Ryman Hospitality Properties, Inc. (NYSE:RHP) Position Increased by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. raised its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 3.1% in the 4th quarter, Holdings Channel reports. The firm owned 8,033 shares of the real estate investment trust’s stock after purchasing an additional 238 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Ryman Hospitality Properties were worth $838,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the business. Arizona State Retirement System increased its stake in Ryman Hospitality Properties by 0.8% during the fourth quarter. Arizona State Retirement System now owns 16,515 shares of the real estate investment trust’s stock valued at $1,723,000 after purchasing an additional 132 shares during the last quarter. Avior Wealth Management LLC increased its stake in Ryman Hospitality Properties by 44.9% during the third quarter. Avior Wealth Management LLC now owns 442 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 137 shares during the last quarter. Tidal Investments LLC increased its stake in Ryman Hospitality Properties by 2.1% during the third quarter. Tidal Investments LLC now owns 7,264 shares of the real estate investment trust’s stock valued at $779,000 after purchasing an additional 152 shares during the last quarter. Blue Trust Inc. increased its stake in Ryman Hospitality Properties by 23.4% during the fourth quarter. Blue Trust Inc. now owns 845 shares of the real estate investment trust’s stock valued at $91,000 after purchasing an additional 160 shares during the last quarter. Finally, Captrust Financial Advisors increased its stake in Ryman Hospitality Properties by 4.2% during the third quarter. Captrust Financial Advisors now owns 5,283 shares of the real estate investment trust’s stock valued at $567,000 after purchasing an additional 213 shares during the last quarter. Institutional investors own 94.48% of the company’s stock.

Insider Buying and Selling

In other Ryman Hospitality Properties news, Director Alvin L. Bowles, Jr. sold 473 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $97.03, for a total value of $45,895.19. Following the completion of the sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Colin V. Reed purchased 8,231 shares of the business’s stock in a transaction on Wednesday, February 26th. The stock was acquired at an average cost of $97.54 per share, with a total value of $802,851.74. Following the completion of the acquisition, the chairman now directly owns 832,260 shares in the company, valued at $81,178,640.40. The trade was a 1.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 3.00% of the company’s stock.

Ryman Hospitality Properties Stock Performance

RHP stock opened at $95.66 on Friday. The company has a market capitalization of $5.73 billion, a P/E ratio of 21.79, a PEG ratio of 2.71 and a beta of 1.65. The company has a 50-day simple moving average of $101.01 and a 200 day simple moving average of $106.34. Ryman Hospitality Properties, Inc. has a fifty-two week low of $93.17 and a fifty-two 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.

Ryman Hospitality Properties (NYSE:RHP) last posted its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.94. The business 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%. 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 business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 4.81%. The ex-dividend date of this dividend is Monday, March 31st. Ryman Hospitality Properties’s payout ratio is currently 104.78%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on RHP shares. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $100.00 target price on shares of Ryman Hospitality Properties in a research note on Friday, December 13th. StockNews.com raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Saturday, March 1st. Truist Financial reissued a “buy” rating and set 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 started coverage on shares of Ryman Hospitality Properties in a report on Monday, December 9th. They set an “outperform” rating and a $133.00 price target for the company. Finally, Wells Fargo & Company reduced their price target on shares of 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 issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Ryman Hospitality Properties presently has an average rating of “Moderate Buy” and an average target price of $125.67.

Ryman Hospitality Properties 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.