Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. raised its position in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 3,800.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 292,410 shares of the real estate investment trust’s stock after acquiring an additional 284,913 shares during the quarter. Victory Capital Management Inc. owned approximately 0.49% of Ryman Hospitality Properties worth $31,358,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Janney Montgomery Scott LLC acquired a new position in shares of Ryman Hospitality Properties in the first quarter valued at approximately $215,000. SG Americas Securities LLC increased its position in shares of Ryman Hospitality Properties by 106.7% during the first quarter. SG Americas Securities LLC now owns 3,609 shares of the real estate investment trust’s stock worth $417,000 after acquiring an additional 1,863 shares during the period. ProShare Advisors LLC raised its stake in shares of Ryman Hospitality Properties by 8.5% in the first quarter. ProShare Advisors LLC now owns 10,494 shares of the real estate investment trust’s stock valued at $1,213,000 after acquiring an additional 826 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Ryman Hospitality Properties by 2.7% in the first quarter. Vanguard Group Inc. now owns 8,470,274 shares of the real estate investment trust’s stock valued at $979,248,000 after purchasing an additional 226,547 shares during the period. Finally, UniSuper Management Pty Ltd grew its stake in Ryman Hospitality Properties by 1.8% during the 1st quarter. UniSuper Management Pty Ltd now owns 16,700 shares of the real estate investment trust’s stock worth $1,931,000 after purchasing an additional 300 shares in the last quarter. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Director Fazal F. Merchant sold 1,269 shares of Ryman Hospitality Properties stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $113.98, for a total value of $144,640.62. Following the transaction, the director now directly owns 4,825 shares in the company, valued at approximately $549,953.50. The trade was a 20.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Alvin L. Bowles, Jr. sold 900 shares of the stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $107.32, for a total transaction of $96,588.00. Following the sale, the director now owns 3,148 shares of the company’s stock, valued at $337,843.36. This trade represents a 22.23 % decrease in their position. The disclosure for this sale can be found here. 3.00% of the stock is owned by insiders.

Ryman Hospitality Properties Price Performance

Shares of RHP opened at $111.41 on Friday. The firm has a fifty day moving average price of $108.64 and a 200 day moving average price of $104.17. The stock has a market cap of $6.67 billion, a PE ratio of 19.79, a price-to-earnings-growth ratio of 1.99 and a beta of 1.65. Ryman Hospitality Properties, Inc. has a 1-year low of $93.76 and a 1-year high of $122.91. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.73.

Ryman Hospitality Properties (NYSE:RHP) last posted its earnings results on Monday, November 4th. The real estate investment trust reported $0.94 earnings per share for the quarter, missing the consensus estimate of $1.83 by ($0.89). The firm had revenue of $549.90 million during the quarter, compared to analysts’ expectations of $545.93 million. Ryman Hospitality Properties had a net margin of 14.84% and a return on equity of 61.94%. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.73 earnings per share. As a group, sell-side analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.44 EPS for the current year.

Ryman Hospitality Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.13%. This is a boost from Ryman Hospitality Properties’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Tuesday, December 31st. Ryman Hospitality Properties’s payout ratio is presently 81.71%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on RHP shares. StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Friday, August 9th. Jefferies Financial Group started coverage on shares of Ryman Hospitality Properties in a research note on Wednesday, November 6th. They issued a “buy” rating and a $130.00 price target for the company. JPMorgan Chase & Co. increased their price objective on shares of Ryman Hospitality Properties from $104.00 to $105.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Finally, Wells Fargo & Company decreased their price objective on shares of Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating for the company in a research report on Friday, September 13th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $125.17.

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.