Ryman Hospitality Properties, Inc. $RHP Stock Purchased by Tectonic Advisors LLC

Tectonic Advisors LLC boosted its position in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 40.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,542 shares of the real estate investment trust’s stock after purchasing an additional 6,181 shares during the period. Tectonic Advisors LLC’s holdings in Ryman Hospitality Properties were worth $2,575,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. International Assets Investment Management LLC increased its position in Ryman Hospitality Properties by 437.0% during the 1st quarter. International Assets Investment Management LLC now owns 290 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 236 shares during the period. Global Retirement Partners LLC acquired a new stake in shares of Ryman Hospitality Properties in the 2nd quarter valued at approximately $43,000. Trust Co. of Vermont acquired a new stake in shares of Ryman Hospitality Properties in the 2nd quarter valued at approximately $51,000. Fifth Third Bancorp lifted its holdings in shares of Ryman Hospitality Properties by 34.2% in the 1st quarter. Fifth Third Bancorp now owns 860 shares of the real estate investment trust’s stock valued at $79,000 after buying an additional 219 shares during the period. Finally, Farther Finance Advisors LLC boosted its stake in shares of Ryman Hospitality Properties by 20.0% in the third quarter. Farther Finance Advisors LLC now owns 875 shares of the real estate investment trust’s stock valued at $105,000 after buying an additional 146 shares in the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Price Performance

NYSE RHP traded down $0.59 during mid-day trading on Friday, hitting $130.67. The stock had a trading volume of 471,356 shares, compared to its average volume of 519,935. Ryman Hospitality Properties, Inc. has a 52-week low of $83.82 and a 52-week high of $137.46. The company has a market cap of $8.25 billion, a price-to-earnings ratio of 31.95, a P/E/G ratio of 2.03 and a beta of 1.22. The company has a 50 day simple moving average of $124.17 and a 200 day simple moving average of $119.86. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 5.02.

Ryman Hospitality Properties (NYSE:RHP) last posted its earnings results on Friday, August 7th. The real estate investment trust reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.11. The company had revenue of $748.98 million for the quarter, compared to the consensus estimate of $734.59 million. Ryman Hospitality Properties had a return on equity of 34.54% and a net margin of 9.91%. Ryman Hospitality Properties’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same period in the previous year, the business earned $2.35 earnings per share. Equities analysts forecast that Ryman Hospitality Properties, Inc. will post 9.12 EPS for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were given a $1.20 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $4.80 annualized dividend and a dividend yield of 3.7%. Ryman Hospitality Properties’s payout ratio is currently 117.36%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Barclays dropped their price objective on Ryman Hospitality Properties from $147.00 to $143.00 and set an “overweight” rating on the stock in a report on Tuesday, October 13th. Raymond James Financial raised their target price on Ryman Hospitality Properties from $125.00 to $130.00 and gave the company an “outperform” rating in a report on Monday, September 28th. Zacks Research upgraded shares of Ryman Hospitality Properties from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 12th. Cantor Fitzgerald upped their price target on shares of Ryman Hospitality Properties from $124.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 11th. Finally, JPMorgan Chase & Co. increased their price target on shares of Ryman Hospitality Properties from $129.00 to $138.00 and gave the company an “overweight” rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating and thirteen have issued a Buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $133.17.

About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc is a real estate investment trust that owns and invests in high-quality lodging and entertainment properties. The company focuses primarily on large-scale, group-oriented convention center resorts that serve business conferences, meetings, and leisure travelers.

Ryman’s portfolio includes the Gaylord Hotels properties: Gaylord Opryland Resort & Convention Center in Nashville, Tennessee; Gaylord Palms Resort & Convention Center near Orlando, Florida; Gaylord Texan Resort & Convention Center near Dallas, Texas; Gaylord National Resort & Convention Center near Washington, DC; and Gaylord Rockies Resort & Convention Center near Denver, Colorado.