Los Angeles Capital Management LLC Makes New Investment in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Los Angeles Capital Management LLC bought a new position in Ryman Hospitality Properties, Inc. (NYSE:RHP) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 8,841 shares of the real estate investment trust’s stock, valued at approximately $973,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in RHP. Xponance Inc. lifted its holdings in Ryman Hospitality Properties by 2.6% during the fourth quarter. Xponance Inc. now owns 3,531 shares of the real estate investment trust’s stock worth $389,000 after buying an additional 91 shares during the period. Harbour Capital Advisors LLC grew its stake in Ryman Hospitality Properties by 0.9% in the fourth quarter. Harbour Capital Advisors LLC now owns 13,440 shares of the real estate investment trust’s stock valued at $1,482,000 after purchasing an additional 115 shares during the last quarter. Covestor Ltd raised its holdings in Ryman Hospitality Properties by 15.5% in the third quarter. Covestor Ltd now owns 1,218 shares of the real estate investment trust’s stock worth $101,000 after purchasing an additional 163 shares in the last quarter. Amalgamated Bank lifted its position in shares of Ryman Hospitality Properties by 2.7% during the third quarter. Amalgamated Bank now owns 8,861 shares of the real estate investment trust’s stock valued at $738,000 after buying an additional 235 shares during the last quarter. Finally, GAMMA Investing LLC bought a new stake in shares of Ryman Hospitality Properties in the 4th quarter valued at about $27,000. Institutional investors own 94.48% of the company’s stock.

Insider Buying and Selling

In other Ryman Hospitality Properties news, Chairman Colin V. Reed purchased 13,800 shares of the stock in a transaction on Tuesday, May 7th. The shares were bought at an average cost of $106.40 per share, with a total value of $1,468,320.00. Following the completion of the acquisition, the chairman now owns 819,143 shares in the company, valued at $87,156,815.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, COO Patrick S. Chaffin sold 16,189 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $119.74, for a total transaction of $1,938,470.86. Following the sale, the chief operating officer now directly owns 17,618 shares of the company’s stock, valued at approximately $2,109,579.32. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Colin V. Reed bought 13,800 shares of the company’s stock in a transaction dated Tuesday, May 7th. The shares were acquired at an average price of $106.40 per share, for a total transaction of $1,468,320.00. Following the completion of the transaction, the chairman now directly 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 corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on RHP. Raymond James increased their target price on shares of Ryman Hospitality Properties from $115.00 to $135.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Deutsche Bank Aktiengesellschaft lowered their price objective on Ryman Hospitality Properties from $141.00 to $136.00 and set a “buy” rating for the company in a research report on Thursday. Wells Fargo & Company upped their target price on Ryman Hospitality Properties from $125.00 to $133.00 and gave the company an “overweight” rating in a research report on Thursday, March 21st. StockNews.com downgraded Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a report on Monday. Finally, Truist Financial upped their price objective on shares of Ryman Hospitality Properties from $134.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, March 14th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $119.00.

Ryman Hospitality Properties Stock Up 1.2 %

Shares of RHP stock opened at $105.39 on Friday. Ryman Hospitality Properties, Inc. has a fifty-two week low of $79.86 and a fifty-two week high of $122.91. The firm has a market capitalization of $6.31 billion, a PE ratio of 21.82, a P/E/G ratio of 0.78 and a beta of 1.59. The company has a debt-to-equity ratio of 5.90, a quick ratio of 1.97 and a current ratio of 1.97. The stock’s 50-day simple moving average is $112.22 and its 200-day simple moving average is $108.04.

Ryman Hospitality Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were issued a $1.10 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $4.40 annualized dividend and a yield of 4.17%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 91.10%.

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.