Monument Capital Management Takes $345,000 Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Monument Capital Management acquired a new stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) during the 4th quarter, Holdings Channel.com reports. The fund acquired 3,136 shares of the real estate investment trust’s stock, valued at approximately $345,000.

Several other large investors also recently bought and sold shares of RHP. Vanguard Group Inc. boosted its holdings in shares of Ryman Hospitality Properties by 2.7% during the 3rd quarter. Vanguard Group Inc. now owns 8,307,026 shares of the real estate investment trust’s stock valued at $691,809,000 after acquiring an additional 216,137 shares during the last quarter. FMR LLC raised its stake in Ryman Hospitality Properties by 2.9% during the 3rd quarter. FMR LLC now owns 4,097,388 shares of the real estate investment trust’s stock valued at $341,230,000 after buying an additional 114,451 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Ryman Hospitality Properties by 5.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,713,128 shares of the real estate investment trust’s stock valued at $142,669,000 after buying an additional 93,082 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Ryman Hospitality Properties by 6.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,021,858 shares of the real estate investment trust’s stock worth $85,100,000 after buying an additional 62,322 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. increased its position in Ryman Hospitality Properties by 1.9% during the third quarter. Diamond Hill Capital Management Inc. now owns 751,628 shares of the real estate investment trust’s stock valued at $62,596,000 after acquiring an additional 14,083 shares during the last quarter. 94.48% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

RHP has been the topic of several recent research reports. Raymond James increased their price objective on shares of Ryman Hospitality Properties from $115.00 to $135.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. StockNews.com upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Friday, February 23rd. Wells Fargo & Company upped their price objective on Ryman Hospitality Properties from $125.00 to $133.00 and gave the stock an “overweight” rating in a research note on Thursday, March 21st. Finally, Truist Financial raised their target price on Ryman Hospitality Properties from $134.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $118.00.

Insider Activity

In related news, COO Patrick S. Chaffin sold 16,189 shares of the business’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $119.74, for a total value of $1,938,470.86. Following the sale, the chief operating officer now owns 17,618 shares in the company, valued at $2,109,579.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.00% of the company’s stock.

Ryman Hospitality Properties Trading Up 2.0 %

Shares of Ryman Hospitality Properties stock opened at $106.51 on Tuesday. The company has a debt-to-equity ratio of 5.90, a quick ratio of 1.97 and a current ratio of 1.97. Ryman Hospitality Properties, Inc. has a fifty-two week low of $79.86 and a fifty-two week high of $122.91. The company has a fifty day moving average of $115.17 and a 200 day moving average of $106.46. The company has a market capitalization of $6.38 billion, a P/E ratio of 20.56, a P/E/G ratio of 0.73 and a beta of 1.57.

Ryman Hospitality Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.13%. Ryman Hospitality Properties’s dividend payout ratio is 84.94%.

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.