South Street Advisors LLC Acquires 13,821 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

South Street Advisors LLC grew its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 13.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 113,676 shares of the real estate investment trust’s stock after purchasing an additional 13,821 shares during the quarter. Ryman Hospitality Properties comprises approximately 1.8% of South Street Advisors LLC’s portfolio, making the stock its 23rd biggest holding. South Street Advisors LLC’s holdings in Ryman Hospitality Properties were worth $11,861,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quarry LP bought a new position in Ryman Hospitality Properties during the third quarter worth about $28,000. Heck Capital Advisors LLC bought a new position in Ryman Hospitality Properties during the fourth quarter worth about $31,000. Avior Wealth Management LLC boosted its position in Ryman Hospitality Properties by 44.9% during the third quarter. Avior Wealth Management LLC now owns 442 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 137 shares during the period. Venturi Wealth Management LLC bought a new position in Ryman Hospitality Properties during the fourth quarter worth about $83,000. Finally, Blue Trust Inc. boosted its position in Ryman Hospitality Properties by 23.4% during the fourth quarter. Blue Trust Inc. now owns 845 shares of the real estate investment trust’s stock worth $91,000 after purchasing an additional 160 shares during the period. Institutional investors own 94.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. BMO Capital Markets assumed coverage on shares of Ryman Hospitality Properties in a research report on Monday, December 9th. They issued an “outperform” rating and a $133.00 price objective for the company. JPMorgan Chase & Co. restated an “underweight” rating and issued a $100.00 price objective on shares of Ryman Hospitality Properties in a research report on Friday, December 13th. Truist Financial restated a “buy” rating and issued a $133.00 price objective (down from $136.00) on shares of Ryman Hospitality Properties in a research report on Tuesday, February 25th. StockNews.com upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Saturday, March 1st. Finally, Wells Fargo & Company cut their price objective on shares of Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating for the company in a research report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $125.67.

Insiders Place Their Bets

In other Ryman Hospitality Properties news, Director Alvin L. Bowles, Jr. sold 473 shares of Ryman Hospitality Properties stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $97.03, for a total transaction of $45,895.19. Following the transaction, the director now directly owns 2,675 shares of the company’s stock, valued at approximately $259,555.25. This trade represents a 15.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Colin V. Reed purchased 8,231 shares of the firm’s stock in a transaction on Wednesday, February 26th. The shares were acquired at an average cost of $97.54 per share, for a total transaction of $802,851.74. Following the completion of the purchase, the chairman now directly owns 832,260 shares of the company’s stock, valued at approximately $81,178,640.40. This represents a 1.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 3.00% of the company’s stock.

Ryman Hospitality Properties Trading Up 1.0 %

Shares of RHP opened at $97.49 on Tuesday. The firm’s 50 day simple moving average is $101.46 and its 200 day simple moving average is $106.56. The company has a market capitalization of $5.84 billion, a P/E ratio of 22.21, a P/E/G ratio of 2.71 and a beta of 1.65. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.73. Ryman Hospitality Properties, Inc. has a 1-year low of $93.17 and a 1-year high of $121.77.

Ryman Hospitality Properties (NYSE:RHP) last announced its earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.94. The business had revenue of $647.63 million for the quarter, compared to the consensus estimate of $656.01 million. Ryman Hospitality Properties had a net margin of 11.61% and a return on equity of 49.23%. Sell-side analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 4.72%. The ex-dividend date is Monday, March 31st. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 104.78%.

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.