Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Purchased by Greystone Financial Group LLC

Greystone Financial Group LLC increased its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 46.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,387 shares of the real estate investment trust’s stock after acquiring an additional 2,026 shares during the quarter. Greystone Financial Group LLC’s holdings in Ryman Hospitality Properties were worth $685,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RHP. Quantbot Technologies LP increased its stake in Ryman Hospitality Properties by 71.0% in the first quarter. Quantbot Technologies LP now owns 27,410 shares of the real estate investment trust’s stock valued at $3,169,000 after purchasing an additional 11,384 shares during the period. Quadrature Capital Ltd raised its position in shares of Ryman Hospitality Properties by 94.3% in the first quarter. Quadrature Capital Ltd now owns 20,639 shares of the real estate investment trust’s stock valued at $2,389,000 after buying an additional 10,015 shares during the last quarter. Nordea Investment Management AB raised its position in shares of Ryman Hospitality Properties by 13.0% in the first quarter. Nordea Investment Management AB now owns 79,598 shares of the real estate investment trust’s stock valued at $9,249,000 after buying an additional 9,174 shares during the last quarter. SageView Advisory Group LLC raised its stake in Ryman Hospitality Properties by 203.2% during the first quarter. SageView Advisory Group LLC now owns 11,523 shares of the real estate investment trust’s stock worth $1,332,000 after purchasing an additional 7,723 shares during the period. Finally, Harbor Capital Advisors Inc. raised its stake in Ryman Hospitality Properties by 378.7% during the second quarter. Harbor Capital Advisors Inc. now owns 21,329 shares of the real estate investment trust’s stock worth $2,130,000 after purchasing an additional 16,873 shares during the period. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Ryman Hospitality Properties

In related news, Director Alvin L. Bowles, Jr. sold 900 shares of Ryman Hospitality Properties stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $107.32, for a total value of $96,588.00. Following the sale, the director now directly owns 3,148 shares in the company, valued at $337,843.36. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Chairman Colin V. Reed acquired 8,077 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The shares were purchased at an average cost of $97.78 per share, for a total transaction of $789,769.06. Following the transaction, the chairman now directly owns 827,220 shares in the company, valued at $80,885,571.60. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alvin L. Bowles, Jr. sold 900 shares of Ryman Hospitality Properties stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $107.32, for a total transaction of $96,588.00. Following the completion of the sale, the director now owns 3,148 shares in the company, valued at approximately $337,843.36. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

RHP has been the topic of a number of research reports. JPMorgan Chase & Co. raised their target price 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. Wells Fargo & Company lowered their price target on shares of Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating for the company in a report on Friday, September 13th. Finally, StockNews.com raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $124.20.

Ryman Hospitality Properties Trading Down 1.4 %

NYSE RHP opened at $105.76 on Thursday. Ryman Hospitality Properties, Inc. has a one year low of $81.90 and a one year high of $122.91. The company has a 50-day simple moving average of $105.77 and a 200-day simple moving average of $103.96. 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 has a market capitalization of $6.33 billion, a PE ratio of 21.90, a price-to-earnings-growth ratio of 2.36 and a beta of 1.66.

Ryman Hospitality Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 4.16%. The ex-dividend date of this dividend was Monday, September 30th. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 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.