EntryPoint Capital LLC Buys 844 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

EntryPoint Capital LLC grew its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 398.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,056 shares of the real estate investment trust’s stock after acquiring an additional 844 shares during the quarter. EntryPoint Capital LLC’s holdings in Ryman Hospitality Properties were worth $122,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of RHP. MQS Management LLC purchased a new position in Ryman Hospitality Properties during the first quarter valued at approximately $334,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Ryman Hospitality Properties in the first quarter worth approximately $1,965,000. CANADA LIFE ASSURANCE Co boosted its stake in shares of Ryman Hospitality Properties by 8.1% in the first quarter. CANADA LIFE ASSURANCE Co now owns 79,509 shares of the real estate investment trust’s stock worth $9,195,000 after acquiring an additional 5,949 shares during the last quarter. Bessemer Group Inc. boosted its stake in shares of Ryman Hospitality Properties by 7.5% in the first quarter. Bessemer Group Inc. now owns 121,203 shares of the real estate investment trust’s stock worth $14,012,000 after acquiring an additional 8,430 shares during the last quarter. Finally, UniSuper Management Pty Ltd boosted its stake in Ryman Hospitality Properties by 1.8% during the first quarter. UniSuper Management Pty Ltd now owns 16,700 shares of the real estate investment trust’s stock worth $1,931,000 after buying an additional 300 shares during the last quarter. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Ryman Hospitality Properties news, Chairman Colin V. Reed bought 13,800 shares of the business’s stock in a transaction dated Tuesday, May 7th. The stock was acquired at an average cost of $106.40 per share, with a total value of $1,468,320.00. Following the purchase, the chairman now owns 819,143 shares in the company, valued at approximately $87,156,815.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Chairman Colin V. Reed acquired 13,800 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was purchased at an average cost of $106.40 per share, with a total value of $1,468,320.00. Following the purchase, the chairman now directly owns 819,143 shares of the company’s stock, valued at approximately $87,156,815.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William E. Haslam acquired 9,972 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The stock was purchased at an average cost of $100.28 per share, with a total value of $999,992.16. Following the completion of the purchase, the director now directly owns 22,790 shares in the company, valued at $2,285,381.20. The disclosure for this purchase can be found here. 3.00% of the stock is owned by insiders.

Ryman Hospitality Properties Stock Performance

Shares of NYSE RHP traded up $1.25 during trading hours on Friday, reaching $101.25. The stock had a trading volume of 258,341 shares, compared to its average volume of 436,340. The firm has a market cap of $6.06 billion, a price-to-earnings ratio of 20.70, a PEG ratio of 2.09 and a beta of 1.64. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 6.33. Ryman Hospitality Properties, Inc. has a fifty-two week low of $79.86 and a fifty-two week high of $122.91. The firm has a 50-day moving average of $101.31 and a 200-day moving average of $108.74.

Ryman Hospitality Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were given 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 yield of 4.35%. Ryman Hospitality Properties’s payout ratio is 91.10%.

Analyst Ratings Changes

RHP has been the topic of several recent analyst reports. StockNews.com lowered Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft cut their price target on Ryman Hospitality Properties from $141.00 to $136.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. Finally, Truist Financial cut their price target on Ryman Hospitality Properties from $135.00 to $130.00 and set a “buy” rating on the stock in a 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $118.29.

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.