion of the purchase, the chairman now directly owns 870,406 shares of the company’s stock, valued at approximately $84,359,749.52. This trade represents a 0.97% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Alvin L. Bowles, Jr. sold 1,300 shares of the firm’s stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $99.01, for a total transaction of $128,713.00. Following the sale, the director now owns 2,576 shares of the company’s stock, valued at $255,049.76. This represents a 33.54% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.00% of the company’s stock.

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.