Harbor Capital Advisors Inc. Buys 16,873 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Harbor Capital Advisors Inc. boosted its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 378.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,329 shares of the real estate investment trust’s stock after purchasing an additional 16,873 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Ryman Hospitality Properties were worth $2,130,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC bought a new stake in Ryman Hospitality Properties in the fourth quarter worth $27,000. Parallel Advisors LLC boosted its stake in shares of Ryman Hospitality Properties by 6,550.0% during the 4th quarter. Parallel Advisors LLC now owns 266 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 262 shares during the period. Larson Financial Group LLC bought a new position in Ryman Hospitality Properties during the 1st quarter valued at about $35,000. Signaturefd LLC raised its position in Ryman Hospitality Properties by 518.9% in the 4th quarter. Signaturefd LLC now owns 328 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 275 shares during the period. Finally, Fidelis Capital Partners LLC bought a new stake in Ryman Hospitality Properties in the first quarter worth about $103,000. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Stock Down 1.2 %

Shares of NYSE:RHP traded down $1.18 during trading hours on Wednesday, hitting $96.57. The company’s stock had a trading volume of 307,440 shares, compared to its average volume of 459,329. The firm’s fifty day moving average price is $100.65 and its 200 day moving average price is $108.01. Ryman Hospitality Properties, Inc. has a 52 week low of $79.86 and a 52 week high of $122.91. The company has a market capitalization of $5.78 billion, a price-to-earnings ratio of 20.06, a P/E/G ratio of 2.08 and a beta of 1.64. The company has a debt-to-equity ratio of 6.33, a current ratio of 1.99 and a quick ratio of 1.99.

Ryman Hospitality Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were issued a $1.10 dividend. The ex-dividend date was Friday, June 28th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.56%. Ryman Hospitality Properties’s dividend payout ratio is presently 91.10%.

Insider Buying and Selling at Ryman Hospitality Properties

In other news, Director Christine Pantoya sold 1,491 shares of the firm’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $105.94, for a total value of $157,956.54. Following the completion of the sale, the director now owns 4,973 shares of the company’s stock, valued at approximately $526,839.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director William E. Haslam purchased 9,972 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were acquired at an average price of $100.28 per share, for a total transaction of $999,992.16. Following the purchase, the director now owns 22,790 shares in the company, valued at $2,285,381.20. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Christine Pantoya sold 1,491 shares of Ryman Hospitality Properties stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $105.94, for a total value of $157,956.54. Following the sale, the director now directly owns 4,973 shares of the company’s stock, valued at approximately $526,839.62. The disclosure for this sale can be found here. 3.00% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. StockNews.com upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft cut their price target on shares of Ryman Hospitality Properties from $141.00 to $136.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. JPMorgan Chase & Co. lifted their price objective on shares of Ryman Hospitality Properties from $104.00 to $105.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Finally, Truist Financial reduced their target price on shares of Ryman Hospitality Properties from $135.00 to $130.00 and set a “buy” rating on the stock in a research report on Thursday, May 30th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Ryman Hospitality Properties has a consensus rating of “Moderate Buy” and an average target price of $118.71.

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.