Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 48.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 36,091 shares of the real estate investment trust's stock after buying an additional 11,753 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.06% of Ryman Hospitality Properties worth $3,766,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its holdings in Ryman Hospitality Properties by 41.9% during the 3rd quarter. Principal Financial Group Inc. now owns 3,153,360 shares of the real estate investment trust's stock worth $338,168,000 after acquiring an additional 931,283 shares during the period. Versor Investments LP purchased a new stake in shares of Ryman Hospitality Properties in the third quarter worth approximately $247,000. Aigen Investment Management LP purchased a new stake in shares of Ryman Hospitality Properties in the third quarter valued at about $287,000. Victory Capital Management Inc. lifted its position in shares of Ryman Hospitality Properties by 3,800.4% during the 3rd quarter. Victory Capital Management Inc. now owns 292,410 shares of the real estate investment trust's stock worth $31,358,000 after buying an additional 284,913 shares in the last quarter. Finally, Metis Global Partners LLC boosted its position in Ryman Hospitality Properties by 29.7% in the third quarter. Metis Global Partners LLC now owns 6,167 shares of the real estate investment trust's stock worth $661,000 after purchasing an additional 1,412 shares during the last quarter. Institutional investors and hedge funds own 94.48% of the company's stock.

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Insider Activity

In related news, Chairman Colin V. Reed purchased 8,231 shares of the business's stock in a transaction dated Wednesday, February 26th. The stock was acquired at an average price of $97.54 per share, for a total transaction of $802,851.74. Following the completion of the purchase, 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alvin L. Bowles, Jr. sold 473 shares of the firm's 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 sale, the director now directly owns 2,675 shares of the company's stock, valued at $259,555.25. This represents a 15.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.00% of the company's stock.

Ryman Hospitality Properties Price Performance

Shares of NYSE RHP traded up $0.62 during trading on Wednesday, hitting $95.78. The company had a trading volume of 1,272,327 shares, compared to its average volume of 622,659. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 6.07. The stock has a fifty day simple moving average of $101.28 and a two-hundred day simple moving average of $106.49. The firm has a market capitalization of $5.74 billion, a price-to-earnings ratio of 21.82, a price-to-earnings-growth ratio of 2.71 and a beta of 1.65. Ryman Hospitality Properties, Inc. has a fifty-two week low of $93.17 and a fifty-two week high of $121.77.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last announced its quarterly earnings results 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. 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 analyst estimates of $656.01 million. On average, research analysts expect that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current year.

Ryman Hospitality Properties Announces Dividend

The company 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 $1.15 dividend. The ex-dividend date is Monday, March 31st. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.80%. Ryman Hospitality Properties's payout ratio is 104.78%.

Analysts Set New Price Targets

RHP has been the subject of several recent research reports. 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 target for the company. Truist Financial reiterated a "buy" rating and issued a $133.00 price target (down from $136.00) on shares of Ryman Hospitality Properties in a research note on Tuesday, February 25th. StockNews.com raised shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a report on Saturday, March 1st. Wells Fargo & Company lowered their target price on Ryman Hospitality Properties from $130.00 to $122.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. reiterated an "underweight" rating and set a $100.00 price objective on shares of Ryman Hospitality Properties in a research report on Friday, December 13th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $125.67.

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.