UniSuper Management Pty Ltd Boosts Stock Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

UniSuper Management Pty Ltd raised its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 1.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,700 shares of the real estate investment trust’s stock after purchasing an additional 300 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Ryman Hospitality Properties were worth $1,931,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Xponance Inc. boosted its stake in shares of Ryman Hospitality Properties by 2.6% in the fourth quarter. Xponance Inc. now owns 3,531 shares of the real estate investment trust’s stock worth $389,000 after buying an additional 91 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Ryman Hospitality Properties by 4.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,383 shares of the real estate investment trust’s stock worth $372,000 after buying an additional 137 shares during the last quarter. New York State Teachers Retirement System boosted its stake in shares of Ryman Hospitality Properties by 3.0% in the first quarter. New York State Teachers Retirement System now owns 5,285 shares of the real estate investment trust’s stock worth $611,000 after buying an additional 152 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Ryman Hospitality Properties by 0.6% in the first quarter. State of Alaska Department of Revenue now owns 27,611 shares of the real estate investment trust’s stock worth $3,191,000 after buying an additional 174 shares during the last quarter. Finally, American International Group Inc. boosted its stake in shares of Ryman Hospitality Properties by 0.6% in the fourth quarter. American International Group Inc. now owns 29,031 shares of the real estate investment trust’s stock worth $3,195,000 after buying an additional 176 shares during the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Insider Buying and Selling

In other Ryman Hospitality Properties news, Chairman Colin V. Reed acquired 13,800 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was bought at an average cost of $106.40 per share, for a total transaction of $1,468,320.00. Following the completion of the transaction, the chairman now owns 819,143 shares of the company’s stock, valued at approximately $87,156,815.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director William E. Haslam bought 9,972 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The stock was purchased at an average cost of $100.28 per share, for a total transaction of $999,992.16. Following the completion of the acquisition, the director now owns 22,790 shares in the company, valued at approximately $2,285,381.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Colin V. Reed bought 13,800 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The stock was bought at an average price of $106.40 per share, with a total value of $1,468,320.00. Following the completion of the acquisition, the chairman now owns 819,143 shares of the company’s stock, valued at approximately $87,156,815.20. The disclosure for this purchase can be found here. 3.00% of the stock is currently owned by company insiders.

Ryman Hospitality Properties Price Performance

Shares of NYSE:RHP traded down $3.41 during midday trading on Wednesday, hitting $99.26. The company had a trading volume of 336,541 shares, compared to its average volume of 436,464. Ryman Hospitality Properties, Inc. has a twelve month low of $79.86 and a twelve month high of $122.91. The company has a debt-to-equity ratio of 6.33, a current ratio of 1.99 and a quick ratio of 1.99. The stock has a market cap of $5.94 billion, a price-to-earnings ratio of 21.26, a price-to-earnings-growth ratio of 2.15 and a beta of 1.64. The business’s 50-day simple moving average is $101.58 and its 200-day simple moving average is $108.86.

Ryman Hospitality Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were issued a $1.10 dividend. The ex-dividend date was Friday, June 28th. This represents a $4.40 annualized dividend and a dividend yield of 4.43%. Ryman Hospitality Properties’s dividend payout ratio is presently 91.10%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on RHP shares. Truist Financial lowered their target price on Ryman Hospitality Properties from $135.00 to $130.00 and set a “buy” rating on the stock in a research note on Thursday, May 30th. StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Monday, July 8th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Ryman Hospitality Properties from $141.00 to $136.00 and set a “buy” rating for the company in a report on Thursday, May 9th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $118.29.

About Ryman Hospitality Properties

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.