Axxcess Wealth Management LLC Acquires New Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Axxcess Wealth Management LLC bought a new position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 4,457 shares of the real estate investment trust’s stock, valued at approximately $491,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC purchased a new position in shares of Ryman Hospitality Properties during the 4th quarter valued at $27,000. Signaturefd LLC lifted its position in shares of Ryman Hospitality Properties by 518.9% in the fourth quarter. Signaturefd LLC now owns 328 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 275 shares in the last quarter. Covestor Ltd boosted its stake in shares of Ryman Hospitality Properties by 15.5% in the third quarter. Covestor Ltd now owns 1,218 shares of the real estate investment trust’s stock worth $101,000 after acquiring an additional 163 shares during the period. Schnieders Capital Management LLC purchased a new stake in shares of Ryman Hospitality Properties during the fourth quarter worth about $216,000. Finally, TIAA Trust National Association bought a new stake in Ryman Hospitality Properties during the 4th quarter valued at approximately $220,000. Institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Stock Performance

Ryman Hospitality Properties stock opened at $106.45 on Wednesday. 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 twelve month low of $79.86 and a twelve month high of $122.91. The company’s 50-day moving average price is $112.80 and its 200-day moving average price is $108.09. The company has a market cap of $6.38 billion, a PE ratio of 22.04, a price-to-earnings-growth ratio of 0.78 and a beta of 1.59.

Ryman Hospitality Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were given a dividend of $1.10 per share. The ex-dividend date was Wednesday, March 27th. This represents a $4.40 annualized dividend and a dividend yield of 4.13%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 91.10%.

Insiders Place Their Bets

In related news, Chairman Colin V. Reed purchased 13,800 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was purchased at an average price of $106.40 per share, with a total value of $1,468,320.00. Following the completion of the purchase, the chairman now owns 819,143 shares of the company’s stock, valued at approximately $87,156,815.20. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, COO Patrick S. Chaffin sold 16,189 shares of the business’s stock in a transaction 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 sale, the chief operating officer now directly owns 17,618 shares of the company’s stock, valued at $2,109,579.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Colin V. Reed purchased 13,800 shares of the company’s stock in a transaction on Tuesday, May 7th. The shares were purchased at an average price of $106.40 per share, for a total transaction of $1,468,320.00. Following the purchase, the chairman now owns 819,143 shares in the company, valued at approximately $87,156,815.20. The disclosure for this purchase can be found here. Insiders own 3.00% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on RHP shares. 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 research report on Friday, February 2nd. Wells Fargo & Company boosted 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 note on Thursday, March 21st. Truist Financial increased 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. Finally, StockNews.com cut Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a report on Monday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average 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.