Mackenzie Financial Corp Decreases Stock Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Mackenzie Financial Corp decreased its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 55.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,352 shares of the real estate investment trust’s stock after selling 5,385 shares during the period. Mackenzie Financial Corp’s holdings in Ryman Hospitality Properties were worth $435,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in RHP. Parallel Advisors LLC lifted its stake in shares of Ryman Hospitality Properties by 6,550.0% in the fourth quarter. Parallel Advisors LLC now owns 266 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 262 shares in the last quarter. Fifth Third Bancorp raised its position in shares of Ryman Hospitality Properties by 347.6% in the 2nd quarter. Fifth Third Bancorp now owns 282 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 219 shares in the last quarter. Larson Financial Group LLC purchased a new position in shares of Ryman Hospitality Properties during the 1st quarter valued at approximately $35,000. SYSTM Wealth Solutions LLC acquired a new stake in shares of Ryman Hospitality Properties during the second quarter worth approximately $32,000. Finally, Quest Partners LLC grew its position in shares of Ryman Hospitality Properties by 8,450.0% during the second quarter. Quest Partners LLC now owns 342 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 338 shares in the last quarter. Institutional investors and hedge funds own 94.48% of the company’s stock.

Insider Buying and Selling at Ryman Hospitality Properties

In related news, Chairman Colin V. Reed purchased 8,077 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The shares were acquired at an average price of $97.78 per share, with a total value of $789,769.06. Following the acquisition, the chairman now owns 827,220 shares in the company, valued at approximately $80,885,571.60. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Ryman Hospitality Properties news, Director Alvin L. Bowles, Jr. sold 900 shares of the business’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $107.32, for a total transaction of $96,588.00. Following the completion of the transaction, the director now directly owns 3,148 shares of the company’s stock, valued at $337,843.36. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Colin V. Reed bought 8,077 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was purchased at an average price of $97.78 per share, with a total value of $789,769.06. Following the transaction, the chairman now owns 827,220 shares in the company, valued at $80,885,571.60. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. 3.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

RHP has been the topic of several recent analyst reports. JPMorgan Chase & Co. upped their price target on shares of Ryman Hospitality Properties from $104.00 to $105.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. StockNews.com raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Friday, August 9th. Finally, Wells Fargo & Company lowered their price objective on Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating for the company in a report on Friday, September 13th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $124.20.

Ryman Hospitality Properties Trading Up 4.2 %

Ryman Hospitality Properties stock opened at $112.56 on Friday. Ryman Hospitality Properties, Inc. has a 1 year low of $81.90 and a 1 year high of $122.91. The firm’s 50-day moving average is $103.03 and its 200-day moving average is $104.46. The company has a debt-to-equity ratio of 5.96, a quick ratio of 1.92 and a current ratio of 1.92. The company has a market cap of $6.74 billion, a P/E ratio of 23.30, a PEG ratio of 2.34 and a beta of 1.66.

Ryman Hospitality Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a $1.10 dividend. The ex-dividend date is Monday, September 30th. This represents a $4.40 dividend on an annualized basis and a yield of 3.91%. Ryman Hospitality Properties’s dividend payout ratio is currently 91.10%.

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.