Western Wealth Management LLC Buys Shares of 2,000 Ryman Hospitality Properties, Inc. (NYSE:RHP)

Western Wealth Management LLC bought a new stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,000 shares of the real estate investment trust’s stock, valued at approximately $220,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RHP. National Bank of Canada FI acquired a new stake in shares of Ryman Hospitality Properties during the 3rd quarter worth approximately $3,263,000. SG Americas Securities LLC grew its holdings in shares of Ryman Hospitality Properties by 123.6% during the 3rd quarter. SG Americas Securities LLC now owns 14,831 shares of the real estate investment trust’s stock worth $1,235,000 after purchasing an additional 8,199 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in shares of Ryman Hospitality Properties by 1.4% during the 3rd quarter. State of Alaska Department of Revenue now owns 27,423 shares of the real estate investment trust’s stock worth $2,283,000 after purchasing an additional 369 shares in the last quarter. Peregrine Capital Management LLC grew its holdings in shares of Ryman Hospitality Properties by 3.5% during the 3rd quarter. Peregrine Capital Management LLC now owns 109,063 shares of the real estate investment trust’s stock worth $9,083,000 after purchasing an additional 3,710 shares in the last quarter. Finally, Cannon Global Investment Management LLC acquired a new stake in shares of Ryman Hospitality Properties during the 3rd quarter worth approximately $316,000. Institutional investors and hedge funds own 94.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on RHP. Wells Fargo & Company raised their target price on Ryman Hospitality Properties from $125.00 to $133.00 and gave the stock an “overweight” rating in a research report on Thursday, March 21st. Raymond James raised their target price on Ryman Hospitality Properties from $115.00 to $135.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Truist Financial raised their target price on Ryman Hospitality Properties from $134.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Finally, StockNews.com upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Friday, February 23rd. 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, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $118.00.

Insider Buying and Selling at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, COO Patrick S. Chaffin sold 16,189 shares of Ryman Hospitality Properties stock in a transaction on 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 completion of the transaction, the chief operating officer now owns 17,618 shares in the company, valued at approximately $2,109,579.32. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 3.00% of the company’s stock.

Ryman Hospitality Properties Trading Up 2.0 %

Shares of RHP opened at $106.51 on Tuesday. The stock has a fifty day moving average price of $115.17 and a two-hundred day moving average price of $106.46. The company has a debt-to-equity ratio of 5.90, a quick ratio of 1.97 and a current ratio of 1.97. Ryman Hospitality Properties, Inc. has a 52-week low of $79.86 and a 52-week high of $122.91. The company has a market cap of $6.38 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 0.73 and a beta of 1.57.

Ryman Hospitality Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were given a $1.10 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $4.40 annualized dividend and a yield of 4.13%. Ryman Hospitality Properties’s payout ratio is 84.94%.

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.