RFG Bristol Wealth Advisors LLC Buys New Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

RFG Bristol Wealth Advisors LLC acquired a new stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 11,850 shares of the real estate investment trust’s stock, valued at approximately $1,236,000.

Other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. lifted its position in shares of Ryman Hospitality Properties by 41.9% in the third quarter. Principal Financial Group Inc. now owns 3,153,360 shares of the real estate investment trust’s stock valued at $338,168,000 after acquiring an additional 931,283 shares in the last quarter. Cooke & Bieler LP bought a new position in shares of Ryman Hospitality Properties during the fourth quarter worth $74,811,000. Hamlin Capital Management LLC bought a new stake in Ryman Hospitality Properties in the 4th quarter valued at $65,142,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Ryman Hospitality Properties by 483.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 609,761 shares of the real estate investment trust’s stock worth $65,391,000 after purchasing an additional 505,207 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Ryman Hospitality Properties during the 4th quarter valued at about $29,448,000. Institutional investors own 94.48% of the company’s stock.

Wall Street Analyst Weigh In

RHP has been the topic of several research reports. StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Saturday, March 1st. Truist Financial reduced their price objective on Ryman Hospitality Properties from $133.00 to $127.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $100.00 price objective on shares of Ryman Hospitality Properties in a research note on Friday, December 13th. Wells Fargo & Company decreased their price target on Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. Finally, BMO Capital Markets began coverage on shares of Ryman Hospitality Properties in a research note on Monday, December 9th. They issued an “outperform” rating and a $133.00 target price on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Ryman Hospitality Properties has an average rating of “Moderate Buy” and a consensus target price of $124.67.

Insiders Place Their Bets

In related news, Director Alvin L. Bowles, Jr. sold 473 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $97.03, for a total transaction of $45,895.19. Following the completion of the sale, the director now owns 2,675 shares of the company’s stock, valued at $259,555.25. This represents a 15.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Colin V. Reed purchased 8,231 shares of the business’s stock in a transaction on Wednesday, February 26th. The stock was purchased at an average cost of $97.54 per share, for a total transaction of $802,851.74. Following the completion of the acquisition, the chairman now directly owns 832,260 shares of the company’s stock, valued at approximately $81,178,640.40. The trade was a 1.00 % increase in their position. The disclosure for this purchase can be found here. 3.00% of the stock is currently owned by corporate insiders.

Ryman Hospitality Properties Price Performance

RHP opened at $92.58 on Wednesday. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 6.07. The business’s fifty day simple moving average is $99.55 and its 200-day simple moving average is $106.04. The company has a market capitalization of $5.55 billion, a price-to-earnings ratio of 21.09, a PEG ratio of 2.71 and a beta of 1.65. Ryman Hospitality Properties, Inc. has a 12-month low of $89.01 and a 12-month high of $121.77.

Ryman Hospitality Properties (NYSE:RHP) last released its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.94. The firm had revenue of $647.63 million for the quarter, compared to the consensus estimate of $656.01 million. Ryman Hospitality Properties had a net margin of 11.61% and a return on equity of 49.23%. On average, equities research analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 4.97%. The ex-dividend date of this dividend is Monday, March 31st. Ryman Hospitality Properties’s payout ratio is currently 104.78%.

Ryman Hospitality Properties Company 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.