Harbor Capital Advisors Inc. Increases Stake in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Harbor Capital Advisors Inc. increased its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 2.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 50,144 shares of the real estate investment trust’s stock after acquiring an additional 1,251 shares during the period. Harbor Capital Advisors Inc. owned approximately 0.08% of Ryman Hospitality Properties worth $5,232,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. American Century Companies Inc. grew its position in shares of Ryman Hospitality Properties by 0.8% during the second quarter. American Century Companies Inc. now owns 1,586,256 shares of the real estate investment trust’s stock worth $158,404,000 after buying an additional 12,058 shares in the last quarter. Magnetar Financial LLC bought a new position in Ryman Hospitality Properties during the second quarter worth $4,390,000. Reinhart Partners LLC. boosted its holdings in Ryman Hospitality Properties by 55.5% in the third quarter. Reinhart Partners LLC. now owns 383,026 shares of the real estate investment trust’s stock worth $41,076,000 after purchasing an additional 136,756 shares during the period. Citigroup Inc. raised its holdings in shares of Ryman Hospitality Properties by 72.9% during the third quarter. Citigroup Inc. now owns 54,239 shares of the real estate investment trust’s stock worth $5,817,000 after purchasing an additional 22,871 shares during the period. Finally, Quantinno Capital Management LP bought a new position in shares of Ryman Hospitality Properties in the 3rd quarter worth about $488,000. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Ryman Hospitality Properties

In related news, Director Fazal F. Merchant sold 1,269 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $113.98, for a total transaction of $144,640.62. Following the completion of the sale, the director now directly owns 4,825 shares in the company, valued at approximately $549,953.50. This trade represents a 20.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 3.00% of the company’s stock.

Wall Street Analyst Weigh In

RHP has been the subject of a number of recent research reports. Jefferies Financial Group assumed coverage on shares of Ryman Hospitality Properties in a research report on Wednesday, November 6th. They set a “buy” rating and a $130.00 price objective for the company. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $100.00 price target on shares of Ryman Hospitality Properties in a research report on Friday, December 13th. Truist Financial boosted their price objective on Ryman Hospitality Properties from $130.00 to $136.00 and gave the company a “buy” rating in a research report on Monday, November 18th. Wells Fargo & Company increased their target price on Ryman Hospitality Properties from $124.00 to $130.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Finally, BMO Capital Markets began coverage on shares of Ryman Hospitality Properties in a report on Monday, December 9th. They set an “outperform” rating and a $133.00 price target for the company. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $128.57.

Ryman Hospitality Properties Stock Down 0.8 %

RHP stock opened at $101.89 on Friday. The firm’s 50-day moving average is $110.96 and its two-hundred day moving average is $106.22. The company has a market capitalization of $6.10 billion, a price-to-earnings ratio of 18.10, a price-to-earnings-growth ratio of 2.86 and a beta of 1.67. Ryman Hospitality Properties, Inc. has a 52 week low of $93.76 and a 52 week high of $122.91. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 6.07.

Ryman Hospitality Properties (NYSE:RHP) last announced its earnings results on Monday, November 4th. The real estate investment trust reported $0.94 EPS for the quarter, missing the consensus estimate of $1.83 by ($0.89). The firm had revenue of $549.90 million for the quarter, compared to the consensus estimate of $545.93 million. Ryman Hospitality Properties had a return on equity of 61.94% and a net margin of 14.84%. Ryman Hospitality Properties’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.73 EPS. On average, analysts forecast that Ryman Hospitality Properties, Inc. will post 8.44 earnings per share for the current fiscal year.

Ryman Hospitality Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $1.15 per share. The ex-dividend date is Tuesday, December 31st. This represents a $4.60 annualized dividend and a yield of 4.51%. This is a boost from Ryman Hospitality Properties’s previous quarterly dividend of $1.10. Ryman Hospitality Properties’s dividend payout ratio (DPR) is currently 81.71%.

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.