Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Acquired by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. increased its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 4.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 78,520 shares of the real estate investment trust's stock after buying an additional 3,110 shares during the period. Nomura Asset Management Co. Ltd. owned 0.13% of Ryman Hospitality Properties worth $8,193,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Quarry LP bought a new position in shares of Ryman Hospitality Properties during the 3rd quarter worth $28,000. Heck Capital Advisors LLC bought a new position in Ryman Hospitality Properties during the 4th quarter worth about $31,000. Harvest Fund Management Co. Ltd purchased a new position in Ryman Hospitality Properties during the 4th quarter valued at about $72,000. Venturi Wealth Management LLC bought a new stake in shares of Ryman Hospitality Properties in the 4th quarter valued at about $83,000. Finally, Blue Trust Inc. lifted its position in shares of Ryman Hospitality Properties by 23.4% in the 4th quarter. Blue Trust Inc. now owns 845 shares of the real estate investment trust's stock worth $91,000 after purchasing an additional 160 shares during the period. Institutional investors own 94.48% of the company's stock.

Wall Street Analyst Weigh In

Several equities 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 report on Friday, December 13th. StockNews.com upgraded Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a report on Saturday, March 1st. Truist Financial decreased their price objective on Ryman Hospitality Properties from $133.00 to $127.00 and set a "buy" rating for the company in a research note on Friday, March 21st. Wells Fargo & Company cut their target price on Ryman Hospitality Properties from $130.00 to $122.00 and set an "overweight" rating on the stock 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 target for the company. One analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $124.67.

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Insider Activity at Ryman Hospitality Properties

In other news, Chairman Colin V. Reed acquired 8,231 shares of the business's stock in a transaction dated Wednesday, February 26th. The shares were acquired at an average cost 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 approximately $81,178,640.40. This trade represents a 1.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Alvin L. Bowles, Jr. sold 473 shares of Ryman Hospitality Properties stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $97.03, for a total value of $45,895.19. Following the sale, the director now directly owns 2,675 shares of the company's stock, 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 Down 8.5 %

Ryman Hospitality Properties stock traded down $7.95 during midday trading on Thursday, reaching $85.96. The company's stock had a trading volume of 1,679,220 shares, compared to its average volume of 567,172. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.73. The stock 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. The stock's 50-day simple moving average is $99.36 and its 200-day simple moving average is $105.96. Ryman Hospitality Properties, Inc. has a 52-week low of $85.55 and a 52-week high of $121.77.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $2.15 EPS for the quarter, beating the consensus estimate of $1.21 by $0.94. The firm 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, sell-side analysts expect that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.

Ryman Hospitality Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 5.35%. The ex-dividend date is Monday, March 31st. Ryman Hospitality Properties's dividend payout ratio (DPR) 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.