Axxcess Wealth Management LLC Grows Stake in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Axxcess Wealth Management LLC boosted its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 8.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,842 shares of the real estate investment trust’s stock after purchasing an additional 385 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Ryman Hospitality Properties were worth $560,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of RHP. GAMMA Investing LLC purchased a new position in shares of Ryman Hospitality Properties in the 4th quarter valued at $27,000. Parallel Advisors LLC increased its holdings 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 acquiring an additional 262 shares during the period. Larson Financial Group LLC purchased a new position in shares of Ryman Hospitality Properties in the 1st quarter valued at $35,000. Signaturefd LLC increased its holdings in shares of Ryman Hospitality Properties by 518.9% in the 4th quarter. Signaturefd LLC now owns 328 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 275 shares during the period. Finally, Fidelis Capital Partners LLC purchased a new position in shares of Ryman Hospitality Properties in the 1st quarter valued at $103,000. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Ryman Hospitality Properties Stock Performance

RHP traded up $1.75 on Friday, reaching $101.75. 799,023 shares of the stock were exchanged, compared to its average volume of 395,117. The company’s 50-day moving average price is $101.24 and its 200 day moving average price is $108.65. Ryman Hospitality Properties, Inc. has a fifty-two week low of $79.86 and a fifty-two week high of $122.91. The company has a debt-to-equity ratio of 6.33, a current ratio of 1.99 and a quick ratio of 1.99. The firm has a market capitalization of $6.09 billion, a PE ratio of 21.07, a PEG ratio of 2.10 and a beta of 1.64.

Ryman Hospitality Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were issued a $1.10 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $4.40 annualized dividend and a dividend yield of 4.32%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 91.10%.

Insider Activity

In related news, Chairman Colin V. Reed acquired 13,800 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was acquired at an average price of $106.40 per share, with a total value of $1,468,320.00. Following the acquisition, the chairman now directly 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 available at this hyperlink. In related news, Director Christine Pantoya sold 1,491 shares of Ryman Hospitality Properties stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $105.94, for a total value of $157,956.54. Following the completion of the transaction, the director now owns 4,973 shares in the company, valued at approximately $526,839.62. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Colin V. Reed purchased 13,800 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was acquired at an average price 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 $87,156,815.20. The disclosure for this purchase can be found here. Insiders own 3.00% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on RHP. StockNews.com cut Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft lowered their price objective on Ryman Hospitality Properties from $141.00 to $136.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Finally, Truist Financial lowered their price objective on 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. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Ryman Hospitality Properties presently has an average rating of “Moderate Buy” and a consensus target price of $118.29.

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.