CIBC Private Wealth Group LLC Buys 9,033 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

CIBC Private Wealth Group LLC raised its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 159.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,691 shares of the real estate investment trust's stock after purchasing an additional 9,033 shares during the period. CIBC Private Wealth Group LLC's holdings in Ryman Hospitality Properties were worth $1,510,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Arizona State Retirement System lifted its holdings in shares of Ryman Hospitality Properties by 0.8% in the fourth quarter. Arizona State Retirement System now owns 16,515 shares of the real estate investment trust's stock worth $1,723,000 after buying an additional 132 shares in the last quarter. Tidal Investments LLC lifted its stake in Ryman Hospitality Properties by 2.1% in the 3rd quarter. Tidal Investments LLC now owns 7,264 shares of the real estate investment trust's stock worth $779,000 after purchasing an additional 152 shares in the last quarter. Summit Global Investments boosted its holdings in Ryman Hospitality Properties by 2.1% in the 4th quarter. Summit Global Investments now owns 7,597 shares of the real estate investment trust's stock valued at $793,000 after purchasing an additional 153 shares during the period. Blue Trust Inc. grew its position in shares of Ryman Hospitality Properties by 23.4% during the 4th quarter. Blue Trust Inc. now owns 845 shares of the real estate investment trust's stock valued at $91,000 after purchasing an additional 160 shares in the last quarter. Finally, Captrust Financial Advisors increased its holdings in shares of Ryman Hospitality Properties by 4.2% in the third quarter. Captrust Financial Advisors now owns 5,283 shares of the real estate investment trust's stock worth $567,000 after purchasing an additional 213 shares during the period. Institutional investors own 94.48% of the company's stock.

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Insider Buying and Selling at Ryman Hospitality Properties

In related news, Director Alvin L. Bowles, Jr. sold 473 shares of the company's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $97.03, for a total transaction of $45,895.19. Following the completion of the sale, the director now directly owns 2,675 shares in the company, valued at $259,555.25. This represents a 15.03 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Colin V. Reed purchased 8,231 shares of the business's stock in a transaction on Wednesday, February 26th. The stock was purchased at an average cost of $97.54 per share, for a total transaction of $802,851.74. Following the acquisition, the chairman now owns 832,260 shares in the company, 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. Corporate insiders own 3.00% of the company's stock.

Ryman Hospitality Properties Trading Up 0.8 %

Shares of RHP traded up $0.65 during mid-day trading on Tuesday, reaching $81.87. The company's stock had a trading volume of 171,100 shares, compared to its average volume of 885,241. 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 52 week low of $78.60 and a 52 week high of $121.77. The company's fifty day moving average price is $98.09 and its two-hundred day moving average price is $105.54. The stock has a market cap of $4.90 billion, a PE ratio of 18.65, a P/E/G ratio of 2.71 and a beta of 1.38.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.94. The business had revenue of $647.63 million during the quarter, compared to analyst estimates of $656.01 million. Ryman Hospitality Properties had a net margin of 11.61% and a return on equity of 49.23%. On average, analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $1.15 dividend. The ex-dividend date is Monday, March 31st. This represents a $4.60 dividend on an annualized basis and a yield of 5.62%. Ryman Hospitality Properties's dividend payout ratio (DPR) is currently 104.78%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on RHP shares. JPMorgan Chase & Co. reissued an "underweight" rating and set a $100.00 price objective on shares of Ryman Hospitality Properties in a research note on Friday, December 13th. Truist Financial cut their price objective on Ryman Hospitality Properties from $133.00 to $127.00 and set a "buy" rating for the company in a report on Friday, March 21st. StockNews.com raised shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research note on Saturday, March 1st. Wells Fargo & Company cut their price target on shares of Ryman Hospitality Properties from $130.00 to $122.00 and set an "overweight" rating for the company in a research note on Tuesday, February 18th. Finally, BMO Capital Markets initiated coverage on shares of Ryman Hospitality Properties in a research report on Monday, December 9th. They set an "outperform" rating and a $133.00 price objective on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Ryman Hospitality Properties presently has a consensus rating of "Moderate Buy" and a consensus target price of $124.67.

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.