Charles Schwab Investment Management Inc. Buys 14,861 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Charles Schwab Investment Management Inc. boosted its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 1.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 979,176 shares of the real estate investment trust’s stock after acquiring an additional 14,861 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Ryman Hospitality Properties were worth $102,167,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its position in shares of Ryman Hospitality Properties by 79.9% during the third quarter. Farther Finance Advisors LLC now owns 491 shares of the real estate investment trust’s stock valued at $53,000 after buying an additional 218 shares during the period. Van ECK Associates Corp boosted its position in shares of Ryman Hospitality Properties by 12.3% during the third quarter. Van ECK Associates Corp now owns 10,080 shares of the real estate investment trust’s stock valued at $1,066,000 after buying an additional 1,107 shares during the period. Principal Financial Group Inc. boosted its position in shares of Ryman Hospitality Properties by 41.9% during 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 buying an additional 931,283 shares during the period. Summit Global Investments boosted its position in shares of Ryman Hospitality Properties by 23.7% during the third quarter. Summit Global Investments now owns 7,444 shares of the real estate investment trust’s stock valued at $798,000 after buying an additional 1,427 shares during the period. Finally, State of New Jersey Common Pension Fund D boosted its position in shares of Ryman Hospitality Properties by 5.2% during the third quarter. State of New Jersey Common Pension Fund D now owns 59,637 shares of the real estate investment trust’s stock valued at $6,395,000 after buying an additional 2,921 shares during the period. 94.48% of the stock is owned by institutional investors.

Ryman Hospitality Properties Stock Performance

Shares of NYSE:RHP opened at $98.85 on Monday. The company has a market capitalization of $5.92 billion, a price-to-earnings ratio of 22.52, a price-to-earnings-growth ratio of 2.71 and a beta of 1.65. Ryman Hospitality Properties, Inc. has a 52 week low of $93.76 and a 52 week high of $121.77. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 6.07. The firm has a 50 day moving average of $102.33 and a 200 day moving average of $106.81.

Ryman Hospitality Properties (NYSE:RHP) last issued its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.94. The company had revenue of $647.63 million during 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, sell-side analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders 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 dividend yield of 4.65%. The ex-dividend date of this dividend is Monday, March 31st. Ryman Hospitality Properties’s payout ratio is presently 104.78%.

Insider Transactions at Ryman Hospitality Properties

In other news, Director Alvin L. Bowles, Jr. sold 473 shares of the company’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $97.03, for a total transaction of $45,895.19. Following the transaction, the director now directly owns 2,675 shares of the company’s stock, valued at approximately $259,555.25. This represents a 15.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Colin V. Reed purchased 8,231 shares of Ryman Hospitality Properties stock in a transaction dated Wednesday, February 26th. The shares were acquired at an average cost of $97.54 per share, for a total transaction of $802,851.74. Following the completion of the transaction, the chairman now owns 832,260 shares of the company’s stock, valued at approximately $81,178,640.40. This represents a 1.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 3.00% of the company’s stock.

Wall Street Analyst Weigh In

RHP has been the subject of several recent analyst reports. JPMorgan Chase & Co. restated an “underweight” rating and set a $100.00 target price on shares of Ryman Hospitality Properties in a research report on Friday, December 13th. Truist Financial reiterated a “buy” rating and issued a $133.00 price target (down previously from $136.00) on shares of Ryman Hospitality Properties in a report on Tuesday, February 25th. BMO Capital Markets initiated coverage on Ryman Hospitality Properties in a report on Monday, December 9th. They issued an “outperform” rating and a $133.00 price target for the company. StockNews.com upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Saturday, March 1st. Finally, Wells Fargo & Company lowered their price target on Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating for the company in a report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $125.67.

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.