Principal Financial Group Inc. Boosts Holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Principal Financial Group Inc. grew its position in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 41.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 3,153,360 shares of the real estate investment trust’s stock after purchasing an additional 931,283 shares during the period. Principal Financial Group Inc. owned about 0.05% of Ryman Hospitality Properties worth $338,168,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in RHP. Vanguard Group Inc. raised its position in Ryman Hospitality Properties by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 8,470,274 shares of the real estate investment trust’s stock worth $979,248,000 after purchasing an additional 226,547 shares during the period. American Century Companies Inc. lifted its stake in shares of Ryman Hospitality Properties by 0.8% during the 2nd quarter. American Century Companies Inc. now owns 1,586,256 shares of the real estate investment trust’s stock worth $158,404,000 after acquiring an additional 12,058 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Ryman Hospitality Properties by 264.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,199,392 shares of the real estate investment trust’s stock valued at $119,771,000 after acquiring an additional 870,081 shares during the period. Dimensional Fund Advisors LP grew its position in Ryman Hospitality Properties by 1.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 820,639 shares of the real estate investment trust’s stock valued at $81,947,000 after acquiring an additional 8,469 shares during the last quarter. Finally, Federated Hermes Inc. increased its stake in Ryman Hospitality Properties by 2.2% in the second quarter. Federated Hermes Inc. now owns 677,315 shares of the real estate investment trust’s stock worth $67,637,000 after purchasing an additional 14,375 shares during the period. Institutional investors own 94.48% of the company’s stock.

Insider Buying and Selling at Ryman Hospitality Properties

In other news, Director Alvin L. Bowles, Jr. sold 900 shares of Ryman Hospitality Properties stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $107.32, for a total value of $96,588.00. Following the transaction, the director now owns 3,148 shares of the company’s stock, valued at $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 link. Insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on RHP shares. StockNews.com raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Friday, August 9th. Jefferies Financial Group initiated coverage on shares of Ryman Hospitality Properties in a research note on Wednesday. They issued a “buy” rating and a $130.00 target price on the stock. JPMorgan Chase & Co. lifted their price target on shares of Ryman Hospitality Properties from $104.00 to $105.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Finally, Wells Fargo & Company lowered their price target on Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating for the company in a report on Friday, September 13th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $125.17.

Ryman Hospitality Properties Price Performance

NYSE RHP opened at $111.22 on Friday. The company has a market cap of $6.66 billion, a PE ratio of 19.75, a P/E/G ratio of 2.08 and a beta of 1.65. Ryman Hospitality Properties, Inc. has a 52-week low of $90.80 and a 52-week high of $122.91. The company has a debt-to-equity ratio of 5.96, a quick ratio of 1.92 and a current ratio of 1.92. The firm’s 50 day moving average price is $107.25 and its 200-day moving average price is $103.93.

Ryman Hospitality Properties (NYSE:RHP) last announced its earnings results on Monday, November 4th. The real estate investment trust reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.83 by ($0.89). The company had revenue of $549.90 million for the quarter, compared to the consensus estimate of $545.93 million. Ryman Hospitality Properties had a net margin of 14.84% and a return on equity of 61.88%. The firm’s revenue was up 4.0% compared to the same quarter last year. During the same period last year, the business posted $1.73 EPS. Sell-side analysts forecast that Ryman Hospitality Properties, Inc. will post 8.38 EPS for the current fiscal year.

Ryman Hospitality Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $1.15 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This is an increase from Ryman Hospitality Properties’s previous quarterly dividend of $1.10. This represents a $4.60 dividend on an annualized basis and a yield of 4.14%. Ryman Hospitality Properties’s payout ratio is currently 78.15%.

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.