FORA Capital LLC Grows Stock Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

FORA Capital LLC raised its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 48.7% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 10,823 shares of the real estate investment trust’s stock after buying an additional 3,547 shares during the period. FORA Capital LLC’s holdings in Ryman Hospitality Properties were worth $1,161,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of RHP. Principal Financial Group Inc. raised its stake in shares of Ryman Hospitality Properties by 194.0% during the 2nd quarter. Principal Financial Group Inc. now owns 2,222,077 shares of the real estate investment trust’s stock valued at $221,896,000 after buying an additional 1,466,220 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Ryman Hospitality Properties by 264.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,199,392 shares of the real estate investment trust’s stock valued at $119,771,000 after acquiring an additional 870,081 shares during the period. Victory Capital Management Inc. grew its position in shares of Ryman Hospitality Properties by 3,800.4% during the 3rd quarter. Victory Capital Management Inc. now owns 292,410 shares of the real estate investment trust’s stock valued at $31,358,000 after acquiring an additional 284,913 shares during the period. Reinhart Partners LLC. grew its position in shares of Ryman Hospitality Properties by 55.5% during the 3rd quarter. Reinhart Partners LLC. now owns 383,026 shares of the real estate investment trust’s stock valued at $41,076,000 after acquiring an additional 136,756 shares during the period. Finally, Duff & Phelps Investment Management Co. grew its position in shares of Ryman Hospitality Properties by 24.9% during the 2nd quarter. Duff & Phelps Investment Management Co. now owns 552,346 shares of the real estate investment trust’s stock valued at $55,157,000 after acquiring an additional 110,027 shares during the period. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on RHP shares. Truist Financial raised their target price on Ryman Hospitality Properties from $130.00 to $136.00 and gave the company a “buy” rating in a research report on Monday, November 18th. Wells Fargo & Company dropped their target price on 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. JPMorgan Chase & Co. raised their target price on Ryman Hospitality Properties from $104.00 to $105.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. StockNews.com upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Friday, August 9th. Finally, Jefferies Financial Group assumed coverage on Ryman Hospitality Properties in a report on Wednesday, November 6th. They issued a “buy” rating and a $130.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $126.17.

Ryman Hospitality Properties Trading Down 0.3 %

RHP stock opened at $116.72 on Thursday. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 6.07. The business’s 50-day moving average is $110.77 and its 200 day moving average is $104.67. Ryman Hospitality Properties, Inc. has a 12-month low of $93.76 and a 12-month high of $122.91. The stock has a market cap of $6.99 billion, a price-to-earnings ratio of 20.73, a PEG ratio of 2.06 and a beta of 1.65.

Ryman Hospitality Properties (NYSE:RHP) last released its earnings results on Monday, November 4th. The real estate investment trust reported $0.94 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $549.90 million during the quarter, compared to analysts’ expectations of $545.93 million. During the same period last year, the business earned $1.73 earnings per share. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.44 EPS for the current fiscal year.

Ryman Hospitality Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 3.94%. This is a positive change from Ryman Hospitality Properties’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Tuesday, December 31st. Ryman Hospitality Properties’s dividend payout ratio (DPR) is 78.15%.

Insiders Place Their Bets

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

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.