Emerald Advisers LLC Buys 43,220 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Emerald Advisers LLC grew its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 32.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 175,883 shares of the real estate investment trust’s stock after buying an additional 43,220 shares during the period. Emerald Advisers LLC’s holdings in Ryman Hospitality Properties were worth $18,352,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Quarry LP acquired a new stake in Ryman Hospitality Properties in the 3rd quarter worth approximately $28,000. Heck Capital Advisors LLC bought a new position in shares of Ryman Hospitality Properties in the fourth quarter valued at approximately $31,000. Avior Wealth Management LLC lifted its stake in shares of Ryman Hospitality Properties by 44.9% in the third quarter. Avior Wealth Management LLC now owns 442 shares of the real estate investment trust’s stock worth $47,000 after buying an additional 137 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of Ryman Hospitality Properties during the 4th quarter worth $72,000. Finally, Venturi Wealth Management LLC acquired a new position in Ryman Hospitality Properties in the 4th quarter valued at $83,000. Institutional investors own 94.48% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. restated an “underweight” rating and set a $100.00 price target on shares of Ryman Hospitality Properties in a report on Friday, December 13th. Truist Financial cut their price objective on Ryman Hospitality Properties from $133.00 to $127.00 and set a “buy” rating for the company in a research report on Friday. Wells Fargo & Company lowered their target price on Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. StockNews.com upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Saturday, March 1st. Finally, BMO Capital Markets began coverage on shares of Ryman Hospitality Properties in a research note on Monday, December 9th. They issued an “outperform” rating and a $133.00 price objective on the stock. 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 currently has a consensus rating of “Moderate Buy” and an average price target of $124.67.

Ryman Hospitality Properties Price Performance

Shares of RHP stock opened at $94.59 on Friday. Ryman Hospitality Properties, Inc. has a 12 month low of $92.04 and a 12 month high of $121.77. The company has a market capitalization of $5.67 billion, a P/E ratio of 21.55, a P/E/G ratio of 2.71 and a beta of 1.65. The stock has a 50 day moving average of $100.86 and a two-hundred day moving average of $106.31. The company has a current ratio of 1.73, a quick 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 EPS 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 expect 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 will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $1.15 per share. The ex-dividend date is Monday, March 31st. This represents a $4.60 annualized dividend and a dividend yield of 4.86%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is currently 104.78%.

Insider Activity at Ryman Hospitality Properties

In related news, Chairman Colin V. Reed purchased 8,231 shares of the stock in a transaction on Wednesday, February 26th. The shares were purchased at an average cost of $97.54 per share, for a total transaction of $802,851.74. Following the completion of the transaction, the chairman now directly owns 832,260 shares of the company’s stock, valued at approximately $81,178,640.40. The trade was a 1.00 % increase in their position. The acquisition 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 473 shares of the 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 transaction, the director now owns 2,675 shares of the company’s stock, valued at $259,555.25. This represents a 15.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by insiders.

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.