JPMorgan Chase & Co. Acquires 138,771 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

JPMorgan Chase & Co. grew its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 10.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,439,719 shares of the real estate investment trust's stock after buying an additional 138,771 shares during the quarter. JPMorgan Chase & Co. owned approximately 2.40% of Ryman Hospitality Properties worth $150,220,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Principal Financial Group Inc. increased its stake in Ryman Hospitality Properties by 41.9% in the 3rd quarter. Principal Financial Group Inc. now owns 3,153,360 shares of the real estate investment trust's stock worth $338,168,000 after buying an additional 931,283 shares in the last quarter. Cooke & Bieler LP bought a new stake in Ryman Hospitality Properties during the 4th quarter valued at approximately $74,811,000. Hamlin Capital Management LLC bought a new stake in Ryman Hospitality Properties during the 4th quarter valued at approximately $65,142,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Ryman Hospitality Properties by 483.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 609,761 shares of the real estate investment trust's stock worth $65,391,000 after purchasing an additional 505,207 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Ryman Hospitality Properties by 87.3% in the 4th quarter. Victory Capital Management Inc. now owns 547,639 shares of the real estate investment trust's stock worth $57,141,000 after purchasing an additional 255,229 shares during the period. 94.48% of the stock is owned by hedge funds and other institutional investors.

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Ryman Hospitality Properties Price Performance

Shares of NYSE RHP traded down $7.95 during mid-day trading on Thursday, hitting $85.96. 1,679,220 shares of the company's stock traded hands, compared to its average volume of 567,727. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.73. Ryman Hospitality Properties, Inc. has a 1 year low of $85.55 and a 1 year high of $121.77. The company's 50-day moving average is $99.36 and its two-hundred day moving average is $105.96. The company has a market capitalization of $5.15 billion, a P/E ratio of 19.58, a PEG ratio of 2.71 and a beta of 1.65.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.21 by $0.94. The business had revenue of $647.63 million for the quarter, compared to the consensus estimate of $656.01 million. Ryman Hospitality Properties had a return on equity of 49.23% and a net margin of 11.61%. On average, equities analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 EPS 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. Investors of record on Monday, March 31st will be given a $1.15 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $4.60 dividend on an annualized basis and a yield of 5.35%. Ryman Hospitality Properties's dividend payout ratio is presently 104.78%.

Insiders Place Their Bets

In other news, Chairman Colin V. Reed acquired 8,231 shares of Ryman Hospitality Properties stock in a transaction that occurred on Wednesday, February 26th. The shares were bought at an average cost of $97.54 per share, with a total value of $802,851.74. Following the transaction, the chairman now directly owns 832,260 shares of the company's stock, valued at $81,178,640.40. This trade represents a 1.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Alvin L. Bowles, Jr. sold 473 shares of the firm's 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 sale, the director now directly owns 2,675 shares of the company's stock, valued at approximately $259,555.25. The trade was a 15.03 % decrease in their position. The disclosure for this sale can be found here. 3.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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