GSI Capital Advisors LLC Invests $2.79 Million in Ryman Hospitality Properties, Inc. (NYSE:RHP)

GSI Capital Advisors LLC bought a new stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) in the 4th quarter, Holdings Channel reports. The institutional investor bought 26,744 shares of the real estate investment trust’s stock, valued at approximately $2,790,000. Ryman Hospitality Properties comprises approximately 1.5% of GSI Capital Advisors LLC’s holdings, making the stock its 27th largest position.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Victory Capital Management Inc. grew its position 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 purchasing an additional 255,229 shares in the last quarter. Paradigm Asset Management Co. LLC bought a new position in Ryman Hospitality Properties during the fourth quarter valued at approximately $741,000. Van ECK Associates Corp grew its holdings in Ryman Hospitality Properties by 10.2% during the 4th quarter. Van ECK Associates Corp now owns 11,109 shares of the real estate investment trust’s stock valued at $1,159,000 after buying an additional 1,029 shares in the last quarter. Quantinno Capital Management LP bought a new stake in Ryman Hospitality Properties in the 3rd quarter worth approximately $488,000. Finally, Principal Financial Group Inc. raised its holdings in shares of Ryman Hospitality Properties by 3.2% during the 4th quarter. Principal Financial Group Inc. now owns 3,254,693 shares of the real estate investment trust’s stock worth $339,596,000 after acquiring an additional 101,333 shares in the last quarter. 94.48% of the stock is currently owned by institutional investors.

Insider Activity

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

Analyst Ratings Changes

RHP has been the subject of a number of recent research reports. Truist Financial cut their target price 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. BMO Capital Markets initiated coverage on shares of Ryman Hospitality Properties in a research note on Monday, December 9th. They issued an “outperform” rating and a $133.00 price objective for the company. Wells Fargo & Company decreased their target price on shares of Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $100.00 price target on shares of Ryman Hospitality Properties in a report on Friday, December 13th. Finally, StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Saturday, March 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $124.67.

Ryman Hospitality Properties Price Performance

RHP stock opened at $92.58 on Wednesday. The stock has a market cap of $5.55 billion, a PE ratio of 21.09, a P/E/G ratio of 2.71 and a beta of 1.65. Ryman Hospitality Properties, Inc. has a 12 month low of $89.01 and a 12 month high of $121.77. The company has a 50-day moving average price of $99.55 and a 200 day moving average price of $106.04. 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 (NYSE:RHP) last issued its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.94. Ryman Hospitality Properties had a return on equity of 49.23% and a net margin of 11.61%. The firm had revenue of $647.63 million for the quarter, compared to the consensus estimate of $656.01 million. Equities research analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current year.

Ryman Hospitality Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $1.15 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $4.60 annualized dividend and a dividend yield of 4.97%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is 104.78%.

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.