Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Bought by Copeland Capital Management LLC

Copeland Capital Management LLC lifted its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 45.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 343,503 shares of the real estate investment trust’s stock after acquiring an additional 107,269 shares during the period. Copeland Capital Management LLC’s holdings in Ryman Hospitality Properties were worth $36,837,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in RHP. Fifth Third Bancorp raised its position in Ryman Hospitality Properties by 347.6% during the second quarter. Fifth Third Bancorp now owns 282 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 219 shares during the last quarter. SYSTM Wealth Solutions LLC purchased a new position in shares of Ryman Hospitality Properties during the 2nd quarter worth approximately $32,000. Quest Partners LLC increased its stake in shares of Ryman Hospitality Properties by 8,450.0% during the 2nd quarter. Quest Partners LLC now owns 342 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 338 shares in the last quarter. Larson Financial Group LLC purchased a new stake in Ryman Hospitality Properties in the 1st quarter valued at approximately $35,000. Finally, GAMMA Investing LLC grew its holdings in Ryman Hospitality Properties by 34.6% during the 3rd quarter. GAMMA Investing LLC now owns 401 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 103 shares during the last quarter. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

RHP has been the subject of a number of analyst reports. JPMorgan Chase & Co. boosted their price target on Ryman Hospitality Properties from $104.00 to $105.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Wells Fargo & Company reduced their target price on shares of Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating on the stock in a report on Friday, September 13th. Finally, StockNews.com upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $124.20.

Ryman Hospitality Properties Stock Down 1.5 %

Shares of RHP opened at $107.65 on Tuesday. The firm has a market cap of $6.45 billion, a PE ratio of 22.29, a price-to-earnings-growth ratio of 2.36 and a beta of 1.66. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 5.96. The company’s fifty day moving average is $105.49 and its two-hundred day moving average is $104.01. Ryman Hospitality Properties, Inc. has a fifty-two week low of $81.90 and a fifty-two week high of $122.91.

Ryman Hospitality Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date was Monday, September 30th. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 91.10%.

Insiders Place Their Bets

In other news, Director Alvin L. Bowles, Jr. sold 900 shares of the business’s 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 completion of the sale, the director now owns 3,148 shares in the company, valued at approximately $337,843.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Chairman Colin V. Reed acquired 8,077 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were bought at an average cost of $97.78 per share, with a total value of $789,769.06. Following the completion of the transaction, the chairman now directly owns 827,220 shares of the company’s stock, valued at $80,885,571.60. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alvin L. Bowles, Jr. sold 900 shares of the company’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $107.32, for a total value of $96,588.00. Following the completion of the sale, the director now directly owns 3,148 shares of the company’s stock, valued at $337,843.36. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by insiders.

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.