Tectonic Advisors LLC Makes New $632,000 Investment in Ryman Hospitality Properties, Inc. $RHP

Tectonic Advisors LLC bought a new stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 7,055 shares of the real estate investment trust’s stock, valued at approximately $632,000.

A number of other large investors also recently made changes to their positions in the company. Geneos Wealth Management Inc. boosted its stake in Ryman Hospitality Properties by 240.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 209 shares during the period. AlphaQuest LLC lifted its holdings in shares of Ryman Hospitality Properties by 492.9% during the second quarter. AlphaQuest LLC now owns 332 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 276 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Ryman Hospitality Properties by 140.3% in the second quarter. Smartleaf Asset Management LLC now owns 483 shares of the real estate investment trust’s stock valued at $49,000 after acquiring an additional 282 shares during the period. Salomon & Ludwin LLC acquired a new position in shares of Ryman Hospitality Properties in the third quarter valued at about $50,000. Finally, First Community Trust NA increased its position in Ryman Hospitality Properties by 20.0% during the second quarter. First Community Trust NA now owns 600 shares of the real estate investment trust’s stock worth $59,000 after acquiring an additional 100 shares during the period. Institutional investors own 94.48% of the company’s stock.

Insiders Place Their Bets

In other news, Chairman Colin V. Reed acquired 8,993 shares of Ryman Hospitality Properties stock in a transaction that occurred on Friday, November 7th. The shares were acquired at an average price of $92.16 per share, for a total transaction of $828,794.88. Following the transaction, the chairman directly owned 888,010 shares of the company’s stock, valued at approximately $81,839,001.60. The trade was a 1.02% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on RHP. Evercore ISI cut their price objective on shares of Ryman Hospitality Properties from $120.00 to $110.00 and set an “outperform” rating for the company in a report on Thursday, October 30th. Cantor Fitzgerald initiated coverage on Ryman Hospitality Properties in a research note on Wednesday, October 1st. They issued an “overweight” rating and a $108.00 price target for the company. Truist Financial increased their price target on Ryman Hospitality Properties from $120.00 to $121.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. Wall Street Zen raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Finally, Wells Fargo & Company cut their target price on Ryman Hospitality Properties from $114.00 to $109.00 and set an “overweight” rating for the company in a research report on Monday, December 1st. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $108.56.

Ryman Hospitality Properties Trading Up 0.8%

RHP opened at $95.37 on Friday. The company has a market cap of $6.01 billion, a P/E ratio of 25.23, a PEG ratio of 2.10 and a beta of 1.22. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 4.98. The company’s 50 day moving average is $93.90 and its 200-day moving average is $95.49. Ryman Hospitality Properties, Inc. has a 1-year low of $76.27 and a 1-year high of $108.42.

Ryman Hospitality Properties (NYSE:RHP) last issued its quarterly earnings data on Tuesday, November 4th. The real estate investment trust reported $1.63 EPS for the quarter, beating the consensus estimate of $1.59 by $0.04. Ryman Hospitality Properties had a net margin of 9.58% and a return on equity of 34.50%. The business had revenue of $592.46 million during the quarter, compared to the consensus estimate of $573.40 million. During the same quarter in the prior year, the firm earned $1.93 EPS. The firm’s revenue was up 7.7% compared to the same quarter last year. Equities research analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be issued a dividend of $1.20 per share. This is a positive change from Ryman Hospitality Properties’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $4.80 annualized dividend and a dividend yield of 5.0%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is 126.98%.

About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc is a publicly traded real estate investment trust (REIT) specializing in the ownership and operation of group‐oriented, large convention center hotel resorts. The company’s portfolio is anchored by its Gaylord Hotels brand, offering integrated resort, convention, entertainment and dining experiences under long‐term management agreements with Marriott International.

Ryman’s flagship properties include Gaylord Opryland Resort & Convention Center in Nashville, Gaylord Texan Resort & Convention Center near Dallas/Fort Worth and Gaylord Palms Resort & Convention Center in Orlando, Florida.