Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Acquired by Swiss National Bank

Swiss National Bank lifted its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 0.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 111,900 shares of the real estate investment trust’s stock after buying an additional 800 shares during the period. Swiss National Bank owned approximately 0.19% of Ryman Hospitality Properties worth $11,676,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Victory Capital Management Inc. increased its holdings 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 worth $57,141,000 after buying an additional 255,229 shares during the last quarter. Citigroup Inc. increased its holdings in shares of Ryman Hospitality Properties by 72.9% during the 3rd quarter. Citigroup Inc. now owns 54,239 shares of the real estate investment trust’s stock worth $5,817,000 after buying an additional 22,871 shares during the last quarter. Paradigm Asset Management Co. LLC acquired a new stake in shares of Ryman Hospitality Properties during the 4th quarter worth approximately $741,000. Van ECK Associates Corp increased its holdings in shares of Ryman Hospitality Properties by 10.2% during 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 last quarter. Finally, Quantinno Capital Management LP acquired a new stake in shares of Ryman Hospitality Properties during the 3rd quarter worth approximately $488,000. Institutional investors and hedge funds own 94.48% of the company’s stock.

Insider Activity at Ryman Hospitality Properties

In related news, Chairman Colin V. Reed purchased 8,231 shares of Ryman Hospitality Properties stock in a transaction that occurred on Wednesday, February 26th. The stock was purchased at an average cost of $97.54 per share, with a total value of $802,851.74. Following the completion of the transaction, the chairman now directly owns 832,260 shares in the company, valued at approximately $81,178,640.40. The trade was a 1.00 % increase in their ownership of the stock. The acquisition 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 business’s stock in a transaction on 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 sale, the director now directly owns 2,675 shares of the company’s stock, valued at approximately $259,555.25. This trade represents a 15.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.00% of the stock is owned by corporate insiders.

Ryman Hospitality Properties Price Performance

Ryman Hospitality Properties stock opened at $95.66 on Friday. The stock has a market cap of $5.73 billion, a P/E ratio of 21.79, a price-to-earnings-growth ratio of 2.71 and a beta of 1.65. The company has a fifty day simple moving average of $101.01 and a 200-day simple moving average of $106.34. Ryman Hospitality Properties, Inc. has a 12-month low of $93.17 and a 12-month high of $121.77. 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) last released its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $647.63 million during the quarter, compared to analysts’ expectations of $656.01 million. Equities analysts expect that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $1.15 dividend. The ex-dividend date is Monday, March 31st. This represents a $4.60 dividend on an annualized basis and a yield of 4.81%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 104.78%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on RHP shares. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $100.00 price objective on shares of Ryman Hospitality Properties in a research report on Friday, December 13th. Wells Fargo & Company lowered their price objective on shares of Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating for the company in a research report on Tuesday, February 18th. Truist Financial reaffirmed a “buy” rating and set a $133.00 price objective (down previously from $136.00) on shares of Ryman Hospitality Properties in a research report on Tuesday, February 25th. BMO Capital Markets started 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 objective for the company. Finally, StockNews.com raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Saturday, March 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $125.67.

About Ryman Hospitality Properties

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.