6,017 Shares in Ryman Hospitality Properties, Inc. (NYSE:RHP) Purchased by Summit Global Investments

Summit Global Investments bought a new position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) during the second quarter, Holdings Channel reports. The fund bought 6,017 shares of the real estate investment trust’s stock, valued at approximately $601,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC acquired a new position in Ryman Hospitality Properties in the fourth quarter valued at approximately $27,000. Parallel Advisors LLC lifted its stake in shares of Ryman Hospitality Properties by 6,550.0% in the 4th quarter. Parallel Advisors LLC now owns 266 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 262 shares during the last quarter. Larson Financial Group LLC purchased a new position in shares of Ryman Hospitality Properties during the 1st quarter worth $35,000. Signaturefd LLC increased its position in shares of 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 last quarter. Finally, Fidelis Capital Partners LLC acquired a new stake in shares of Ryman Hospitality Properties during the 1st quarter worth about $103,000. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of Ryman Hospitality Properties from $104.00 to $105.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Truist Financial lowered 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. Deutsche Bank Aktiengesellschaft cut their target price on Ryman Hospitality Properties from $141.00 to $136.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Finally, StockNews.com upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Friday, August 9th. Two equities research 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, Ryman Hospitality Properties currently has a consensus rating of “Moderate Buy” and an average price target of $118.71.

Insider Activity at Ryman Hospitality Properties

In other news, Director Christine Pantoya sold 1,491 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $105.94, for a total transaction of $157,956.54. Following the completion of the transaction, the director now directly owns 4,973 shares of the company’s stock, valued at approximately $526,839.62. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Christine Pantoya sold 1,491 shares of the firm’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $105.94, for a total value of $157,956.54. Following the completion of the sale, the director now owns 4,973 shares in the company, valued at $526,839.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William E. Haslam bought 9,972 shares of the stock in a transaction on Thursday, June 13th. The shares were bought at an average price of $100.28 per share, for a total transaction of $999,992.16. Following the completion of the transaction, the director now directly owns 22,790 shares of the company’s stock, valued at approximately $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

Ryman Hospitality Properties stock traded down $1.37 during trading hours on Tuesday, reaching $100.84. 220,005 shares of the stock were exchanged, compared to its average volume of 458,655. Ryman Hospitality Properties, Inc. has a 52-week low of $79.86 and a 52-week high of $122.91. The company has a debt-to-equity ratio of 6.33, a quick ratio of 1.99 and a current ratio of 1.99. The firm’s 50 day moving average is $100.01 and its 200 day moving average is $107.19. The stock has a market cap of $6.04 billion, a P/E ratio of 20.88, a P/E/G ratio of 2.08 and a beta of 1.64.

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.