Monument Capital Management Invests $345,000 in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Monument Capital Management purchased a new stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,136 shares of the real estate investment trust’s stock, valued at approximately $345,000.

Several other institutional investors have also modified their holdings of RHP. Vanguard Group Inc. lifted its holdings in shares of Ryman Hospitality Properties by 2.7% in the 3rd quarter. Vanguard Group Inc. now owns 8,307,026 shares of the real estate investment trust’s stock worth $691,809,000 after acquiring an additional 216,137 shares during the last quarter. FMR LLC increased its stake in shares of Ryman Hospitality Properties by 2.9% during the third quarter. FMR LLC now owns 4,097,388 shares of the real estate investment trust’s stock worth $341,230,000 after acquiring an additional 114,451 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Ryman Hospitality Properties by 5.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,713,128 shares of the real estate investment trust’s stock worth $142,669,000 after purchasing an additional 93,082 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Ryman Hospitality Properties by 6.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,021,858 shares of the real estate investment trust’s stock worth $85,100,000 after acquiring an additional 62,322 shares during the period. Finally, Diamond Hill Capital Management Inc. raised its stake in shares of Ryman Hospitality Properties by 1.9% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 751,628 shares of the real estate investment trust’s stock worth $62,596,000 after buying an additional 14,083 shares during the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Insider Buying and Selling

In other news, COO Patrick S. Chaffin sold 16,189 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $119.74, for a total transaction of $1,938,470.86. Following the sale, the chief operating officer now directly owns 17,618 shares in the company, valued at $2,109,579.32. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.00% of the stock is owned by insiders.

Ryman Hospitality Properties Stock Up 2.0 %

RHP stock opened at $106.51 on Tuesday. The company has a fifty day simple moving average of $115.17 and a 200 day simple moving average of $106.46. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 5.90. Ryman Hospitality Properties, Inc. has a 1 year low of $79.86 and a 1 year high of $122.91. The firm has a market cap of $6.38 billion, a PE ratio of 20.56, a PEG ratio of 0.73 and a beta of 1.57.

Ryman Hospitality Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 4.13%. The ex-dividend date of this dividend was Wednesday, March 27th. Ryman Hospitality Properties’s dividend payout ratio is currently 84.94%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on RHP shares. StockNews.com upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Friday, February 23rd. Wells Fargo & Company boosted their price target on Ryman Hospitality Properties from $125.00 to $133.00 and gave the company an “overweight” rating in a report on Thursday, March 21st. Truist Financial upped their target price on Ryman Hospitality Properties from $134.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Finally, Raymond James lifted their price objective on shares of Ryman Hospitality Properties from $115.00 to $135.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $118.00.

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.