Kapitalo Investimentos Ltda Boosts Stake in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Kapitalo Investimentos Ltda grew its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 57.7% during the third quarter, according to its most recent filing with the SEC. The firm owned 3,503 shares of the real estate investment trust’s stock after acquiring an additional 1,282 shares during the period. Kapitalo Investimentos Ltda’s holdings in Ryman Hospitality Properties were worth $376,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in RHP. Teachers Retirement System of The State of Kentucky grew its holdings in shares of Ryman Hospitality Properties by 12.7% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 19,472 shares of the real estate investment trust’s stock worth $2,143,000 after acquiring an additional 2,198 shares during the period. American International Group Inc. grew its holdings in shares of Ryman Hospitality Properties by 0.6% during the 4th quarter. American International Group Inc. now owns 29,031 shares of the real estate investment trust’s stock worth $3,195,000 after acquiring an additional 176 shares during the period. SageView Advisory Group LLC purchased a new position in shares of Ryman Hospitality Properties during the 4th quarter worth approximately $425,000. PNC Financial Services Group Inc. boosted its position in shares of Ryman Hospitality Properties by 4.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,383 shares of the real estate investment trust’s stock worth $372,000 after purchasing an additional 137 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new stake in shares of Ryman Hospitality Properties in the 4th quarter worth approximately $1,169,000. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Stock Performance

RHP stock opened at $111.40 on Wednesday. The stock has a market capitalization of $6.67 billion, a PE ratio of 23.06, a price-to-earnings-growth ratio of 2.36 and a beta of 1.66. Ryman Hospitality Properties, Inc. has a 12-month low of $81.90 and a 12-month high of $122.91. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 5.96. The stock’s 50 day simple moving average is $104.54 and its 200 day simple moving average is $104.13.

Ryman Hospitality Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a $1.10 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $4.40 annualized dividend and a yield of 3.95%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 91.10%.

Analyst Ratings Changes

A number of analysts have recently commented on RHP shares. StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Friday, August 9th. Wells Fargo & Company dropped their price target on Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating on the stock in a research report on Friday, September 13th. Finally, JPMorgan Chase & Co. boosted their price target on Ryman Hospitality Properties from $104.00 to $105.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Ryman Hospitality Properties presently has an average rating of “Moderate Buy” and a consensus price target of $124.20.

Insider Activity at Ryman Hospitality Properties

In related news, Director Alvin L. Bowles, Jr. sold 900 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $107.32, for a total value of $96,588.00. Following the transaction, the director now directly owns 3,148 shares of the company’s stock, valued at approximately $337,843.36. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Ryman Hospitality Properties news, Director Alvin L. Bowles, Jr. sold 900 shares of the business’s stock in a transaction on 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 directly owns 3,148 shares in the company, valued at approximately $337,843.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Colin V. Reed bought 8,077 shares of the firm’s stock in a transaction on Tuesday, August 6th. The shares were bought at an average price of $97.78 per share, with a total value of $789,769.06. Following the completion of the purchase, the chairman now owns 827,220 shares in the company, valued at approximately $80,885,571.60. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. 3.00% of the stock is currently owned by insiders.

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.