1,965 Shares in Ryman Hospitality Properties, Inc. (NYSE:RHP) Purchased by Schnieders Capital Management LLC

Schnieders Capital Management LLC acquired a new position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,965 shares of the real estate investment trust’s stock, valued at approximately $216,000.

Several other institutional investors and hedge funds also recently modified their holdings of RHP. Adage Capital Partners GP L.L.C. purchased a new stake in shares of Ryman Hospitality Properties in the third quarter valued at about $21,653,000. Vanguard Group Inc. lifted its holdings in shares of Ryman Hospitality Properties by 2.7% in the third quarter. Vanguard Group Inc. now owns 8,307,026 shares of the real estate investment trust’s stock valued at $691,809,000 after purchasing an additional 216,137 shares in the last quarter. Land & Buildings Investment Management LLC acquired a new position in shares of Ryman Hospitality Properties in the third quarter valued at approximately $15,018,000. Aew Capital Management L P raised its position in shares of Ryman Hospitality Properties by 23.4% in the third quarter. Aew Capital Management L P now owns 746,145 shares of the real estate investment trust’s stock valued at $62,139,000 after buying an additional 141,361 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of Ryman Hospitality Properties by 33.7% in the third quarter. Ameriprise Financial Inc. now owns 555,473 shares of the real estate investment trust’s stock valued at $46,199,000 after buying an additional 139,867 shares during the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Insider Transactions at Ryman Hospitality Properties

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

Ryman Hospitality Properties Trading Down 0.3 %

Shares of Ryman Hospitality Properties stock traded down $0.35 during trading hours on Wednesday, hitting $107.89. The company’s stock had a trading volume of 409,174 shares, compared to its average volume of 425,850. Ryman Hospitality Properties, Inc. has a 1-year low of $79.86 and a 1-year high of $122.91. The business has a fifty day moving average of $115.11 and a 200 day moving average of $106.63. The company has a market capitalization of $6.46 billion, a PE ratio of 20.91, a P/E/G ratio of 0.75 and a beta of 1.57. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were given a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 4.08%. The ex-dividend date of this dividend was Wednesday, March 27th. Ryman Hospitality Properties’s payout ratio is currently 84.94%.

Wall Street Analysts Forecast Growth

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

Ryman Hospitality Properties 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.