Tred Avon Family Wealth LLC Makes New $809,000 Investment in Ryman Hospitality Properties, Inc. $RHP

Tred Avon Family Wealth LLC purchased a new position in Ryman Hospitality Properties, Inc. (NYSE:RHP) in the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 9,025 shares of the real estate investment trust’s stock, valued at approximately $809,000.

Other hedge funds have also made changes to their positions in the company. Evergreen Capital Management LLC acquired a new stake in Ryman Hospitality Properties in the third quarter worth approximately $321,000. Reinhart Partners LLC. raised its stake in shares of Ryman Hospitality Properties by 1.4% in the 3rd quarter. Reinhart Partners LLC. now owns 603,537 shares of the real estate investment trust’s stock worth $54,072,000 after buying an additional 8,253 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. raised its stake in shares of Ryman Hospitality Properties by 3.3% in the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 229,021 shares of the real estate investment trust’s stock worth $20,518,000 after buying an additional 7,401 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Ryman Hospitality Properties by 4.4% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 108,310 shares of the real estate investment trust’s stock valued at $9,703,000 after buying an additional 4,529 shares during the period. Finally, New York State Teachers Retirement System boosted its stake in Ryman Hospitality Properties by 1.4% during the third quarter. New York State Teachers Retirement System now owns 25,727 shares of the real estate investment trust’s stock valued at $2,305,000 after buying an additional 344 shares in the last quarter. Institutional investors and hedge funds own 94.48% of the company’s stock.

Analysts Set New Price Targets

RHP has been the topic of several research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $131.00 price target on shares of Ryman Hospitality Properties in a research report on Tuesday. Barclays set a $109.00 target price on shares of Ryman Hospitality Properties in a report on Tuesday. Cantor Fitzgerald started coverage on shares of Ryman Hospitality Properties in a research report on Wednesday, October 1st. They issued an “overweight” rating and a $108.00 price target on the stock. Truist Financial increased their price objective on Ryman Hospitality Properties from $120.00 to $121.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. Finally, Wells Fargo & Company decreased their target price on Ryman Hospitality Properties from $114.00 to $109.00 and set an “overweight” rating on the stock in a report on Monday, December 1st. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $110.27.

Ryman Hospitality Properties Trading Up 0.1%

Ryman Hospitality Properties stock opened at $94.79 on Friday. The company has a 50 day moving average price of $94.92 and a 200 day moving average price of $95.09. Ryman Hospitality Properties, Inc. has a 52 week low of $76.27 and a 52 week high of $108.42. The company has a debt-to-equity ratio of 4.98, a quick ratio of 1.49 and a current ratio of 1.49. The firm has a market capitalization of $5.97 billion, a price-to-earnings ratio of 25.08, a P/E/G ratio of 2.40 and a beta of 1.22.

Ryman Hospitality Properties (NYSE:RHP) last posted its quarterly earnings data on Tuesday, November 4th. The real estate investment trust reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.04. The firm had revenue of $592.46 million for the quarter, compared to analysts’ expectations of $573.40 million. Ryman Hospitality Properties had a net margin of 9.58% and a return on equity of 34.50%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.93 EPS. Research analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.

Ryman Hospitality Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were paid a $1.20 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $4.80 annualized dividend and a yield of 5.1%. This is an increase from Ryman Hospitality Properties’s previous quarterly dividend of $1.15. Ryman Hospitality Properties’s dividend payout ratio (DPR) is currently 126.98%.

Insiders Place Their Bets

In other Ryman Hospitality Properties news, Chairman Colin V. Reed bought 8,993 shares of the stock in a transaction on Friday, November 7th. The shares were bought at an average price of $92.16 per share, with a total value of $828,794.88. Following the purchase, the chairman directly owned 888,010 shares in the company, valued at $81,839,001.60. The trade was a 1.02% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 5.00% of the stock is currently owned by company insiders.

Ryman Hospitality Properties Company Profile

Ryman Hospitality Properties, Inc is a publicly traded real estate investment trust (REIT) specializing in the ownership and operation of group‐oriented, large convention center hotel resorts. The company’s portfolio is anchored by its Gaylord Hotels brand, offering integrated resort, convention, entertainment and dining experiences under long‐term management agreements with Marriott International.

Ryman’s flagship properties include Gaylord Opryland Resort & Convention Center in Nashville, Gaylord Texan Resort & Convention Center near Dallas/Fort Worth and Gaylord Palms Resort & Convention Center in Orlando, Florida.