UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Stock Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 483.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 609,761 shares of the real estate investment trust's stock after buying an additional 505,207 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 1.02% of Ryman Hospitality Properties worth $65,391,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of RHP. Price T Rowe Associates Inc. MD raised its stake in Ryman Hospitality Properties by 6.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 35,926 shares of the real estate investment trust's stock valued at $4,154,000 after buying an additional 2,144 shares during the last quarter. Janus Henderson Group PLC increased its stake in Ryman Hospitality Properties by 12.3% in the 1st quarter. Janus Henderson Group PLC now owns 31,261 shares of the real estate investment trust's stock worth $3,614,000 after buying an additional 3,431 shares in the last quarter. Tidal Investments LLC raised its stake in Ryman Hospitality Properties by 33.6% during the 1st quarter. Tidal Investments LLC now owns 2,646 shares of the real estate investment trust's stock valued at $306,000 after purchasing an additional 666 shares during the period. Harbor Capital Advisors Inc. boosted its stake in Ryman Hospitality Properties by 378.7% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 21,329 shares of the real estate investment trust's stock worth $2,130,000 after purchasing an additional 16,873 shares during the period. Finally, Diversified Trust Co grew its holdings in Ryman Hospitality Properties by 9.7% during the 2nd quarter. Diversified Trust Co now owns 7,997 shares of the real estate investment trust's stock valued at $799,000 after buying an additional 709 shares in the last quarter. Hedge funds and other institutional investors own 94.48% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on RHP. Truist Financial raised their target price on shares of Ryman Hospitality Properties from $130.00 to $136.00 and gave the company a "buy" rating in a research note on Monday, November 18th. Wells Fargo & Company decreased their target price on Ryman Hospitality Properties from $127.00 to $115.00 and set an "overweight" rating on the stock in a research report on Friday, September 13th. StockNews.com raised Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research note on Friday, August 9th. Finally, Jefferies Financial Group initiated coverage on Ryman Hospitality Properties in a research report on Wednesday, November 6th. They set a "buy" rating and a $130.00 target price for the company. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $126.17.

Ryman Hospitality Properties Trading Up 1.1 %

Shares of RHP traded up $1.34 during mid-day trading on Tuesday, reaching $118.89. 661,362 shares of the company's stock traded hands, compared to its average volume of 453,036. The stock has a market cap of $7.12 billion, a P/E ratio of 21.11, a P/E/G ratio of 2.96 and a beta of 1.65. Ryman Hospitality Properties, Inc. has a 12 month low of $93.76 and a 12 month high of $122.91. The stock's 50-day moving average is $111.23 and its two-hundred day moving average is $104.90. 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 (NYSE:RHP - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.94 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.83 by ($0.89). The business had revenue of $549.90 million for the quarter, compared to the consensus estimate of $545.93 million. Ryman Hospitality Properties had a net margin of 14.84% and a return on equity of 61.94%. Ryman Hospitality Properties's revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.73 earnings per share. Research analysts forecast that Ryman Hospitality Properties, Inc. will post 8.44 earnings per share for the current fiscal year.

Ryman Hospitality Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $1.15 dividend. This is a boost from Ryman Hospitality Properties's previous quarterly dividend of $1.10. The ex-dividend date is Tuesday, December 31st. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.87%. Ryman Hospitality Properties's dividend payout ratio (DPR) is presently 78.15%.

Insider Transactions at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Director Alvin L. Bowles, Jr. sold 900 shares of the business's stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $107.32, for a total value of $96,588.00. Following the completion of the transaction, the director now directly owns 3,148 shares of the company's stock, valued at approximately $337,843.36. The trade was a 22.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Fazal F. Merchant sold 1,269 shares of the business's stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $113.98, for a total transaction of $144,640.62. Following the completion of the transaction, the director now owns 4,825 shares of the company's stock, valued at approximately $549,953.50. This represents a 20.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.00% of the company's stock.

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.