Xponance Inc. Purchases 370 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Xponance Inc. lifted its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 9.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,201 shares of the real estate investment trust’s stock after purchasing an additional 370 shares during the quarter. Xponance Inc.’s holdings in Ryman Hospitality Properties were worth $438,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. raised its stake in shares of Ryman Hospitality Properties by 41.9% during the third quarter. Principal Financial Group Inc. now owns 3,153,360 shares of the real estate investment trust’s stock worth $338,168,000 after acquiring an additional 931,283 shares in the last quarter. Cooke & Bieler LP purchased a new position in Ryman Hospitality Properties in the 4th quarter worth $74,811,000. Hamlin Capital Management LLC bought a new stake in Ryman Hospitality Properties in the fourth quarter worth $65,142,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Ryman Hospitality Properties by 483.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 609,761 shares of the real estate investment trust’s stock valued at $65,391,000 after buying an additional 505,207 shares during the period. Finally, Victory Capital Management Inc. grew its stake in shares of Ryman Hospitality Properties by 87.3% during the fourth quarter. Victory Capital Management Inc. now owns 547,639 shares of the real estate investment trust’s stock valued at $57,141,000 after buying an additional 255,229 shares during the last quarter. Institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Stock Down 0.6 %

Shares of NYSE RHP opened at $94.18 on Thursday. The firm has a fifty day simple moving average of $100.44 and a two-hundred day simple moving average of $106.22. The firm has a market capitalization of $5.64 billion, a PE ratio of 21.45, a price-to-earnings-growth ratio of 2.71 and a beta of 1.65. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 6.07. Ryman Hospitality Properties, Inc. has a 12 month low of $92.04 and a 12 month high of $121.77.

Ryman Hospitality Properties (NYSE:RHP) last issued its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $2.15 EPS for the quarter, topping the consensus estimate of $1.21 by $0.94. Ryman Hospitality Properties had a net margin of 11.61% and a return on equity of 49.23%. The business had revenue of $647.63 million during the quarter, compared to analyst estimates of $656.01 million. Equities analysts expect that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current year.

Ryman Hospitality Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $1.15 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $4.60 dividend on an annualized basis and a yield of 4.88%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is 104.78%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on RHP shares. JPMorgan Chase & Co. restated an “underweight” rating and set a $100.00 target price on shares of Ryman Hospitality Properties in a report on Friday, December 13th. StockNews.com upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Saturday, March 1st. Truist Financial lowered their price target on shares of Ryman Hospitality Properties from $133.00 to $127.00 and set a “buy” rating for the company in a report on Friday, March 21st. Wells Fargo & Company cut their price target on shares of Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. Finally, BMO Capital Markets initiated coverage on shares of Ryman Hospitality Properties in a research note on Monday, December 9th. They set an “outperform” rating and a $133.00 price objective for the company. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Ryman Hospitality Properties currently has a consensus rating of “Moderate Buy” and a consensus target price of $124.67.

Insider Buying and Selling at Ryman Hospitality Properties

In related news, Director Alvin L. Bowles, Jr. sold 473 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $97.03, for a total transaction of $45,895.19. Following the completion of the transaction, the director now owns 2,675 shares of the company’s stock, valued at $259,555.25. This trade represents a 15.03 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Colin V. Reed acquired 8,231 shares of the stock in a transaction on Wednesday, February 26th. The shares were bought at an average price of $97.54 per share, with a total value of $802,851.74. Following the purchase, the chairman now directly owns 832,260 shares of the company’s stock, valued at $81,178,640.40. The trade was a 1.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 3.00% of the company’s stock.

Ryman Hospitality Properties Company 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.