Ryman Hospitality Properties, Inc. (NYSE:RHP) Position Raised by Panagora Asset Management Inc.

Panagora Asset Management Inc. raised its stake in Ryman Hospitality Properties, Inc. (NYSE:RHPFree Report) by 61.1% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 204,781 shares of the real estate investment trust’s stock after buying an additional 77,670 shares during the quarter. Panagora Asset Management Inc. owned approximately 0.34% of Ryman Hospitality Properties worth $22,538,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC bought a new stake in Ryman Hospitality Properties in the fourth quarter valued at $27,000. Signaturefd LLC lifted its stake in 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 buying an additional 275 shares during the last quarter. Covestor Ltd raised its stake in shares of Ryman Hospitality Properties by 15.5% during the third quarter. Covestor Ltd now owns 1,218 shares of the real estate investment trust’s stock valued at $101,000 after purchasing an additional 163 shares in the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in shares of Ryman Hospitality Properties during the fourth quarter valued at about $213,000. Finally, Schnieders Capital Management LLC bought a new stake in shares of Ryman Hospitality Properties during the fourth quarter valued at about $216,000. 94.48% of the stock is currently owned by institutional investors.

Ryman Hospitality Properties Price Performance

NYSE:RHP opened at $105.36 on Friday. The business’s 50-day moving average price is $110.74 and its 200 day moving average price is $108.92. The firm has a market cap of $6.31 billion, a P/E ratio of 21.81, a PEG ratio of 2.23 and a beta of 1.59. Ryman Hospitality Properties, Inc. has a 52-week low of $79.86 and a 52-week high of $122.91. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 6.33.

Ryman Hospitality Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a $1.10 dividend. The ex-dividend date is Friday, June 28th. This represents a $4.40 dividend on an annualized basis and a yield of 4.18%. Ryman Hospitality Properties’s dividend payout ratio is currently 91.10%.

Insider Buying and Selling

In related news, COO Patrick S. Chaffin sold 16,189 shares of Ryman Hospitality Properties stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $119.74, for a total value of $1,938,470.86. Following the transaction, the chief operating officer now owns 17,618 shares of the company’s stock, valued at approximately $2,109,579.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Ryman Hospitality Properties news, COO Patrick S. Chaffin sold 16,189 shares of Ryman Hospitality Properties stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $119.74, for a total transaction of $1,938,470.86. Following the transaction, the chief operating officer now owns 17,618 shares of the company’s stock, valued at approximately $2,109,579.32. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Colin V. Reed bought 13,800 shares of the stock in a transaction on Tuesday, May 7th. The shares were acquired at an average cost 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 $87,156,815.20. The disclosure for this purchase can be found here. 3.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on RHP shares. 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 research note on Thursday, March 14th. StockNews.com upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Tuesday. 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 note on Friday, February 2nd. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Ryman Hospitality Properties from $141.00 to $136.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Finally, Wells Fargo & Company lifted their target price on Ryman Hospitality Properties from $125.00 to $133.00 and gave the stock an “overweight” rating in a report on Thursday, March 21st. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $119.00.

Get Our Latest Stock Analysis on Ryman Hospitality Properties

About Ryman Hospitality Properties

(Free Report)

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.

Read More

Institutional Ownership by Quarter for Ryman Hospitality Properties (NYSE:RHP)

Receive News & Ratings for Ryman Hospitality Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ryman Hospitality Properties and related companies with MarketBeat.com's FREE daily email newsletter.