Principal Financial Group Inc. Acquires 1,466,220 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Principal Financial Group Inc. raised its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 194.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,222,077 shares of the real estate investment trust’s stock after buying an additional 1,466,220 shares during the period. Principal Financial Group Inc. owned about 3.71% of Ryman Hospitality Properties worth $221,896,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in RHP. Signaturefd LLC raised its stake in shares of Ryman Hospitality Properties by 518.9% in the fourth quarter. Signaturefd LLC now owns 328 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 275 shares during the period. California Public Employees Retirement System raised its stake in Ryman Hospitality Properties by 0.3% during the 4th quarter. California Public Employees Retirement System now owns 110,638 shares of the real estate investment trust’s stock worth $12,177,000 after acquiring an additional 333 shares during the period. GAMMA Investing LLC purchased a new position in Ryman Hospitality Properties during the fourth quarter valued at approximately $27,000. Valmark Advisers Inc. bought a new position in shares of Ryman Hospitality Properties in the fourth quarter worth approximately $220,000. Finally, Russell Investments Group Ltd. boosted its position in shares of Ryman Hospitality Properties by 22.4% in the fourth quarter. Russell Investments Group Ltd. now owns 434,920 shares of the real estate investment trust’s stock worth $47,890,000 after purchasing an additional 79,699 shares during the period. 94.48% of the stock is currently owned by institutional investors.

Insider Activity

In other Ryman Hospitality Properties news, Director Christine Pantoya sold 1,491 shares of the company’s 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 sale, the director now directly owns 4,973 shares in the company, valued at $526,839.62. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Chairman Colin V. Reed purchased 8,077 shares of Ryman Hospitality Properties stock in a transaction that occurred on Tuesday, August 6th. The shares were bought at an average price of $97.78 per share, with a total value of $789,769.06. Following the purchase, the chairman now directly owns 827,220 shares of the company’s stock, valued at approximately $80,885,571.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Christine Pantoya sold 1,491 shares of the stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $105.94, for a total value of $157,956.54. Following the transaction, the director now directly owns 4,973 shares in the company, valued at approximately $526,839.62. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company’s stock.

Ryman Hospitality Properties Price Performance

Ryman Hospitality Properties stock traded up $0.67 during midday trading on Friday, reaching $103.96. 398,267 shares of the stock traded hands, compared to its average volume of 452,471. The stock has a market cap of $6.23 billion, a P/E ratio of 21.52, a PEG ratio of 2.08 and a beta of 1.64. The stock’s fifty day moving average is $100.59 and its 200-day moving average is $106.67. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 6.33. Ryman Hospitality Properties, Inc. has a 12 month low of $79.86 and a 12 month high of $122.91.

Analyst Ratings Changes

A number of research analysts recently weighed in on RHP shares. StockNews.com upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Friday, August 9th. Truist Financial dropped their price objective on Ryman Hospitality Properties from $135.00 to $130.00 and set a “buy” rating for the company in a research note on Thursday, May 30th. JPMorgan Chase & Co. lifted their target price on Ryman Hospitality Properties from $104.00 to $105.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on 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. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $118.71.

Ryman Hospitality Properties Company 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.