Harbour Capital Advisors LLC Has $630,000 Stock Holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Harbour Capital Advisors LLC decreased its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 58.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,680 shares of the real estate investment trust’s stock after selling 8,146 shares during the period. Harbour Capital Advisors LLC’s holdings in Ryman Hospitality Properties were worth $630,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Fifth Third Bancorp boosted its stake in Ryman Hospitality Properties by 347.6% in the 2nd quarter. Fifth Third Bancorp now owns 282 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 219 shares in the last quarter. Larson Financial Group LLC bought a new position in shares of Ryman Hospitality Properties during the first quarter valued at $35,000. SYSTM Wealth Solutions LLC acquired a new stake in shares of Ryman Hospitality Properties in the 2nd quarter valued at $32,000. Quest Partners LLC grew its holdings in shares of Ryman Hospitality Properties by 8,450.0% in 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 during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of 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 worth $43,000 after purchasing an additional 103 shares in the last quarter. 94.48% of the stock is owned by institutional investors and hedge funds.

Ryman Hospitality Properties Price Performance

Shares of RHP stock opened at $111.18 on Friday. The firm has a market cap of $6.66 billion, a price-to-earnings ratio of 23.02, a PEG ratio of 2.36 and a beta of 1.66. Ryman Hospitality Properties, Inc. has a 12 month low of $81.90 and a 12 month high of $122.91. 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 stock has a 50-day moving average price of $105.12 and a 200 day moving average price of $104.24.

Ryman Hospitality Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date was Monday, September 30th. Ryman Hospitality Properties’s dividend payout ratio (DPR) is 91.10%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on RHP shares. Wells Fargo & Company reduced 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 report on Friday, September 13th. StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Friday, August 9th. Finally, JPMorgan Chase & Co. raised their price target on Ryman Hospitality Properties from $104.00 to $105.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Ryman Hospitality Properties presently has an average rating of “Moderate Buy” and an average price target of $124.20.

Insider Activity at Ryman Hospitality Properties

In related news, Chairman Colin V. Reed acquired 8,077 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The stock was acquired at an average cost of $97.78 per share, with a total value of $789,769.06. Following the completion of the purchase, the chairman now directly owns 827,220 shares in the company, valued at approximately $80,885,571.60. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Chairman Colin V. Reed bought 8,077 shares of Ryman Hospitality Properties stock in a transaction on Tuesday, August 6th. The shares were purchased at an average price of $97.78 per share, for a total transaction of $789,769.06. Following the completion of the acquisition, the chairman now owns 827,220 shares in the company, valued at approximately $80,885,571.60. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 value of $96,588.00. Following the transaction, the director now owns 3,148 shares of the company’s stock, valued at $337,843.36. The trade was a 0.00 % 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 company insiders.

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.