Pathstone Holdings LLC Acquires 1,800 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Pathstone Holdings LLC grew its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 9.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,528 shares of the real estate investment trust’s stock after buying an additional 1,800 shares during the period. Pathstone Holdings LLC’s holdings in Ryman Hospitality Properties were worth $2,203,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of RHP. BOKF NA boosted its holdings in shares of Ryman Hospitality Properties by 119.5% during the 1st quarter. BOKF NA now owns 3,156 shares of the real estate investment trust’s stock valued at $366,000 after buying an additional 1,718 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Ryman Hospitality Properties by 6.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 35,926 shares of the real estate investment trust’s stock worth $4,154,000 after purchasing an additional 2,144 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Ryman Hospitality Properties by 12.3% in the 1st quarter. Janus Henderson Group PLC now owns 31,261 shares of the real estate investment trust’s stock worth $3,614,000 after purchasing an additional 3,431 shares in the last quarter. Tidal Investments LLC boosted its stake in Ryman Hospitality Properties by 33.6% in the 1st quarter. Tidal Investments LLC now owns 2,646 shares of the real estate investment trust’s stock worth $306,000 after purchasing an additional 666 shares in the last quarter. Finally, LRI Investments LLC bought a new position in Ryman Hospitality Properties in the 1st quarter worth about $115,000. Institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Price Performance

Shares of NYSE:RHP opened at $117.04 on Wednesday. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.73 and a current ratio of 1.73. Ryman Hospitality Properties, Inc. has a fifty-two week low of $93.76 and a fifty-two week high of $122.91. The firm has a market cap of $7.01 billion, a price-to-earnings ratio of 20.84, a price-to-earnings-growth ratio of 2.03 and a beta of 1.65. The business has a 50-day simple moving average of $110.23 and a two-hundred day simple moving average of $104.51.

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

Ryman Hospitality Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $1.15 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This is an increase from Ryman Hospitality Properties’s previous quarterly dividend of $1.10. This represents a $4.60 annualized dividend and a yield of 3.93%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 81.71%.

Insider Transactions at Ryman Hospitality Properties

In other news, Director Fazal F. Merchant sold 1,269 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $113.98, for a total value of $144,640.62. Following the transaction, the director now owns 4,825 shares of the company’s stock, valued at $549,953.50. This trade represents a 20.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alvin L. Bowles, Jr. sold 900 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $107.32, for a total value of $96,588.00. Following the transaction, the director now owns 3,148 shares of the company’s stock, valued at approximately $337,843.36. This trade represents a 22.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company’s stock.

Analyst Ratings Changes

RHP has been the topic of a number of analyst reports. JPMorgan Chase & Co. upped 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. StockNews.com upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Friday, August 9th. Truist Financial upped 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. Wells Fargo & Company dropped their price target on shares of Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating on the stock in a research note on Friday, September 13th. Finally, Jefferies Financial Group assumed 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 on the stock. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus 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.