Landscape Capital Management L.L.C. Invests $656,000 in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Landscape Capital Management L.L.C. acquired a new stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,285 shares of the real estate investment trust’s stock, valued at approximately $656,000.

Several other hedge funds also recently added to or reduced their stakes in RHP. Quarry LP acquired a new position in shares of Ryman Hospitality Properties in the 3rd quarter valued at $28,000. Heck Capital Advisors LLC acquired a new position in Ryman Hospitality Properties in the fourth quarter valued at about $31,000. Harvest Fund Management Co. Ltd purchased a new stake in Ryman Hospitality Properties in the fourth quarter valued at approximately $72,000. Venturi Wealth Management LLC purchased a new position in shares of Ryman Hospitality Properties during the fourth quarter worth $83,000. Finally, Blue Trust Inc. grew its stake in shares of Ryman Hospitality Properties by 23.4% in the fourth quarter. Blue Trust Inc. now owns 845 shares of the real estate investment trust’s stock valued at $91,000 after buying an additional 160 shares in the last quarter. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $100.00 price objective on shares of Ryman Hospitality Properties in a research note on Friday, December 13th. Wells Fargo & Company decreased 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 note on Tuesday, February 18th. BMO Capital Markets started coverage on shares of Ryman Hospitality Properties in a research note on Monday, December 9th. They set an “outperform” rating and a $133.00 target price for the company. StockNews.com upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Saturday, March 1st. Finally, Truist Financial lowered their price objective 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 assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Ryman Hospitality Properties currently has a consensus rating of “Moderate Buy” and an average target price of $124.67.

Insiders Place Their Bets

In related news, Director Alvin L. Bowles, Jr. sold 473 shares of Ryman Hospitality Properties 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 transaction, 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Colin V. Reed bought 8,231 shares of Ryman Hospitality Properties stock in a transaction dated Wednesday, February 26th. The stock was purchased at an average price of $97.54 per share, with a total value of $802,851.74. Following the purchase, the chairman now directly owns 832,260 shares in the company, valued at approximately $81,178,640.40. This trade 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 Stock Performance

NYSE RHP opened at $84.84 on Monday. The company has a fifty day moving average of $98.59 and a two-hundred day moving average of $105.74. The company has a market capitalization of $5.08 billion, a PE ratio of 19.33, a P/E/G ratio of 2.71 and a beta of 1.38. Ryman Hospitality Properties, Inc. has a 1 year low of $80.47 and a 1 year high of $121.77. 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 announced its earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.94. Ryman Hospitality Properties had a return on equity of 49.23% and a net margin of 11.61%. The firm had revenue of $647.63 million during the quarter, compared to analysts’ expectations of $656.01 million. As a group, analysts expect that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current year.

Ryman Hospitality Properties Dividend Announcement

The firm also recently declared 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. This represents a $4.60 dividend on an annualized basis and a yield of 5.42%. The ex-dividend date is Monday, March 31st. Ryman Hospitality Properties’s dividend payout ratio is currently 104.78%.

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.