Stevens Capital Management LP Invests $243,000 in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Stevens Capital Management LP bought a new stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 2,327 shares of the real estate investment trust’s stock, valued at approximately $243,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RHP. LPL Financial LLC grew its holdings in shares of Ryman Hospitality Properties by 144.4% during the fourth quarter. LPL Financial LLC now owns 16,538 shares of the real estate investment trust’s stock worth $1,726,000 after purchasing an additional 9,770 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in Ryman Hospitality Properties during the 4th quarter worth approximately $1,432,000. Summit Global Investments grew its stake in Ryman Hospitality Properties by 2.1% during the 4th quarter. Summit Global Investments now owns 7,597 shares of the real estate investment trust’s stock worth $793,000 after buying an additional 153 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Ryman Hospitality Properties by 86.3% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,967 shares of the real estate investment trust’s stock valued at $1,979,000 after buying an additional 8,785 shares during the last quarter. Finally, Teacher Retirement System of Texas boosted its holdings in shares of Ryman Hospitality Properties by 51.6% in the fourth quarter. Teacher Retirement System of Texas now owns 11,567 shares of the real estate investment trust’s stock valued at $1,207,000 after acquiring an additional 3,938 shares during the period. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RHP has been the topic of a number of recent research reports. 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. StockNews.com raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Saturday, March 1st. Truist Financial lowered their price target on Ryman Hospitality Properties from $133.00 to $127.00 and set a “buy” rating on the stock in a report on Friday. Wells Fargo & Company reduced their price objective on Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating for the company in a research note on Tuesday, February 18th. Finally, BMO Capital Markets assumed coverage on Ryman Hospitality Properties in a research note on Monday, December 9th. They issued an “outperform” rating and a $133.00 target price on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Ryman Hospitality Properties currently has an average rating of “Moderate Buy” and a consensus target price of $124.67.

Insider Activity at Ryman Hospitality Properties

In other news, Chairman Colin V. Reed bought 8,231 shares of the firm’s stock in a transaction on Wednesday, February 26th. The shares were bought at an average cost of $97.54 per share, for a total transaction of $802,851.74. Following the completion of the transaction, the chairman now owns 832,260 shares in the company, valued at $81,178,640.40. This trade represents a 1.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alvin L. Bowles, Jr. sold 473 shares of the company’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $97.03, for a total value of $45,895.19. Following the completion of the sale, the director now directly owns 2,675 shares in the company, valued at $259,555.25. This trade represents a 15.03 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.00% of the company’s stock.

Ryman Hospitality Properties Price Performance

Shares of NYSE:RHP opened at $96.55 on Tuesday. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 6.07. The company has a 50-day moving average price of $100.78 and a 200 day moving average price of $106.34. Ryman Hospitality Properties, Inc. has a 52 week low of $92.04 and a 52 week high of $121.77. The company has a market cap of $5.78 billion, a P/E ratio of 21.99, a PEG ratio of 2.71 and a beta of 1.65.

Ryman Hospitality Properties (NYSE:RHP) last posted its quarterly 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 firm had revenue of $647.63 million for the quarter, compared to the consensus estimate of $656.01 million. Ryman Hospitality Properties had a return on equity of 49.23% and a net margin of 11.61%. Research analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current year.

Ryman Hospitality Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $1.15 dividend. The ex-dividend date is Monday, March 31st. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.76%. Ryman Hospitality Properties’s dividend payout ratio is presently 104.78%.

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.