FORA Capital LLC Increases Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

FORA Capital LLC raised its position in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 48.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,823 shares of the real estate investment trust’s stock after purchasing an additional 3,547 shares during the quarter. FORA Capital LLC’s holdings in Ryman Hospitality Properties were worth $1,161,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RHP. Principal Financial Group Inc. raised its position in Ryman Hospitality Properties by 194.0% in the second quarter. Principal Financial Group Inc. now owns 2,222,077 shares of the real estate investment trust’s stock valued at $221,896,000 after purchasing an additional 1,466,220 shares during the period. Massachusetts Financial Services Co. MA raised its position in Ryman Hospitality Properties by 264.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,199,392 shares of the real estate investment trust’s stock valued at $119,771,000 after purchasing an additional 870,081 shares during the period. Victory Capital Management Inc. raised its position in Ryman Hospitality Properties by 3,800.4% in the third quarter. Victory Capital Management Inc. now owns 292,410 shares of the real estate investment trust’s stock valued at $31,358,000 after purchasing an additional 284,913 shares during the period. Reinhart Partners LLC. raised its position in Ryman Hospitality Properties by 55.5% in the third quarter. Reinhart Partners LLC. now owns 383,026 shares of the real estate investment trust’s stock valued at $41,076,000 after purchasing an additional 136,756 shares during the period. Finally, Duff & Phelps Investment Management Co. raised its position in Ryman Hospitality Properties by 24.9% in the second quarter. Duff & Phelps Investment Management Co. now owns 552,346 shares of the real estate investment trust’s stock valued at $55,157,000 after purchasing an additional 110,027 shares during the period. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Stock Performance

Shares of RHP stock opened at $116.72 on Thursday. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 6.07. The firm has a fifty day moving average price of $110.77 and a 200 day moving average price of $104.67. The company has a market cap of $6.99 billion, a P/E ratio of 20.73, a PEG ratio of 2.06 and a beta of 1.65. Ryman Hospitality Properties, Inc. has a 12 month low of $93.76 and a 12 month high of $122.91.

Ryman Hospitality Properties (NYSE:RHP) last issued its earnings results on Monday, November 4th. The real estate investment trust reported $0.94 EPS for the quarter, missing analysts’ consensus estimates of $1.83 by ($0.89). The firm had revenue of $549.90 million for the quarter, compared to analyst estimates of $545.93 million. Ryman Hospitality Properties had a return on equity of 61.94% and a net margin of 14.84%. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.73 EPS. Sell-side analysts predict that Ryman Hospitality Properties, Inc. will post 8.44 earnings per share for the current fiscal year.

Ryman Hospitality Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.94%. This is a boost from Ryman Hospitality Properties’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Tuesday, December 31st. Ryman Hospitality Properties’s dividend payout ratio is presently 78.15%.

Insider Buying and Selling

In related news, Director Fazal F. Merchant sold 1,269 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $113.98, for a total transaction of $144,640.62. Following the completion of the transaction, the director now directly owns 4,825 shares of the company’s stock, valued at $549,953.50. This represents a 20.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Alvin L. Bowles, Jr. sold 900 shares of the stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $107.32, for a total transaction of $96,588.00. Following the transaction, the director now directly owns 3,148 shares of the company’s stock, valued at $337,843.36. This represents a 22.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

RHP has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on Ryman Hospitality Properties from $104.00 to $105.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Truist Financial boosted their price target on shares of Ryman Hospitality Properties from $130.00 to $136.00 and gave the stock a “buy” rating in a research note on Monday, November 18th. Jefferies Financial Group initiated coverage on shares of Ryman Hospitality Properties in a research note on Wednesday, November 6th. They issued a “buy” rating and a $130.00 price target for the company. StockNews.com upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Friday, August 9th. Finally, Wells Fargo & Company dropped their price target on shares of Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating for the company in a research note on Friday, September 13th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Ryman Hospitality Properties has an average rating of “Moderate Buy” and an average target price of $126.17.

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.