Bank of Montreal Can Raises Stock Holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Bank of Montreal Can raised its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 119.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,846 shares of the real estate investment trust’s stock after purchasing an additional 27,672 shares during the period. Bank of Montreal Can owned 0.08% of Ryman Hospitality Properties worth $5,305,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Cerity Partners LLC grew its position in shares of Ryman Hospitality Properties by 2.8% in the 4th quarter. Cerity Partners LLC now owns 8,140 shares of the real estate investment trust’s stock worth $851,000 after buying an additional 221 shares during the last quarter. Aristides Capital LLC boosted its stake in Ryman Hospitality Properties by 12.0% in the fourth quarter. Aristides Capital LLC now owns 3,920 shares of the real estate investment trust’s stock valued at $409,000 after acquiring an additional 420 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new position in Ryman Hospitality Properties in the fourth quarter worth $204,000. Envestnet Asset Management Inc. grew its holdings in Ryman Hospitality Properties by 22.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 65,586 shares of the real estate investment trust’s stock worth $6,843,000 after purchasing an additional 12,006 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. acquired a new position in shares of Ryman Hospitality Properties during the fourth quarter worth $2,530,000. 94.48% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

RHP has been the topic of several research analyst reports. Wells Fargo & Company dropped their target price on Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. Truist Financial dropped their price target on Ryman Hospitality Properties from $133.00 to $127.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. Jefferies Financial Group decreased their price objective on shares of Ryman Hospitality Properties from $118.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. 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 research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $119.67.

Insider Activity

In other news, Chairman Colin V. Reed bought 8,231 shares of the business’s stock in a transaction dated 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 acquisition, 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 ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Alvin L. Bowles, Jr. sold 473 shares of the 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 in the company, valued at $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. Insiders own 3.00% of the company’s stock.

Ryman Hospitality Properties Price Performance

Shares of NYSE RHP opened at $85.30 on Tuesday. Ryman Hospitality Properties, Inc. has a 52 week low of $76.27 and a 52 week high of $121.77. The business’s 50 day moving average price is $95.17 and its 200 day moving average price is $104.28. 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 firm has a market cap of $5.12 billion, a P/E ratio of 19.43, a P/E/G ratio of 2.71 and a beta of 1.38.

Ryman Hospitality Properties (NYSE:RHP) last released its quarterly earnings data 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 net margin of 11.61% and a return on equity of 49.23%. The business had revenue of $647.63 million for the quarter, compared to the consensus estimate of $656.01 million. On average, sell-side analysts expect that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current year.

Ryman Hospitality Properties Dividend Announcement

The business 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 of this dividend is Monday, March 31st. This represents a $4.60 dividend on an annualized basis and a dividend yield of 5.39%. Ryman Hospitality Properties’s payout ratio is currently 104.78%.

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.