Healthcare of Ontario Pension Plan Trust Fund Takes Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 17,000 shares of the real estate investment trust’s stock, valued at approximately $1,965,000.

A number of other large investors have also recently bought and sold shares of RHP. GAMMA Investing LLC acquired a new stake in Ryman Hospitality Properties during the 4th quarter worth $27,000. Parallel Advisors LLC boosted its stake in Ryman Hospitality Properties by 6,550.0% during the 4th quarter. Parallel Advisors LLC now owns 266 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 262 shares during the period. Larson Financial Group LLC acquired a new stake in Ryman Hospitality Properties during the 1st quarter worth $35,000. Signaturefd LLC boosted its stake in Ryman Hospitality Properties by 518.9% during the 4th quarter. Signaturefd LLC now owns 328 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 275 shares during the period. Finally, Fidelis Capital Partners LLC acquired a new stake in Ryman Hospitality Properties during the 1st quarter worth $103,000. Institutional investors and hedge funds own 94.48% of the company’s stock.

Ryman Hospitality Properties Trading Up 0.7 %

NYSE RHP traded up $0.71 during mid-day trading on Thursday, hitting $100.00. The company’s stock had a trading volume of 576,426 shares, compared to its average volume of 437,449. Ryman Hospitality Properties, Inc. has a 52-week low of $79.86 and a 52-week high of $122.91. The stock’s fifty day simple moving average is $101.45 and its two-hundred day simple moving average is $108.80. The company has a debt-to-equity ratio of 6.33, a current ratio of 1.99 and a quick ratio of 1.99. The firm has a market capitalization of $5.99 billion, a P/E ratio of 20.58, a price-to-earnings-growth ratio of 2.16 and a beta of 1.64.

Ryman Hospitality Properties Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on RHP shares. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Ryman Hospitality Properties from $141.00 to $136.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. StockNews.com downgraded shares of Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, Truist Financial cut their price objective on shares of 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 equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $118.29.

Insider Activity

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

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.