Bank of New York Mellon Corp Has $58.34 Million Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Bank of New York Mellon Corp grew its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 24.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 559,143 shares of the real estate investment trust's stock after buying an additional 108,263 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.93% of Ryman Hospitality Properties worth $58,341,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quarry LP acquired a new stake in shares of Ryman Hospitality Properties in the third quarter valued at $28,000. Heck Capital Advisors LLC acquired a new stake in Ryman Hospitality Properties in the fourth quarter worth about $31,000. Avior Wealth Management LLC increased its position in Ryman Hospitality Properties by 44.9% in the third quarter. Avior Wealth Management LLC now owns 442 shares of the real estate investment trust's stock worth $47,000 after purchasing an additional 137 shares during the period. Farther Finance Advisors LLC increased its position in Ryman Hospitality Properties by 79.9% in the third quarter. Farther Finance Advisors LLC now owns 491 shares of the real estate investment trust's stock worth $53,000 after purchasing an additional 218 shares during the period. Finally, Venturi Wealth Management LLC acquired a new stake in Ryman Hospitality Properties in the fourth quarter worth about $83,000. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

RHP has been the subject of a number of research reports. StockNews.com upgraded Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research report on Saturday, March 1st. BMO Capital Markets initiated coverage on Ryman Hospitality Properties in a research report on Monday, December 9th. They issued an "outperform" rating and a $133.00 price objective for the company. 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. JPMorgan Chase & Co. restated an "underweight" rating and set a $100.00 target price on shares of Ryman Hospitality Properties in a report on Friday, December 13th. Finally, Truist Financial restated a "buy" rating and set a $133.00 target price (down previously from $136.00) on shares of Ryman Hospitality Properties in a report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $125.67.

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Insider Activity at Ryman Hospitality Properties

In related news, Chairman Colin V. Reed purchased 8,231 shares of the stock in a transaction on Wednesday, February 26th. The shares were purchased at an average price 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 ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Alvin L. Bowles, Jr. sold 473 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $97.03, for a total value of $45,895.19. Following 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 position. The disclosure for this sale can be found here. 3.00% of the stock is owned by insiders.

Ryman Hospitality Properties Stock Up 2.8 %

Shares of NYSE:RHP traded up $2.67 during trading on Friday, hitting $98.85. 574,561 shares of the company's stock traded hands, compared to its average volume of 458,303. Ryman Hospitality Properties, Inc. has a 52 week low of $93.76 and a 52 week high of $121.77. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 6.07. The company has a market cap of $5.92 billion, a price-to-earnings ratio of 22.52, a price-to-earnings-growth ratio of 2.71 and a beta of 1.65. The company has a 50-day moving average price of $102.33 and a 200-day moving average price of $106.74.

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. Ryman Hospitality Properties had a return on equity of 49.23% and a net margin of 11.61%. The business had revenue of $647.63 million for the quarter, compared to analysts' expectations of $656.01 million. As a group, research analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

The company also recently announced 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. This represents a $4.60 dividend on an annualized basis and a yield of 4.65%. The ex-dividend date of this dividend is Monday, March 31st. Ryman Hospitality Properties's dividend payout ratio is presently 104.78%.

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.