Truist Financial Corp Has $2.57 Million Stock Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Truist Financial Corp cut its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 5.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,340 shares of the real estate investment trust’s stock after selling 1,450 shares during the period. Truist Financial Corp’s holdings in Ryman Hospitality Properties were worth $2,569,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Xponance Inc. lifted its holdings in Ryman Hospitality Properties by 2.6% in the fourth quarter. Xponance Inc. now owns 3,531 shares of the real estate investment trust’s stock valued at $389,000 after buying an additional 91 shares during the period. Harbour Capital Advisors LLC lifted its stake in shares of Ryman Hospitality Properties by 0.9% in the 4th quarter. Harbour Capital Advisors LLC now owns 13,440 shares of the real estate investment trust’s stock valued at $1,482,000 after purchasing an additional 115 shares during the period. Covestor Ltd boosted its position in shares of Ryman Hospitality Properties by 15.5% in the 3rd quarter. Covestor Ltd now owns 1,218 shares of the real estate investment trust’s stock worth $101,000 after purchasing an additional 163 shares during the last quarter. Amalgamated Bank grew its stake in shares of Ryman Hospitality Properties by 2.7% during the third quarter. Amalgamated Bank now owns 8,861 shares of the real estate investment trust’s stock worth $738,000 after purchasing an additional 235 shares during the period. Finally, GAMMA Investing LLC acquired a new stake in shares of Ryman Hospitality Properties during the fourth quarter worth $27,000. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Chairman Colin V. Reed purchased 13,800 shares of the company’s stock in a transaction on Tuesday, May 7th. The shares were purchased at an average price of $106.40 per share, with a total value of $1,468,320.00. Following the purchase, the chairman now directly owns 819,143 shares of the company’s stock, valued at approximately $87,156,815.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, COO Patrick S. Chaffin sold 16,189 shares of the stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $119.74, for a total transaction of $1,938,470.86. Following the completion of the transaction, the chief operating officer now owns 17,618 shares in the company, valued at $2,109,579.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Colin V. Reed bought 13,800 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The stock was acquired at an average cost of $106.40 per share, with a total value of $1,468,320.00. Following the transaction, the chairman now owns 819,143 shares of the company’s stock, valued at approximately $87,156,815.20. The disclosure for this purchase can be found here. Company insiders own 3.00% of the company’s stock.

Ryman Hospitality Properties Stock Performance

Shares of RHP opened at $104.07 on Thursday. The firm has a market cap of $6.23 billion, a P/E ratio of 21.55, a PEG ratio of 0.78 and a beta of 1.59. Ryman Hospitality Properties, Inc. has a twelve month low of $79.86 and a twelve month high of $122.91. The company has a debt-to-equity ratio of 5.90, a quick ratio of 1.97 and a current ratio of 1.97. The firm’s 50 day moving average price is $112.48 and its two-hundred day moving average price is $108.06.

Ryman Hospitality Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date of this dividend was Wednesday, March 27th. Ryman Hospitality Properties’s payout ratio is presently 91.10%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on RHP. Raymond James boosted their target price on Ryman Hospitality Properties from $115.00 to $135.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Truist Financial boosted their price objective on shares of Ryman Hospitality Properties from $134.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Wells Fargo & Company increased their target price on shares of Ryman Hospitality Properties from $125.00 to $133.00 and gave the stock an “overweight” rating in a report on Thursday, March 21st. Finally, StockNews.com cut shares of Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research report on Monday. One analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $118.00.

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.