Waterfront Capital Partners LLC Raises Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Waterfront Capital Partners LLC lifted its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 474.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 200,925 shares of the real estate investment trust’s stock after buying an additional 165,925 shares during the period. Ryman Hospitality Properties comprises about 3.9% of Waterfront Capital Partners LLC’s holdings, making the stock its 15th biggest position. Waterfront Capital Partners LLC’s holdings in Ryman Hospitality Properties were worth $20,965,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Principal Financial Group Inc. lifted its position in Ryman Hospitality Properties by 3.2% in the fourth quarter. Principal Financial Group Inc. now owns 3,254,693 shares of the real estate investment trust’s stock worth $339,596,000 after buying an additional 101,333 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Ryman Hospitality Properties by 10.7% in the fourth quarter. JPMorgan Chase & Co. now owns 1,439,719 shares of the real estate investment trust’s stock valued at $150,220,000 after acquiring an additional 138,771 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Ryman Hospitality Properties by 1.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 979,176 shares of the real estate investment trust’s stock worth $102,167,000 after acquiring an additional 14,861 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Ryman Hospitality Properties by 2.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 853,251 shares of the real estate investment trust’s stock worth $89,028,000 after purchasing an additional 24,439 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Ryman Hospitality Properties by 1.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 834,179 shares of the real estate investment trust’s stock valued at $87,042,000 after purchasing an additional 12,506 shares during the last quarter. Institutional investors own 94.48% of the company’s stock.

Insider Activity

In other Ryman Hospitality Properties news, Chairman Colin V. Reed acquired 8,231 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The shares were bought at an average cost of $97.54 per share, with a total value of $802,851.74. Following the completion of the acquisition, the chairman now directly owns 832,260 shares in the company, valued at $81,178,640.40. This represents a 1.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alvin L. Bowles, Jr. sold 473 shares of the company’s 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 represents a 15.03 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.00% of the company’s stock.

Ryman Hospitality Properties Stock Up 1.0 %

Shares of NYSE:RHP opened at $86.65 on Friday. The business’s 50 day moving average is $92.35 and its 200 day moving average is $103.04. The stock has a market cap of $5.20 billion, a P/E ratio of 19.74, a price-to-earnings-growth ratio of 2.71 and a beta of 1.38. Ryman Hospitality Properties, Inc. has a 52-week low of $76.27 and a 52-week high of $121.77. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 6.07.

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 (EPS) for the quarter, topping 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 return on equity of 49.23% and a net margin of 11.61%. Sell-side analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.

Ryman Hospitality Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 5.31%. The ex-dividend date of this dividend was Monday, March 31st. Ryman Hospitality Properties’s dividend payout ratio (DPR) is 104.78%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on RHP. StockNews.com raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Saturday, March 1st. Jefferies Financial Group decreased their price target on Ryman Hospitality Properties from $118.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, April 9th. Wells Fargo & Company cut their price objective on Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. Finally, Truist Financial decreased their target price on Ryman Hospitality Properties from $133.00 to $127.00 and set a “buy” rating for the company in a research report on Friday, March 21st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $119.67.

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.