EntryPoint Capital LLC Takes $280,000 Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

EntryPoint Capital LLC bought a new position in Ryman Hospitality Properties, Inc. (NYSE:RHP) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 2,679 shares of the real estate investment trust’s stock, valued at approximately $280,000.

A number of other institutional investors have also bought and sold shares of RHP. Quarry LP bought a new position in shares of Ryman Hospitality Properties in the third quarter worth about $28,000. Heck Capital Advisors LLC purchased a new position in Ryman Hospitality Properties in the 4th quarter worth approximately $31,000. Harvest Fund Management Co. Ltd bought a new position in Ryman Hospitality Properties in the 4th quarter worth approximately $72,000. Venturi Wealth Management LLC purchased a new stake in Ryman Hospitality Properties during the 4th quarter valued at approximately $83,000. Finally, Blue Trust Inc. raised its position in shares of 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 valued at $91,000 after buying an additional 160 shares during the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Wall Street Analyst Weigh In

RHP has been the subject of a number of research reports. Wells Fargo & Company dropped their target price 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. Truist Financial dropped their price objective on shares of Ryman Hospitality Properties from $133.00 to $127.00 and set a “buy” rating for the company in a report on Friday, March 21st. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $100.00 target price on shares of Ryman Hospitality Properties in a report on Friday, December 13th. BMO Capital Markets began coverage on Ryman Hospitality Properties in a research note on Monday, December 9th. They set an “outperform” rating and a $133.00 price target for the company. Finally, StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Saturday, March 1st. 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. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $124.67.

Insider Buying and Selling

In other Ryman Hospitality Properties news, Chairman Colin V. Reed acquired 8,231 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were bought at an average price of $97.54 per share, with a total value of $802,851.74. Following the transaction, the chairman now directly owns 832,260 shares of the company’s stock, valued at $81,178,640.40. The trade was a 1.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director Alvin L. Bowles, Jr. sold 473 shares of Ryman Hospitality Properties stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $97.03, for a total value of $45,895.19. Following the sale, the director now 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 disclosure for this sale can be found here. 3.00% of the stock is currently owned by corporate insiders.

Ryman Hospitality Properties Trading Down 0.8 %

Shares of RHP stock opened at $93.44 on Friday. The company has a market cap of $5.60 billion, a PE ratio of 21.28, a price-to-earnings-growth 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. The stock’s 50 day simple moving average is $100.24 and its two-hundred day simple moving average is $106.14. Ryman Hospitality Properties, Inc. has a 1 year low of $92.04 and a 1 year high of $121.77.

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

Ryman Hospitality Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $1.15 per share. The ex-dividend date is Monday, March 31st. This represents a $4.60 annualized dividend and a yield of 4.92%. Ryman Hospitality Properties’s payout ratio is 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.