Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Acquired by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC raised its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 98.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 94,772 shares of the real estate investment trust’s stock after purchasing an additional 47,077 shares during the period. Ryman Hospitality Properties makes up approximately 0.7% of Knights of Columbus Asset Advisors LLC’s investment portfolio, making the stock its 20th biggest position. Knights of Columbus Asset Advisors LLC’s holdings in Ryman Hospitality Properties were worth $10,431,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in RHP. Cetera Advisor Networks LLC acquired a new stake in shares of Ryman Hospitality Properties during the first quarter valued at about $201,000. PNC Financial Services Group Inc. increased its position in shares of Ryman Hospitality Properties by 7.4% during the first quarter. PNC Financial Services Group Inc. now owns 5,250 shares of the real estate investment trust’s stock valued at $486,000 after acquiring an additional 361 shares during the last quarter. MetLife Investment Management LLC increased its position in shares of Ryman Hospitality Properties by 50.0% during the first quarter. MetLife Investment Management LLC now owns 28,440 shares of the real estate investment trust’s stock valued at $2,638,000 after acquiring an additional 9,484 shares during the last quarter. Rhumbline Advisers increased its position in shares of Ryman Hospitality Properties by 2.0% during the first quarter. Rhumbline Advisers now owns 68,297 shares of the real estate investment trust’s stock valued at $6,336,000 after acquiring an additional 1,341 shares during the last quarter. Finally, Great West Life Assurance Co. Can increased its position in shares of Ryman Hospitality Properties by 1.2% during the first quarter. Great West Life Assurance Co. Can now owns 46,668 shares of the real estate investment trust’s stock valued at $4,497,000 after acquiring an additional 563 shares during the last quarter. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on RHP. Raymond James lifted their price objective on shares of Ryman Hospitality Properties from $115.00 to $135.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Truist Financial lifted their price objective on shares of Ryman Hospitality Properties from $134.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, March 14th. StockNews.com upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Friday, February 23rd. Finally, Wells Fargo & Company lifted their price objective on shares of Ryman Hospitality Properties from $125.00 to $133.00 and gave the company an “overweight” rating in a report on Thursday, March 21st. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $118.00.

Ryman Hospitality Properties Stock Down 0.2 %

NYSE RHP traded down $0.22 on Friday, hitting $104.36. 157,347 shares of the stock were exchanged, compared to its average volume of 423,762. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 5.90. Ryman Hospitality Properties, Inc. has a fifty-two week low of $79.86 and a fifty-two week high of $122.91. The company has a market cap of $6.25 billion, a PE ratio of 20.19, a PEG ratio of 0.75 and a beta of 1.57. The company has a 50-day moving average price of $115.54 and a 200-day moving average price of $105.83.

Ryman Hospitality Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 4.22%. The ex-dividend date of this dividend was Wednesday, March 27th. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 84.94%.

Insiders Place Their Bets

In other Ryman Hospitality Properties news, COO Patrick S. Chaffin sold 16,189 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $119.74, for a total transaction of $1,938,470.86. Following the completion of the transaction, the chief operating officer now owns 17,618 shares in the company, valued at approximately $2,109,579.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 3.00% of the stock is currently owned by company 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.