5,098 Shares in Ryman Hospitality Properties, Inc. (NYSE:RHP) Acquired by Vanderbilt University

Vanderbilt University purchased a new stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) during the first quarter, according to its most recent filing with the SEC. The firm purchased 5,098 shares of the real estate investment trust’s stock, valued at approximately $466,000.

A number of other institutional investors and hedge funds have also made changes to their positions in RHP. Heck Capital Advisors LLC purchased a new position in shares of Ryman Hospitality Properties in the 4th quarter valued at $31,000. Fifth Third Bancorp increased its holdings in shares of Ryman Hospitality Properties by 175.6% in the 1st quarter. Fifth Third Bancorp now owns 576 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 367 shares during the period. Harvest Fund Management Co. Ltd purchased a new position in shares of Ryman Hospitality Properties in the 4th quarter valued at $72,000. Venturi Wealth Management LLC purchased a new position in shares of Ryman Hospitality Properties in the 4th quarter valued at $83,000. Finally, Covestor Ltd increased its holdings in shares of Ryman Hospitality Properties by 33.3% in the 4th quarter. Covestor Ltd now owns 829 shares of the real estate investment trust’s stock valued at $87,000 after acquiring an additional 207 shares during the period. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on RHP. Wall Street Zen upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Saturday, March 1st. Wedbush set a $110.00 price target on Ryman Hospitality Properties and gave the company an “outperform” rating in a report on Tuesday, May 6th. Truist Financial lowered their price objective on 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. Wells Fargo & Company reissued an “overweight” rating and issued a $101.00 price objective (up previously from $99.00) on shares of Ryman Hospitality Properties in a research report on Thursday, May 22nd. Finally, Evercore ISI lowered their price objective on Ryman Hospitality Properties from $130.00 to $120.00 and set an “outperform” rating for the company in a research report on Monday, April 28th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $112.00.

Insiders Place Their Bets

In related news, Chairman Colin V. Reed acquired 8,356 shares of Ryman Hospitality Properties stock in a transaction on Monday, June 9th. The stock was acquired at an average price of $96.92 per share, for a total transaction of $809,863.52. Following the purchase, the chairman now owns 870,406 shares of the company’s stock, valued at approximately $84,359,749.52. This represents a 0.97% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Alvin L. Bowles, Jr. sold 1,300 shares of Ryman Hospitality Properties stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $99.01, for a total value of $128,713.00. Following the transaction, the director now owns 2,576 shares of the company’s stock, valued at $255,049.76. The trade was a 33.54% decrease in their position. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by insiders.

Ryman Hospitality Properties Stock Up 1.2%

Ryman Hospitality Properties stock opened at $98.35 on Friday. 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 has a market capitalization of $5.90 billion, a price-to-earnings ratio of 20.84, a PEG ratio of 2.68 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. The business has a fifty day moving average price of $93.78 and a 200-day moving average price of $98.69.

Ryman Hospitality Properties (NYSE:RHP) last issued its quarterly earnings results 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. Ryman Hospitality Properties had a return on equity of 51.95% and a net margin of 12.16%. The company had revenue of $587.28 million during the quarter, compared to analysts’ expectations of $546.52 million. During the same quarter in the previous year, the firm posted $1.60 EPS. The firm’s revenue was up 11.2% compared to the same quarter last year. Equities research analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a dividend of $1.15 per share. The ex-dividend date is Monday, June 30th. This represents a $4.60 dividend on an annualized basis and a yield of 4.68%. Ryman Hospitality Properties’s dividend payout ratio is currently 97.46%.

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.