South Street Advisors LLC Has $11.86 Million Stock Holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP)

South Street Advisors LLC increased its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 13.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,676 shares of the real estate investment trust’s stock after purchasing an additional 13,821 shares during the quarter. Ryman Hospitality Properties makes up about 1.8% of South Street Advisors LLC’s portfolio, making the stock its 23rd largest holding. South Street Advisors LLC owned about 0.19% of Ryman Hospitality Properties worth $11,861,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Quarry LP bought a new stake in Ryman Hospitality Properties during the 3rd quarter worth approximately $28,000. Heck Capital Advisors LLC bought a new stake in Ryman Hospitality Properties during the 4th quarter worth approximately $31,000. Avior Wealth Management LLC grew its holdings in Ryman Hospitality Properties by 44.9% during the 3rd quarter. Avior Wealth Management LLC now owns 442 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 137 shares during the last quarter. Venturi Wealth Management LLC bought a new stake in Ryman Hospitality Properties during the 4th quarter worth approximately $83,000. Finally, Blue Trust Inc. grew its holdings in Ryman Hospitality Properties by 23.4% during the 4th quarter. Blue Trust Inc. now owns 845 shares of the real estate investment trust’s stock worth $91,000 after acquiring an additional 160 shares during the last quarter. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

RHP has been the topic of a number of research reports. JPMorgan Chase & Co. reissued an “underweight” rating and set a $100.00 target price on shares of Ryman Hospitality Properties in a report on Friday, December 13th. BMO Capital Markets assumed coverage on shares of Ryman Hospitality Properties in a report on Monday, December 9th. They set an “outperform” rating and a $133.00 target price on the stock. StockNews.com raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Saturday, March 1st. Truist Financial reaffirmed a “buy” rating and issued a $133.00 price objective (down from $136.00) on shares of Ryman Hospitality Properties in a research note on Tuesday, February 25th. Finally, Wells Fargo & Company reduced their price objective on shares of Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $125.67.

Ryman Hospitality Properties Stock Up 1.0 %

Shares of NYSE RHP opened at $97.49 on Tuesday. The firm has a market cap of $5.84 billion, a PE ratio of 22.21, a P/E/G ratio of 2.71 and a beta of 1.65. Ryman Hospitality Properties, Inc. has a 12-month low of $93.17 and a 12-month high of $121.77. The company’s fifty day simple moving average is $101.46 and its 200 day simple moving average is $106.56. 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 issued its earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.94. The business had revenue of $647.63 million for the quarter, compared to analyst estimates of $656.01 million. Ryman Hospitality Properties had a net margin of 11.61% and a return on equity of 49.23%. As a group, sell-side analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $1.15 per share. The ex-dividend date is Monday, March 31st. This represents a $4.60 annualized dividend and a yield of 4.72%. Ryman Hospitality Properties’s payout ratio is 104.78%.

Insiders Place Their Bets

In other news, Director Alvin L. Bowles, Jr. sold 473 shares of the 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 owns 2,675 shares in the company, valued at $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 available at this hyperlink. Also, Chairman Colin V. Reed bought 8,231 shares of the stock in a transaction dated Wednesday, February 26th. The stock was purchased at an average price of $97.54 per share, with a total value 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 ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 3.00% 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.