Sheaff Brock Investment Advisors LLC Boosts Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Sheaff Brock Investment Advisors LLC lifted its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 8.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,241 shares of the real estate investment trust’s stock after purchasing an additional 487 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Ryman Hospitality Properties were worth $571,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC grew its stake in shares of Ryman Hospitality Properties by 7.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 5,963 shares of the real estate investment trust’s stock worth $545,000 after purchasing an additional 405 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of Ryman Hospitality Properties by 12.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 73,847 shares of the real estate investment trust’s stock worth $6,753,000 after purchasing an additional 8,261 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of Ryman Hospitality Properties by 53.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 7,483 shares of the real estate investment trust’s stock worth $692,000 after purchasing an additional 2,615 shares during the period. Teacher Retirement System of Texas grew its stake in shares of Ryman Hospitality Properties by 44.3% during the 1st quarter. Teacher Retirement System of Texas now owns 16,692 shares of the real estate investment trust’s stock worth $1,526,000 after purchasing an additional 5,125 shares during the period. Finally, Amalgamated Bank grew its stake in shares of Ryman Hospitality Properties by 751.6% during the 1st quarter. Amalgamated Bank now owns 17,040 shares of the real estate investment trust’s stock worth $1,558,000 after purchasing an additional 15,039 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 1,300 shares of Ryman Hospitality Properties stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $99.01, for a total transaction of $128,713.00. Following the sale, the director owned 2,576 shares of the company’s stock, valued at $255,049.76. The trade was a 33.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Colin V. Reed purchased 8,356 shares of Ryman Hospitality Properties stock in a transaction dated Monday, June 9th. The shares were bought at an average price of $96.92 per share, for a total transaction of $809,863.52. Following the acquisition, the chairman owned 870,406 shares in the company, valued at approximately $84,359,749.52. This trade represents a 0.97% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 5.00% of the company’s stock.

Ryman Hospitality Properties Trading Down 0.7%

Shares of RHP opened at $98.97 on Tuesday. Ryman Hospitality Properties, Inc. has a 52-week low of $76.27 and a 52-week high of $121.77. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 5.92. The firm’s fifty day moving average is $99.13 and its two-hundred day moving average is $97.03. The stock has a market cap of $5.94 billion, a PE ratio of 20.97, a price-to-earnings-growth ratio of 2.27 and a beta of 1.57.

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

Ryman Hospitality Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a dividend of $1.15 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $4.60 annualized dividend and a yield of 4.65%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 97.46%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on RHP shares. Bank of America raised their price objective on shares of Ryman Hospitality Properties from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Monday, July 21st. Jefferies Financial Group dropped their price target on shares of Ryman Hospitality Properties from $118.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, April 9th. Truist Financial dropped their price target on shares of Ryman Hospitality Properties from $127.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, May 30th. Evercore ISI dropped their price target on shares of Ryman Hospitality Properties from $130.00 to $120.00 and set an “outperform” rating on the stock in a research note on Monday, April 28th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Ryman Hospitality Properties in a research note on Monday, June 23rd. They issued an “overweight” rating and a $117.00 price target on the stock. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Ryman Hospitality Properties has a consensus rating of “Moderate Buy” and an average target price of $114.75.

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.