Cibc World Markets Corp purchased a new stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 5,488 shares of the real estate investment trust's stock, valued at approximately $573,000.
Other hedge funds also recently modified their holdings of the company. Swiss National Bank raised its position in Ryman Hospitality Properties by 0.7% during the 4th quarter. Swiss National Bank now owns 111,900 shares of the real estate investment trust's stock worth $11,676,000 after purchasing an additional 800 shares during the last quarter. Avantax Advisory Services Inc. raised its position in shares of Ryman Hospitality Properties by 3.1% during the fourth quarter. Avantax Advisory Services Inc. now owns 8,033 shares of the real estate investment trust's stock worth $838,000 after acquiring an additional 238 shares during the last quarter. HighTower Advisors LLC acquired a new position in shares of Ryman Hospitality Properties in the fourth quarter worth approximately $262,000. Cooke & Bieler LP bought a new stake in Ryman Hospitality Properties in the fourth quarter valued at approximately $74,811,000. Finally, Daiwa Securities Group Inc. increased its position in Ryman Hospitality Properties by 4.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 20,830 shares of the real estate investment trust's stock valued at $2,174,000 after purchasing an additional 924 shares during the period. Institutional investors and hedge funds own 94.48% of the company's stock.
Ryman Hospitality Properties Stock Down 0.6 %
RHP stock traded down $0.52 during trading on Wednesday, reaching $94.18. 751,704 shares of the stock were exchanged, compared to its average volume of 534,419. The firm's 50 day moving average is $100.63 and its 200 day moving average is $106.31. The firm has a market cap of $5.64 billion, a P/E ratio of 21.45, a price-to-earnings-growth ratio of 2.71 and a beta of 1.65. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 6.07. Ryman Hospitality Properties, Inc. has a twelve month low of $92.04 and a twelve month high of $121.77.
Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last issued its earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share for the quarter, topping 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 company had revenue of $647.63 million for the quarter, compared to analyst estimates of $656.01 million. As a group, research analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.
Ryman Hospitality Properties Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.88%. The ex-dividend date of this dividend is Monday, March 31st. Ryman Hospitality Properties's dividend payout ratio is currently 104.78%.
Insider Transactions at Ryman Hospitality Properties
In other Ryman Hospitality Properties news, Director Alvin L. Bowles, Jr. sold 473 shares of Ryman Hospitality Properties stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $97.03, for a total transaction of $45,895.19. Following the completion of the transaction, the director now owns 2,675 shares in the company, valued at approximately $259,555.25. The trade was a 15.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Colin V. Reed acquired 8,231 shares of the stock in a transaction dated Wednesday, February 26th. The stock was bought at an average cost of $97.54 per share, with a total value of $802,851.74. Following the completion of the purchase, the chairman now owns 832,260 shares of the company's stock, valued at approximately $81,178,640.40. The trade was a 1.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.00% of the stock is currently owned by insiders.
Analyst Ratings Changes
RHP has been the subject of a number of analyst reports. Truist Financial lowered their target price on shares of Ryman Hospitality Properties from $133.00 to $127.00 and set a "buy" rating for the company in a research note on Friday, March 21st. Wells Fargo & Company lowered their price objective on Ryman Hospitality Properties from $130.00 to $122.00 and set an "overweight" rating for the company in a research report on Tuesday, February 18th. StockNews.com upgraded Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research report on Saturday, March 1st. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $100.00 target price on shares of Ryman Hospitality Properties in a research note on Friday, December 13th. Finally, BMO Capital Markets started coverage on Ryman Hospitality Properties in a research note on Monday, December 9th. They issued an "outperform" rating and a $133.00 price target on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $124.67.
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About Ryman Hospitality Properties
(
Free Report)
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.
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