Principal Financial Group Inc. Acquires 931,283 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Principal Financial Group Inc. grew its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 41.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,153,360 shares of the real estate investment trust’s stock after acquiring an additional 931,283 shares during the period. Principal Financial Group Inc. owned 5.27% of Ryman Hospitality Properties worth $338,168,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Fifth Third Bancorp raised its holdings in Ryman Hospitality Properties by 347.6% in the 2nd quarter. Fifth Third Bancorp now owns 282 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 219 shares during the period. SYSTM Wealth Solutions LLC bought a new position in shares of Ryman Hospitality Properties in the second quarter worth about $32,000. Quest Partners LLC lifted its position in shares of Ryman Hospitality Properties by 8,450.0% during the 2nd quarter. Quest Partners LLC now owns 342 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 338 shares in the last quarter. Larson Financial Group LLC bought a new position in shares of Ryman Hospitality Properties during the 1st quarter valued at approximately $35,000. Finally, GAMMA Investing LLC increased its holdings in Ryman Hospitality Properties by 34.6% in the 3rd quarter. GAMMA Investing LLC now owns 401 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 103 shares in the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Analyst Ratings Changes

RHP has been the topic of several analyst reports. Jefferies Financial Group began coverage on shares of Ryman Hospitality Properties in a report on Wednesday. They set a “buy” rating and a $130.00 price target on the stock. Wells Fargo & Company lowered their target price on shares of Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating on the stock in a research note on Friday, September 13th. StockNews.com raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Friday, August 9th. Finally, JPMorgan Chase & Co. raised their price target on Ryman Hospitality Properties from $104.00 to $105.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $125.17.

Insider Buying and Selling

In other Ryman Hospitality Properties news, Director Alvin L. Bowles, Jr. sold 900 shares of the stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $107.32, for a total transaction of $96,588.00. Following the completion of the transaction, the director now owns 3,148 shares in the company, valued at $337,843.36. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.00% of the stock is currently owned by company insiders.

Ryman Hospitality Properties Stock Down 1.6 %

Shares of RHP stock opened at $111.22 on Friday. The company’s fifty day simple moving average is $107.25 and its two-hundred day simple moving average is $103.93. Ryman Hospitality Properties, Inc. has a 52 week low of $90.80 and a 52 week high of $122.91. The stock has a market cap of $6.66 billion, a P/E ratio of 19.75, a PEG ratio of 2.08 and a beta of 1.65. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 5.96.

Ryman Hospitality Properties (NYSE:RHP) last posted its earnings results on Monday, November 4th. The real estate investment trust reported $0.94 EPS for the quarter, missing analysts’ consensus estimates of $1.83 by ($0.89). The firm had revenue of $549.90 million during the quarter, compared to analysts’ expectations of $545.93 million. Ryman Hospitality Properties had a return on equity of 61.88% and a net margin of 14.84%. Ryman Hospitality Properties’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.73 earnings per share. Analysts predict that Ryman Hospitality Properties, Inc. will post 8.38 EPS for the current fiscal year.

Ryman Hospitality Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $1.15 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This is a positive change from Ryman Hospitality Properties’s previous quarterly dividend of $1.10. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.14%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is 78.15%.

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.