PNC Financial Services Group Inc. Increases Stock Holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP)

PNC Financial Services Group Inc. raised its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 369.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 12,738 shares of the real estate investment trust's stock after acquiring an additional 10,025 shares during the period. PNC Financial Services Group Inc.'s holdings in Ryman Hospitality Properties were worth $1,329,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in RHP. Victory Capital Management Inc. increased its position in shares of 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 valued at $57,141,000 after buying an additional 255,229 shares in the last quarter. Citigroup Inc. increased its position in shares of Ryman Hospitality Properties by 72.9% in the 3rd quarter. Citigroup Inc. now owns 54,239 shares of the real estate investment trust's stock valued at $5,817,000 after buying an additional 22,871 shares in the last quarter. Paradigm Asset Management Co. LLC bought a new stake in shares of Ryman Hospitality Properties in the 4th quarter valued at $741,000. Van ECK Associates Corp increased its position in shares of Ryman Hospitality Properties by 10.2% in the 4th quarter. Van ECK Associates Corp now owns 11,109 shares of the real estate investment trust's stock valued at $1,159,000 after buying an additional 1,029 shares in the last quarter. Finally, Quantinno Capital Management LP bought a new stake in shares of Ryman Hospitality Properties in the 3rd quarter valued at $488,000. Institutional investors own 94.48% of the company's stock.

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Ryman Hospitality Properties Price Performance

NYSE:RHP traded down $0.15 during mid-day trading on Thursday, reaching $95.66. The stock had a trading volume of 980,846 shares, compared to its average volume of 488,323. The stock has a 50-day simple moving average of $101.15 and a two-hundred day simple moving average of $106.42. The stock has a market capitalization of $5.73 billion, a PE ratio of 21.79, a P/E/G ratio of 2.71 and a beta of 1.65. 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 12 month low of $93.17 and a 12 month high of $121.77.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.94. The company 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 earnings per share for the current year.

Ryman Hospitality Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders 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 annualized dividend and a yield of 4.81%. Ryman Hospitality Properties's dividend payout ratio is presently 104.78%.

Insider Buying and Selling at Ryman Hospitality Properties

In other news, 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 transaction, the director now directly owns 2,675 shares in the company, valued at $259,555.25. This trade represents a 15.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Colin V. Reed bought 8,231 shares of the stock in a transaction on Wednesday, February 26th. The stock was acquired at an average price of $97.54 per share, with a total value of $802,851.74. Following the completion of the acquisition, the chairman now owns 832,260 shares of the company's stock, valued at $81,178,640.40. This represents a 1.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 3.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $100.00 target price on shares of Ryman Hospitality Properties in a research note on Friday, December 13th. Truist Financial reaffirmed a "buy" rating and issued a $133.00 target price (down from $136.00) on shares of Ryman Hospitality Properties in a research note on Tuesday, February 25th. 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 reduced their target price 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 assumed coverage on shares of Ryman Hospitality Properties in a research note on Monday, December 9th. They issued an "outperform" rating and a $133.00 target price for the company. 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. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $125.67.

About Ryman Hospitality Properties

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.