Xponance Inc. Grows Stock Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Xponance Inc. increased its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 6.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,460 shares of the real estate investment trust’s stock after buying an additional 259 shares during the period. Xponance Inc.’s holdings in Ryman Hospitality Properties were worth $408,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Heck Capital Advisors LLC acquired a new position in Ryman Hospitality Properties in the 4th quarter valued at about $31,000. Fifth Third Bancorp raised its stake in Ryman Hospitality Properties by 175.6% in the 1st quarter. Fifth Third Bancorp now owns 576 shares of the real estate investment trust’s stock valued at $53,000 after purchasing an additional 367 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new position in Ryman Hospitality Properties in the 4th quarter valued at about $72,000. Covestor Ltd raised its stake in Ryman Hospitality Properties by 33.3% in the 4th quarter. Covestor Ltd now owns 829 shares of the real estate investment trust’s stock valued at $87,000 after purchasing an additional 207 shares during the last quarter. Finally, FIL Ltd raised its stake in Ryman Hospitality Properties by 44.5% in the 4th quarter. FIL Ltd now owns 929 shares of the real estate investment trust’s stock valued at $97,000 after purchasing an additional 286 shares during the last quarter. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on RHP. Truist Financial cut their price objective on shares of Ryman Hospitality Properties from $127.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, May 30th. Jefferies Financial Group cut their price objective on shares of Ryman Hospitality Properties from $118.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th. JPMorgan Chase & Co. began coverage on shares of Ryman Hospitality Properties in a report on Monday, June 23rd. They set an “overweight” rating and a $117.00 price objective on the stock. Evercore ISI cut their price objective on shares of Ryman Hospitality Properties from $130.00 to $120.00 and set an “outperform” rating on the stock in a report on Monday, April 28th. Finally, Wells Fargo & Company increased their price objective on shares of Ryman Hospitality Properties from $101.00 to $108.00 and gave the stock an “overweight” rating in a report on Tuesday. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Ryman Hospitality Properties currently has a consensus rating of “Moderate Buy” and an average price target of $115.43.

Ryman Hospitality Properties Stock Performance

Shares of RHP opened at $99.92 on Friday. The business’s fifty day moving average price is $99.15 and its 200 day moving average price is $97.28. Ryman Hospitality Properties, Inc. has a 12-month low of $76.27 and a 12-month high of $121.77. The stock has a market capitalization of $6.00 billion, a PE ratio of 21.17, a price-to-earnings-growth ratio of 2.72 and a beta of 1.57. The company has a debt-to-equity ratio of 5.92, a current ratio of 1.55 and a quick ratio of 1.55.

Ryman Hospitality Properties (NYSE:RHP) last announced its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $2.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.79 by $0.29. Ryman Hospitality Properties had a return on equity of 51.95% and a net margin of 12.16%. The firm had revenue of $587.28 million for the quarter, compared to analysts’ expectations of $546.52 million. During the same period last year, the business posted $1.60 earnings per share. The firm’s revenue for the quarter was up 11.2% on a year-over-year basis. Equities research analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.

Ryman Hospitality Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 4.60%. The ex-dividend date was Monday, June 30th. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 97.46%.

Insiders Place Their Bets

In related news, Chairman Colin V. Reed bought 8,356 shares of the business’s stock in a transaction on Monday, June 9th. The shares were bought at an average cost of $96.92 per share, for a total transaction of $809,863.52. Following the completion of the purchase, the chairman owned 870,406 shares of the company’s stock, valued at $84,359,749.52. This represents a 0.97% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alvin L. Bowles, Jr. sold 1,300 shares of the firm’s stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $99.01, for a total value of $128,713.00. Following the completion of the sale, the director owned 2,576 shares in the company, valued at $255,049.76. The trade was a 33.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.00% of the company’s stock.

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.