Barclays PLC Has $11.62 Million Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Barclays PLC raised its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 238.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,345 shares of the real estate investment trust’s stock after acquiring an additional 76,311 shares during the period. Barclays PLC owned approximately 0.18% of Ryman Hospitality Properties worth $11,619,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Principal Financial Group Inc. increased its stake in Ryman Hospitality Properties by 194.0% in the second quarter. Principal Financial Group Inc. now owns 2,222,077 shares of the real estate investment trust’s stock valued at $221,896,000 after acquiring an additional 1,466,220 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Ryman Hospitality Properties by 264.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,199,392 shares of the real estate investment trust’s stock valued at $119,771,000 after purchasing an additional 870,081 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Ryman Hospitality Properties by 483.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 609,761 shares of the real estate investment trust’s stock worth $65,391,000 after buying an additional 505,207 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Ryman Hospitality Properties by 3,800.4% during the 3rd quarter. Victory Capital Management Inc. now owns 292,410 shares of the real estate investment trust’s stock worth $31,358,000 after buying an additional 284,913 shares during the last quarter. Finally, Reinhart Partners LLC. lifted its position in shares of Ryman Hospitality Properties by 55.5% during the 3rd quarter. Reinhart Partners LLC. now owns 383,026 shares of the real estate investment trust’s stock worth $41,076,000 after buying an additional 136,756 shares during the last quarter. 94.48% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Ryman Hospitality Properties news, Director Fazal F. Merchant sold 1,269 shares of Ryman Hospitality Properties stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $113.98, for a total transaction of $144,640.62. Following the transaction, the director now directly owns 4,825 shares of the company’s stock, valued at $549,953.50. The trade was a 20.82 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alvin L. Bowles, Jr. sold 900 shares of the stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $107.32, for a total transaction of $96,588.00. Following the completion of the sale, the director now owns 3,148 shares of the company’s stock, valued at approximately $337,843.36. This represents a 22.23 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company’s stock.

Ryman Hospitality Properties Stock Down 1.7 %

Shares of NYSE:RHP opened at $111.37 on Tuesday. The firm has a market cap of $6.67 billion, a P/E ratio of 19.78, a PEG ratio of 2.95 and a beta of 1.65. Ryman Hospitality Properties, Inc. has a 52-week low of $93.76 and a 52-week high of $122.91. The business’s 50 day simple moving average is $112.64 and its two-hundred day simple moving average is $105.71. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.73 and a current ratio of 1.73.

Ryman Hospitality Properties (NYSE:RHP) last posted its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.83 by ($0.89). The business had revenue of $549.90 million during the quarter, compared to analyst estimates of $545.93 million. Ryman Hospitality Properties had a net margin of 14.84% and a return on equity of 61.94%. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.73 EPS. As a group, research analysts forecast that Ryman Hospitality Properties, Inc. will post 8.44 EPS for the current fiscal year.

Ryman Hospitality Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $1.15 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $4.60 dividend on an annualized basis and a yield of 4.13%. This is an increase from Ryman Hospitality Properties’s previous quarterly dividend of $1.10. Ryman Hospitality Properties’s payout ratio is 81.71%.

Analysts Set New Price Targets

Several research analysts have commented on RHP shares. JPMorgan Chase & Co. reissued an “underweight” rating and set a $100.00 target price on shares of Ryman Hospitality Properties in a research note on Friday. BMO Capital Markets began coverage on shares of Ryman Hospitality Properties in a research report on Monday, December 9th. They issued an “outperform” rating and a $133.00 target price on the stock. Jefferies Financial Group began coverage on Ryman Hospitality Properties in a report on Wednesday, November 6th. They issued a “buy” rating and a $130.00 target price for the company. Wells Fargo & Company upped their price target on shares of Ryman Hospitality Properties from $124.00 to $130.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Finally, Truist Financial increased their price objective on Ryman Hospitality Properties from $130.00 to $136.00 and gave the company a “buy” rating in a report on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Ryman Hospitality Properties currently has an average rating of “Moderate Buy” and an average target price of $128.57.

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.