CANADA LIFE ASSURANCE Co Buys 5,916 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

CANADA LIFE ASSURANCE Co grew its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 7.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 83,109 shares of the real estate investment trust's stock after buying an additional 5,916 shares during the period. CANADA LIFE ASSURANCE Co owned 0.14% of Ryman Hospitality Properties worth $8,664,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in RHP. Bank of Montreal Can raised its stake in Ryman Hospitality Properties by 119.4% during the 4th quarter. Bank of Montreal Can now owns 50,846 shares of the real estate investment trust's stock worth $5,305,000 after acquiring an additional 27,672 shares during the period. Victory Capital Management Inc. raised its position in shares of Ryman Hospitality Properties by 87.3% during 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 purchasing an additional 255,229 shares during the period. Integrated Quantitative Investments LLC purchased a new position in shares of Ryman Hospitality Properties during the 4th quarter valued at $336,000. Paradigm Asset Management Co. LLC purchased a new position in shares of Ryman Hospitality Properties during the 4th quarter valued at $741,000. Finally, Van ECK Associates Corp boosted its holdings in 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 worth $1,159,000 after buying an additional 1,029 shares during the period. 94.48% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Ryman Hospitality Properties

In related news, Director Alvin L. Bowles, Jr. sold 473 shares of Ryman Hospitality Properties stock in a transaction dated Wednesday, February 26th. The shares were 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 of the company's stock, valued at approximately $259,555.25. The trade was a 15.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Colin V. Reed purchased 8,231 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The shares were purchased at an average price of $97.54 per share, for a total transaction of $802,851.74. Following the completion of the acquisition, the chairman now directly owns 832,260 shares in the company, valued at $81,178,640.40. The trade was a 1.00 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 5.00% of the company's stock.

Ryman Hospitality Properties Price Performance

Shares of RHP stock traded up $0.83 on Thursday, reaching $86.65. The company's stock had a trading volume of 540,691 shares, compared to its average volume of 611,036. The stock's fifty day simple moving average is $92.67 and its 200-day simple moving average is $103.21. Ryman Hospitality Properties, Inc. has a 1 year low of $76.27 and a 1 year high of $121.77. The company has a market capitalization of $5.20 billion, a price-to-earnings ratio of 19.74, a price-to-earnings-growth 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 (NYSE:RHP - Get Free Report) last posted its earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share for the quarter, topping analysts' consensus estimates of $1.21 by $0.94. Ryman Hospitality Properties had a net margin of 11.61% and a return on equity of 49.23%. The firm had revenue of $647.63 million for the quarter, compared to the consensus estimate of $656.01 million. Analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 5.31%. The ex-dividend date of this dividend was Monday, March 31st. Ryman Hospitality Properties's payout ratio is 104.78%.

Analyst Upgrades and Downgrades

RHP has been the topic of several research analyst reports. Jefferies Financial Group lowered their price objective on Ryman Hospitality Properties from $118.00 to $100.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Truist Financial lowered their price target on Ryman Hospitality Properties from $133.00 to $127.00 and set a "buy" rating on the stock in a report on Friday, March 21st. StockNews.com raised shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a report on Saturday, March 1st. Finally, Wells Fargo & Company lowered their target price on shares of Ryman Hospitality Properties from $130.00 to $122.00 and set an "overweight" rating on the stock in a report on Tuesday, February 18th. One 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. According to data from MarketBeat, Ryman Hospitality Properties presently has a consensus rating of "Moderate Buy" and a consensus price target 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.