Truist Financial Corp trimmed its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP – Free Report) by 1.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 7,128 shares of the real estate investment trust’s stock after selling 112 shares during the quarter. Truist Financial Corp’s holdings in Ryman Hospitality Properties were worth $744,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also made changes to their positions in the business. Principal Financial Group Inc. lifted its position in Ryman Hospitality Properties by 3.2% during the fourth quarter. Principal Financial Group Inc. now owns 3,254,693 shares of the real estate investment trust’s stock valued at $339,596,000 after purchasing an additional 101,333 shares during the period. State of New Jersey Common Pension Fund D lifted its holdings in shares of Ryman Hospitality Properties by 7.8% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 64,274 shares of the real estate investment trust’s stock valued at $6,706,000 after buying an additional 4,637 shares during the period. Rhumbline Advisers lifted its holdings in shares of Ryman Hospitality Properties by 3.7% in the 4th quarter. Rhumbline Advisers now owns 94,199 shares of the real estate investment trust’s stock valued at $9,829,000 after buying an additional 3,400 shares during the period. Asset Management One Co. Ltd. boosted its stake in shares of Ryman Hospitality Properties by 1.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 87,048 shares of the real estate investment trust’s stock worth $9,236,000 after buying an additional 1,490 shares during the last quarter. Finally, Van ECK Associates Corp grew its holdings in Ryman Hospitality Properties by 10.2% during the fourth quarter. Van ECK Associates Corp now owns 11,109 shares of the real estate investment trust’s stock worth $1,159,000 after acquiring an additional 1,029 shares during the period. 94.48% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Ryman Hospitality Properties
In other Ryman Hospitality Properties news, Chairman Colin V. Reed bought 8,231 shares of the stock in a transaction on Wednesday, February 26th. The shares were bought at an average price of $97.54 per share, with a total value of $802,851.74. Following the purchase, the chairman now directly owns 832,260 shares in the company, valued at $81,178,640.40. This trade represents a 1.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Alvin L. Bowles, Jr. sold 473 shares of the company’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $97.03, for a total transaction 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. The trade was a 15.03 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.00% of the company’s stock.
Wall Street Analyst Weigh In
RHP has been the subject of a number of analyst reports. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $100.00 price target on shares of Ryman Hospitality Properties in a report on Friday, December 13th. StockNews.com upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Saturday. Truist Financial restated a “buy” rating and set a $133.00 price target (down previously from $136.00) on shares of Ryman Hospitality Properties in a research report on Tuesday, February 25th. Jefferies Financial Group started coverage on shares of Ryman Hospitality Properties in a report on Wednesday, November 6th. They issued a “buy” rating and a $130.00 price objective for the company. Finally, BMO Capital Markets initiated coverage on shares of Ryman Hospitality Properties in a research note on Monday, December 9th. They set an “outperform” rating and a $133.00 target price on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.67.
View Our Latest Stock Report on Ryman Hospitality Properties
Ryman Hospitality Properties Price Performance
Ryman Hospitality Properties stock opened at $98.89 on Monday. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.73 and a current ratio of 1.73. The company’s fifty day moving average price is $103.27 and its 200 day moving average price is $106.92. The stock has a market capitalization of $5.92 billion, a P/E ratio of 22.53, a P/E/G ratio of 2.71 and a beta of 1.67. Ryman Hospitality Properties, Inc. has a 1 year low of $93.76 and a 1 year high of $121.77.
Ryman Hospitality Properties (NYSE:RHP – Get Free Report) last announced its earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.94. The business had revenue of $647.63 million for 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%. As a group, equities research analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.
Ryman Hospitality Properties Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $1.15 per share. The ex-dividend date is Monday, March 31st. This represents a $4.60 annualized dividend and a yield of 4.65%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is currently 104.78%.
Ryman Hospitality Properties Company Profile
(Free Report)
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.
See Also
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