Diversified Trust Co Purchases 709 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Diversified Trust Co increased its position in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 9.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,997 shares of the real estate investment trust’s stock after acquiring an additional 709 shares during the quarter. Diversified Trust Co’s holdings in Ryman Hospitality Properties were worth $799,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Harbor Capital Advisors Inc. lifted its position in Ryman Hospitality Properties by 378.7% during the second quarter. Harbor Capital Advisors Inc. now owns 21,329 shares of the real estate investment trust’s stock valued at $2,130,000 after purchasing an additional 16,873 shares during the last quarter. Beck Bode LLC purchased a new position in shares of Ryman Hospitality Properties during the first quarter worth approximately $4,383,000. LRI Investments LLC purchased a new position in shares of Ryman Hospitality Properties during the first quarter worth approximately $115,000. Tidal Investments LLC raised its stake in shares of Ryman Hospitality Properties by 33.6% during the first quarter. Tidal Investments LLC now owns 2,646 shares of the real estate investment trust’s stock worth $306,000 after acquiring an additional 666 shares in the last quarter. Finally, Janus Henderson Group PLC raised its stake in shares of Ryman Hospitality Properties by 12.3% during the first quarter. Janus Henderson Group PLC now owns 31,261 shares of the real estate investment trust’s stock worth $3,614,000 after acquiring an additional 3,431 shares in the last quarter. 94.48% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Ryman Hospitality Properties

In related news, Chairman Colin V. Reed acquired 8,077 shares of Ryman Hospitality Properties stock in a transaction on Tuesday, August 6th. The shares were acquired at an average cost of $97.78 per share, with a total value of $789,769.06. Following the transaction, the chairman now owns 827,220 shares in the company, valued at $80,885,571.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director William E. Haslam acquired 9,972 shares of Ryman Hospitality Properties stock in a transaction on Thursday, June 13th. The shares were acquired at an average cost of $100.28 per share, with a total value of $999,992.16. Following the transaction, the director now owns 22,790 shares in the company, valued at $2,285,381.20. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman Colin V. Reed bought 8,077 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were acquired at an average price of $97.78 per share, for a total transaction of $789,769.06. Following the acquisition, the chairman now owns 827,220 shares in the company, valued at approximately $80,885,571.60. The disclosure for this purchase can be found here. Insiders own 3.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Truist Financial decreased their price target on shares of Ryman Hospitality Properties from $135.00 to $130.00 and set a “buy” rating on the stock in a research note on Thursday, May 30th. StockNews.com raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Friday, August 9th. Deutsche Bank Aktiengesellschaft decreased their price target 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, JPMorgan Chase & Co. lifted their price target on shares of Ryman Hospitality Properties from $104.00 to $105.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Ryman Hospitality Properties has an average rating of “Moderate Buy” and an average price target of $118.71.

Ryman Hospitality Properties Trading Up 0.3 %

Shares of NYSE RHP traded up $0.27 during mid-day trading on Wednesday, hitting $99.85. The stock had a trading volume of 7,318 shares, compared to its average volume of 457,845. The company has a debt-to-equity ratio of 6.33, a quick ratio of 1.99 and a current ratio of 1.99. The business has a 50 day moving average price of $100.15 and a two-hundred day moving average price of $107.66. The firm has a market cap of $5.98 billion, a P/E ratio of 20.62, a price-to-earnings-growth ratio of 2.08 and a beta of 1.64. Ryman Hospitality Properties, Inc. has a 1 year low of $79.86 and a 1 year high of $122.91.

About Ryman Hospitality Properties

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.