Invesco Ltd. Buys 3,961 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Invesco Ltd. raised its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 3.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 107,888 shares of the real estate investment trust’s stock after acquiring an additional 3,961 shares during the period. Invesco Ltd.’s holdings in Ryman Hospitality Properties were worth $11,257,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of RHP. Heck Capital Advisors LLC bought a new stake in shares of Ryman Hospitality Properties in the 4th quarter worth about $31,000. Harvest Fund Management Co. Ltd bought a new stake in Ryman Hospitality Properties during the fourth quarter worth approximately $72,000. Venturi Wealth Management LLC purchased a new stake in Ryman Hospitality Properties during the fourth quarter valued at approximately $83,000. Blue Trust Inc. lifted its stake in shares of Ryman Hospitality Properties by 23.4% in the 4th 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, Aster Capital Management DIFC Ltd purchased a new position in shares of Ryman Hospitality Properties in the 4th quarter worth approximately $204,000. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Stock Performance

Shares of NYSE:RHP opened at $85.93 on Wednesday. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.73 and a current ratio of 1.73. The firm has a market cap of $5.16 billion, a PE ratio of 19.57, a price-to-earnings-growth ratio of 2.71 and a beta of 1.38. The firm’s 50 day simple moving average is $92.99 and its 200-day simple moving average is $103.33. Ryman Hospitality Properties, Inc. has a one year low of $76.27 and a one year high of $121.77.

Ryman Hospitality Properties (NYSE:RHP) last issued its earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.94. Ryman Hospitality Properties had a return on equity of 49.23% and a net margin of 11.61%. The business had revenue of $647.63 million during the quarter, compared to analyst estimates of $656.01 million. As a group, equities analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.

Ryman Hospitality Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 5.35%. The ex-dividend date of this dividend was Monday, March 31st. Ryman Hospitality Properties’s payout ratio is 104.78%.

Insider Buying and Selling at Ryman Hospitality Properties

In related news, Chairman Colin V. Reed purchased 8,231 shares of the business’s 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 acquisition, the chairman now owns 832,260 shares of the company’s stock, valued at $81,178,640.40. The trade was a 1.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 value of $45,895.19. Following the sale, the director now owns 2,675 shares of the company’s stock, valued at $259,555.25. This trade represents a 15.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.00% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. StockNews.com upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Saturday, March 1st. Wells Fargo & Company dropped 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 research note on Tuesday, February 18th. Truist Financial reduced their price objective on shares of Ryman Hospitality Properties from $133.00 to $127.00 and set a “buy” rating on the stock in a research report on Friday, March 21st. Finally, Jefferies Financial Group dropped their target price on Ryman Hospitality Properties from $118.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $119.67.

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.