Nicola Wealth Management LTD. Purchases New Shares in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Nicola Wealth Management LTD. acquired a new stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 10,305 shares of the real estate investment trust’s stock, valued at approximately $1,075,000.

Other hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its position in shares of Ryman Hospitality Properties by 41.9% during the third quarter. Principal Financial Group Inc. now owns 3,153,360 shares of the real estate investment trust’s stock valued at $338,168,000 after purchasing an additional 931,283 shares in the last quarter. Hamlin Capital Management LLC purchased a new stake in Ryman Hospitality Properties in the 4th quarter valued at about $65,142,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Ryman Hospitality Properties by 483.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 609,761 shares of the real estate investment trust’s stock worth $65,391,000 after buying an additional 505,207 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Ryman Hospitality Properties by 3,800.4% in the 3rd quarter. Victory Capital Management Inc. now owns 292,410 shares of the real estate investment trust’s stock worth $31,358,000 after buying an additional 284,913 shares during the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. grew its holdings in shares of Ryman Hospitality Properties by 643.2% in the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 165,740 shares of the real estate investment trust’s stock valued at $17,293,000 after acquiring an additional 143,440 shares in the last quarter. 94.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

RHP has been the topic of a number of recent analyst reports. Jefferies Financial Group initiated coverage on Ryman Hospitality Properties in a report on Wednesday, November 6th. They set a “buy” rating and a $130.00 price target on the stock. StockNews.com raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Saturday. Wells Fargo & Company reduced their price target 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. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $100.00 price objective on shares of Ryman Hospitality Properties in a research report on Friday, December 13th. Finally, Truist Financial reissued a “buy” rating and set a $133.00 target price (down from $136.00) on shares of Ryman Hospitality Properties in a research report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $125.67.

Insider Buying and Selling

In other news, Director Alvin L. Bowles, Jr. sold 473 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $97.03, for a total value of $45,895.19. Following the sale, the director now directly owns 2,675 shares of the company’s stock, valued at approximately $259,555.25. This represents a 15.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Colin V. Reed acquired 8,231 shares of Ryman Hospitality Properties stock in a transaction that occurred on Wednesday, February 26th. The shares were purchased at an average cost of $97.54 per share, with a total value of $802,851.74. Following the purchase, the chairman now owns 832,260 shares of the company’s stock, valued at $81,178,640.40. This represents a 1.00 % increase in their position. The disclosure for this purchase can be found here. 3.00% of the stock is currently owned by insiders.

Ryman Hospitality Properties Price Performance

NYSE RHP opened at $98.16 on Tuesday. The company has a market cap of $5.88 billion, a PE ratio of 22.36, a price-to-earnings-growth ratio of 2.71 and a beta of 1.67. 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 firm’s 50-day simple moving average is $103.12 and its two-hundred day simple moving average is $106.94. Ryman Hospitality Properties, Inc. has a 52 week low of $93.76 and a 52 week high of $121.77.

Ryman Hospitality Properties (NYSE:RHP) last released its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $2.15 EPS for the quarter, topping the consensus estimate of $1.21 by $0.94. Ryman Hospitality Properties had a net margin of 11.61% and a return on equity of 49.23%. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $1.15 per share. The ex-dividend date is Monday, March 31st. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.69%. 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.