Massachusetts Financial Services Co. MA Buys 24,439 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Massachusetts Financial Services Co. MA lifted its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 2.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 853,251 shares of the real estate investment trust’s stock after buying an additional 24,439 shares during the period. Massachusetts Financial Services Co. MA owned about 1.42% of Ryman Hospitality Properties worth $89,028,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of RHP. Quarry LP acquired a new position in Ryman Hospitality Properties in the 3rd quarter worth about $28,000. Heck Capital Advisors LLC bought a new stake in shares of Ryman Hospitality Properties during the fourth quarter worth about $31,000. Harvest Fund Management Co. Ltd bought a new position in Ryman Hospitality Properties in the 4th quarter valued at approximately $72,000. Venturi Wealth Management LLC bought a new position in Ryman Hospitality Properties in the 4th quarter valued at approximately $83,000. Finally, Blue Trust Inc. boosted its position in Ryman Hospitality Properties by 23.4% during the 4th quarter. Blue Trust Inc. now owns 845 shares of the real estate investment trust’s stock worth $91,000 after buying an additional 160 shares during the period. 94.48% of the stock is currently owned by institutional investors.

Insider Activity

In related news, 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 completion of 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Colin V. Reed acquired 8,231 shares of the company’s stock in a transaction on Wednesday, February 26th. The shares were bought at an average price of $97.54 per share, for a total transaction of $802,851.74. Following the completion of the purchase, the chairman now owns 832,260 shares in the company, valued at approximately $81,178,640.40. This represents a 1.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on RHP. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $100.00 price target on shares of Ryman Hospitality Properties in a report on Friday, December 13th. BMO Capital Markets assumed coverage on Ryman Hospitality Properties in a research report on Monday, December 9th. They issued an “outperform” rating and a $133.00 price target on the stock. StockNews.com upgraded 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 Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. Finally, Truist Financial lowered their price target on shares of Ryman Hospitality Properties from $133.00 to $127.00 and set a “buy” rating for the company in a report on Friday, March 21st. One 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, the company currently has a consensus rating of “Moderate Buy” and an average price target of $124.67.

Ryman Hospitality Properties Price Performance

Shares of RHP opened at $84.84 on Friday. The firm has a market cap of $5.08 billion, a PE ratio of 19.33, a price-to-earnings-growth ratio of 2.71 and a beta of 1.65. Ryman Hospitality Properties, Inc. has a 52-week low of $80.47 and a 52-week high of $121.77. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.73 and a current ratio of 1.73. The business’s 50 day moving average price is $98.59 and its two-hundred day moving average price is $105.71.

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, topping the consensus estimate of $1.21 by $0.94. Ryman Hospitality Properties had a net margin of 11.61% and a return on equity of 49.23%. The business had revenue of $647.63 million for the quarter, compared to analyst estimates of $656.01 million. On average, equities analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.

Ryman Hospitality Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 5.42%. The ex-dividend date is Monday, March 31st. Ryman Hospitality Properties’s dividend payout ratio (DPR) is currently 104.78%.

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.