Resona Asset Management Co. Ltd. Invests $2.53 Million in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Resona Asset Management Co. Ltd. bought a new position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 23,880 shares of the real estate investment trust's stock, valued at approximately $2,530,000.

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

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Ryman Hospitality Properties Price Performance

NYSE:RHP traded down $0.41 during mid-day trading on Tuesday, hitting $84.88. The company's stock had a trading volume of 102,763 shares, compared to its average volume of 602,670. The company has a market capitalization of $5.09 billion, a price-to-earnings ratio of 19.32, a P/E/G ratio of 2.71 and a beta of 1.38. 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 fifty-two week low of $76.27 and a fifty-two week high of $121.77. The stock has a fifty day moving average of $95.17 and a 200-day moving average of $104.28.

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 analyst estimates of $656.01 million. Ryman Hospitality Properties had a return on equity of 49.23% and a net margin of 11.61%. As a group, equities analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 5.42%. The ex-dividend date of this dividend is Monday, March 31st. Ryman Hospitality Properties's payout ratio is 104.78%.

Insider Activity at Ryman Hospitality Properties

In other news, Director Alvin L. Bowles, Jr. sold 473 shares of Ryman Hospitality Properties stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $97.03, for a total value 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Colin V. Reed purchased 8,231 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The shares were acquired at an average price of $97.54 per share, for a total transaction of $802,851.74. Following the completion of the transaction, the chairman now owns 832,260 shares in the company, valued at $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.

Wall Street Analyst Weigh In

RHP has been the subject of a number of research reports. Truist Financial reduced their price target on shares of 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 upgraded shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research note on Saturday, March 1st. Jefferies Financial Group lowered their price target on Ryman Hospitality Properties from $118.00 to $100.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Finally, Wells Fargo & Company reduced 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. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $119.67.

Ryman Hospitality Properties 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.