Stevens Capital Management LP Makes New $243,000 Investment in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Stevens Capital Management LP purchased a new stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) during the 4th quarter, Holdings Channel.com reports. The fund purchased 2,327 shares of the real estate investment trust’s stock, valued at approximately $243,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RHP. Quarry LP purchased a new position in shares of Ryman Hospitality Properties in the 3rd quarter valued at $28,000. Heck Capital Advisors LLC purchased a new position in Ryman Hospitality Properties in the fourth quarter valued at about $31,000. Avior Wealth Management LLC lifted its stake in shares of Ryman Hospitality Properties by 44.9% during the third quarter. Avior Wealth Management LLC now owns 442 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 137 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of Ryman Hospitality Properties in the fourth quarter worth about $72,000. Finally, Venturi Wealth Management LLC acquired a new stake in shares of Ryman Hospitality Properties in the fourth quarter valued at about $83,000. 94.48% of the stock is owned by institutional investors and hedge funds.

Ryman Hospitality Properties Trading Up 2.2 %

RHP opened at $96.55 on Tuesday. Ryman Hospitality Properties, Inc. has a 12-month low of $92.04 and a 12-month high of $121.77. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.73. The stock has a market capitalization of $5.78 billion, a PE ratio of 21.99, a P/E/G ratio of 2.71 and a beta of 1.65. The firm’s fifty day moving average price is $100.78 and its 200 day moving average price is $106.34.

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, beating analysts’ consensus estimates 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, research analysts expect that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

The company 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 $1.15 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $4.60 annualized dividend and a dividend yield of 4.76%. Ryman Hospitality Properties’s payout ratio is 104.78%.

Insider Activity

In other Ryman Hospitality Properties news, Chairman Colin V. Reed purchased 8,231 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was acquired at an average cost 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 approximately $81,178,640.40. This represents a 1.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Alvin L. Bowles, Jr. sold 473 shares of the business’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $97.03, for a total transaction of $45,895.19. Following the sale, the director now directly owns 2,675 shares of the company’s stock, valued at approximately $259,555.25. This represents a 15.03 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.00% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the company. StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Saturday, March 1st. Wells Fargo & Company reduced their target price on shares of Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $100.00 price target on shares of Ryman Hospitality Properties in a research note on Friday, December 13th. Truist Financial cut 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 report on Friday. Finally, BMO Capital Markets assumed coverage on Ryman Hospitality Properties in a research note on Monday, December 9th. They set an “outperform” rating and a $133.00 target price for the company. One analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Ryman Hospitality Properties has an average rating of “Moderate Buy” and an average price target of $124.67.

About Ryman Hospitality Properties

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.