Harbor Capital Advisors Inc. Has $2.13 Million Stock Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Harbor Capital Advisors Inc. increased its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 378.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,329 shares of the real estate investment trust’s stock after acquiring an additional 16,873 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Ryman Hospitality Properties were worth $2,130,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Knights of Columbus Asset Advisors LLC lifted its stake in Ryman Hospitality Properties by 98.7% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 94,772 shares of the real estate investment trust’s stock valued at $10,431,000 after buying an additional 47,077 shares during the period. Quantbot Technologies LP increased its stake in Ryman Hospitality Properties by 71.0% in the first quarter. Quantbot Technologies LP now owns 27,410 shares of the real estate investment trust’s stock valued at $3,169,000 after purchasing an additional 11,384 shares in the last quarter. Quadrature Capital Ltd raised its holdings in Ryman Hospitality Properties by 94.3% in the first quarter. Quadrature Capital Ltd now owns 20,639 shares of the real estate investment trust’s stock worth $2,389,000 after purchasing an additional 10,015 shares during the period. Jump Financial LLC acquired a new position in shares of Ryman Hospitality Properties in the 4th quarter valued at $1,772,000. Finally, Nordea Investment Management AB lifted its holdings in Ryman Hospitality Properties by 13.0% during the first quarter. Nordea Investment Management AB now owns 79,598 shares of the real estate investment trust’s stock worth $9,249,000 after acquiring an additional 9,174 shares in the last quarter. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on RHP shares. StockNews.com upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Ryman Hospitality Properties from $141.00 to $136.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. Truist Financial reduced their price objective on Ryman Hospitality Properties from $135.00 to $130.00 and set a “buy” rating for the company in a research report on Thursday, May 30th. Finally, JPMorgan Chase & Co. raised their price target on shares of Ryman Hospitality Properties from $104.00 to $105.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Ryman Hospitality Properties currently has a consensus rating of “Moderate Buy” and a consensus price target of $118.71.

Ryman Hospitality Properties Stock Performance

Shares of NYSE RHP traded down $1.18 during mid-day trading on Wednesday, reaching $96.57. 307,440 shares of the company were exchanged, compared to its average volume of 459,329. Ryman Hospitality Properties, Inc. has a twelve month low of $79.86 and a twelve month high of $122.91. The stock has a market capitalization of $5.78 billion, a P/E ratio of 20.06, a P/E/G ratio of 2.08 and a beta of 1.64. The company’s 50-day simple moving average is $100.65 and its 200-day simple moving average is $108.01. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 6.33.

Ryman Hospitality Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were paid a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.56%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is currently 91.10%.

Insider Buying and Selling

In related news, Director William E. Haslam purchased 9,972 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was acquired at an average cost of $100.28 per share, for a total transaction of $999,992.16. Following the completion of the purchase, the director now owns 22,790 shares in the company, valued at approximately $2,285,381.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Ryman Hospitality Properties news, Chairman Colin V. Reed bought 8,077 shares of the stock in a transaction on Tuesday, August 6th. The stock was purchased at an average price of $97.78 per share, with a total value of $789,769.06. Following the completion of the purchase, the chairman now owns 827,220 shares in the company, valued at $80,885,571.60. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director William E. Haslam bought 9,972 shares of the company’s stock in a transaction dated Thursday, June 13th. The stock was bought at an average cost of $100.28 per share, with a total value of $999,992.16. Following the acquisition, the director now directly owns 22,790 shares of the company’s stock, valued at approximately $2,285,381.20. The disclosure for this purchase can be found here. 3.00% of the stock is currently owned by insiders.

Ryman Hospitality Properties Profile

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.