Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 24.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 559,143 shares of the real estate investment trust’s stock after acquiring an additional 108,263 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.93% of Ryman Hospitality Properties worth $58,341,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Creative Planning boosted its position in shares of Ryman Hospitality Properties by 6.4% in the 3rd quarter. Creative Planning now owns 5,350 shares of the real estate investment trust’s stock valued at $574,000 after purchasing an additional 323 shares during the period. Raymond James & Associates boosted its position in shares of Ryman Hospitality Properties by 34.3% in the 3rd quarter. Raymond James & Associates now owns 25,679 shares of the real estate investment trust’s stock valued at $2,754,000 after purchasing an additional 6,563 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of Ryman Hospitality Properties by 16.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 5,496 shares of the real estate investment trust’s stock valued at $589,000 after purchasing an additional 795 shares during the period. abrdn plc boosted its position in shares of Ryman Hospitality Properties by 8.7% in the 3rd quarter. abrdn plc now owns 12,111 shares of the real estate investment trust’s stock valued at $1,299,000 after purchasing an additional 971 shares during the period. Finally, Farther Finance Advisors LLC boosted its position in shares of Ryman Hospitality Properties by 79.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 491 shares of the real estate investment trust’s stock valued at $53,000 after purchasing an additional 218 shares during the period. 94.48% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

RHP has been the subject of a number of research analyst reports. StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Saturday. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $100.00 target price on shares of Ryman Hospitality Properties in a research report on Friday, December 13th. Truist Financial reaffirmed a “buy” rating and set a $133.00 price objective (down from $136.00) on shares of Ryman Hospitality Properties in a research note on Tuesday, February 25th. Jefferies Financial Group started coverage on Ryman Hospitality Properties in a research note on Wednesday, November 6th. They set a “buy” rating and a $130.00 price objective for the company. Finally, Wells Fargo & Company reduced their price objective on Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating for the company in a research note on Tuesday, February 18th. One investment 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $125.67.

Ryman Hospitality Properties Stock Performance

Shares of RHP stock opened at $95.90 on Wednesday. The company has a market cap of $5.74 billion, a price-to-earnings ratio of 21.84, a price-to-earnings-growth ratio of 2.71 and a beta of 1.67. The stock has a 50 day simple moving average of $102.91 and a 200-day simple moving average of $106.91. Ryman Hospitality Properties, Inc. has a 12-month low of $93.76 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 issued its earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.94. The business had revenue of $647.63 million during the quarter, compared to the consensus estimate of $656.01 million. Ryman Hospitality Properties had a return on equity of 49.23% and a net margin of 11.61%. On average, equities analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.

Ryman Hospitality Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.80%. The ex-dividend date of this dividend is Monday, March 31st. Ryman Hospitality Properties’s dividend payout ratio (DPR) is 104.78%.

Insider Transactions at Ryman Hospitality Properties

In other news, Chairman Colin V. Reed purchased 8,231 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were acquired at an average price of $97.54 per share, for a total transaction of $802,851.74. Following the acquisition, 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 position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alvin L. Bowles, Jr. sold 473 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was 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 owns 2,675 shares in the company, valued at approximately $259,555.25. This represents a 15.03 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.00% of the company’s stock.

Ryman Hospitality Properties Company 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.