Kovitz Investment Group Partners LLC Buys 280 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Kovitz Investment Group Partners LLC lifted its position in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 1.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,540 shares of the real estate investment trust’s stock after purchasing an additional 280 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in Ryman Hospitality Properties were worth $2,746,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Diversified Trust Co grew its holdings in Ryman Hospitality Properties by 9.7% during the 2nd quarter. Diversified Trust Co now owns 7,997 shares of the real estate investment trust’s stock valued at $799,000 after buying an additional 709 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Ryman Hospitality Properties by 133.1% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 4,701 shares of the real estate investment trust’s stock valued at $469,000 after purchasing an additional 2,684 shares in the last quarter. PGGM Investments bought a new stake in Ryman Hospitality Properties in the second quarter worth $7,512,000. Envestnet Portfolio Solutions Inc. raised its stake in Ryman Hospitality Properties by 18.3% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 2,274 shares of the real estate investment trust’s stock valued at $227,000 after purchasing an additional 352 shares in the last quarter. Finally, Welch Group LLC lifted its position in Ryman Hospitality Properties by 90.9% during the second quarter. Welch Group LLC now owns 5,250 shares of the real estate investment trust’s stock valued at $524,000 after purchasing an additional 2,500 shares during the last quarter. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Ryman Hospitality Properties Price Performance

RHP opened at $117.98 on Tuesday. The business has a fifty day moving average of $112.09 and a 200 day moving average of $105.38. The stock has a market cap of $7.07 billion, a P/E ratio of 20.96, a PEG ratio of 2.98 and a beta of 1.65. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 6.07. Ryman Hospitality Properties, Inc. has a 52-week low of $93.76 and a 52-week high of $122.91.

Ryman Hospitality Properties (NYSE:RHP) last issued its earnings results on Monday, November 4th. The real estate investment trust reported $0.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.83 by ($0.89). The company had revenue of $549.90 million for the quarter, compared to analysts’ expectations of $545.93 million. Ryman Hospitality Properties had a net margin of 14.84% and a return on equity of 61.94%. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.73 earnings per share. As a group, sell-side analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.44 EPS for the current year.

Ryman Hospitality Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 3.90%. 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. Ryman Hospitality Properties’s payout ratio is currently 78.15%.

Insider Activity at Ryman Hospitality Properties

In other news, Director Alvin L. Bowles, Jr. sold 900 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $107.32, for a total transaction of $96,588.00. Following the transaction, the director now owns 3,148 shares of the company’s stock, valued at approximately $337,843.36. This represents a 22.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Fazal F. Merchant sold 1,269 shares of the firm’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $113.98, for a total value of $144,640.62. Following the transaction, the director now owns 4,825 shares in the company, valued at approximately $549,953.50. This represents a 20.82 % decrease in their position. The disclosure for this sale can be found here. 3.00% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. BMO Capital Markets started coverage on shares of Ryman Hospitality Properties in a report on Monday. They issued an “outperform” rating and a $133.00 target price on the stock. Wells Fargo & Company upped their price objective on Ryman Hospitality Properties from $124.00 to $130.00 and gave the company an “overweight” rating in a research report on Monday. Jefferies Financial Group initiated coverage on Ryman Hospitality Properties in a research report on Wednesday, November 6th. They issued a “buy” rating and a $130.00 price target for the company. Finally, Truist Financial lifted their price objective on shares of Ryman Hospitality Properties from $130.00 to $136.00 and gave the stock a “buy” rating in a research note on Monday, November 18th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $129.29.

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.