Capstone Investment Advisors LLC Buys 2,250 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Capstone Investment Advisors LLC boosted its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 9.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,250 shares of the real estate investment trust’s stock after purchasing an additional 2,250 shares during the period. Capstone Investment Advisors LLC’s holdings in Ryman Hospitality Properties were worth $3,150,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Principal Financial Group Inc. increased its position in Ryman Hospitality Properties by 11,548.3% during the fourth quarter. Principal Financial Group Inc. now owns 703,556 shares of the real estate investment trust’s stock valued at $77,433,000 after acquiring an additional 697,516 shares during the last quarter. Norges Bank bought a new position in shares of Ryman Hospitality Properties in the 4th quarter worth approximately $57,580,000. Adage Capital Partners GP L.L.C. purchased a new position in shares of Ryman Hospitality Properties in the third quarter worth approximately $21,653,000. Vanguard Group Inc. grew its position in Ryman Hospitality Properties by 2.7% during the third quarter. Vanguard Group Inc. now owns 8,307,026 shares of the real estate investment trust’s stock valued at $691,809,000 after buying an additional 216,137 shares during the period. Finally, Heitman Real Estate Securities LLC increased its holdings in Ryman Hospitality Properties by 46.0% during the fourth quarter. Heitman Real Estate Securities LLC now owns 611,992 shares of the real estate investment trust’s stock valued at $67,356,000 after buying an additional 192,962 shares during the last quarter. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ryman Hospitality Properties

In other news, Chairman Colin V. Reed purchased 13,800 shares of the business’s stock in a transaction dated Tuesday, May 7th. The shares were purchased at an average price of $106.40 per share, for a total transaction of $1,468,320.00. Following the completion of the purchase, the chairman now owns 819,143 shares in the company, valued at approximately $87,156,815.20. The purchase was disclosed in a document filed with the SEC, which is available at this link. In other Ryman Hospitality Properties news, Chairman Colin V. Reed acquired 13,800 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The shares were bought at an average cost of $106.40 per share, with a total value of $1,468,320.00. Following the completion of the acquisition, the chairman now directly owns 819,143 shares in the company, valued at approximately $87,156,815.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director William E. Haslam acquired 9,972 shares of Ryman Hospitality Properties stock in a transaction that occurred on Thursday, June 13th. The stock was acquired at an average cost of $100.28 per share, with a total value of $999,992.16. Following the purchase, the director now directly owns 22,790 shares of the company’s stock, valued at $2,285,381.20. The disclosure for this purchase can be found here. 3.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company boosted their price objective on shares of Ryman Hospitality Properties from $125.00 to $133.00 and gave the company an “overweight” rating in a research report on Thursday, March 21st. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Ryman Hospitality Properties from $141.00 to $136.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. StockNews.com cut Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a report on Wednesday, May 22nd. Finally, Truist Financial lowered their price target on Ryman Hospitality Properties from $135.00 to $130.00 and set a “buy” rating for the company in a research report on Thursday, May 30th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Ryman Hospitality Properties presently has an average rating of “Moderate Buy” and a consensus target price of $118.29.

Ryman Hospitality Properties Trading Down 0.3 %

RHP traded down $0.33 on Friday, reaching $98.42. 215,626 shares of the company traded hands, compared to its average volume of 430,864. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 6.33. The company has a market cap of $5.89 billion, a P/E ratio of 20.38, a price-to-earnings-growth ratio of 2.08 and a beta of 1.64. The firm has a fifty day simple moving average of $102.47 and a two-hundred day simple moving average of $109.61. Ryman Hospitality Properties, Inc. has a one year low of $79.86 and a one year high of $122.91.

Ryman Hospitality Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a dividend of $1.10 per share. The ex-dividend date is Friday, June 28th. This represents a $4.40 annualized dividend and a yield of 4.47%. Ryman Hospitality Properties’s payout ratio is currently 91.10%.

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.