Sumitomo Mitsui DS Asset Management Company Ltd Raises Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 8.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 11,414 shares of the real estate investment trust’s stock after purchasing an additional 885 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Ryman Hospitality Properties were worth $1,224,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in Ryman Hospitality Properties by 34.6% during the third quarter. GAMMA Investing LLC now owns 401 shares of the real estate investment trust’s stock worth $43,000 after buying an additional 103 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Ryman Hospitality Properties by 4.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,383 shares of the real estate investment trust’s stock valued at $372,000 after buying an additional 137 shares during the last quarter. DekaBank Deutsche Girozentrale raised its position in shares of Ryman Hospitality Properties by 0.4% in the second quarter. DekaBank Deutsche Girozentrale now owns 39,256 shares of the real estate investment trust’s stock valued at $3,829,000 after buying an additional 138 shares during the last quarter. Xponance Inc. raised its position in shares of Ryman Hospitality Properties by 4.6% in the second quarter. Xponance Inc. now owns 3,714 shares of the real estate investment trust’s stock valued at $371,000 after buying an additional 162 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its position in shares of Ryman Hospitality Properties by 0.6% in the first quarter. State of Alaska Department of Revenue now owns 27,611 shares of the real estate investment trust’s stock valued at $3,191,000 after buying an additional 174 shares during the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Insider Activity at Ryman Hospitality Properties

In other news, Chairman Colin V. Reed acquired 8,077 shares of the company’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 directly owns 827,220 shares in the company, valued at approximately $80,885,571.60. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Ryman Hospitality Properties news, Chairman Colin V. Reed acquired 8,077 shares of Ryman Hospitality Properties stock in a transaction dated Tuesday, August 6th. The stock was bought at an average price of $97.78 per share, for a total transaction of $789,769.06. Following the transaction, 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 acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Alvin L. Bowles, Jr. sold 900 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was 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 owns 3,148 shares of the company’s stock, valued at approximately $337,843.36. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

Ryman Hospitality Properties Price Performance

Shares of RHP stock opened at $107.29 on Wednesday. The company has a market capitalization of $6.43 billion, a PE ratio of 22.21, a price-to-earnings-growth ratio of 2.36 and a beta of 1.66. The firm has a fifty day simple moving average of $105.64 and a 200-day simple moving average of $103.95. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 5.96. Ryman Hospitality Properties, Inc. has a twelve month low of $81.90 and a twelve month high of $122.91.

Ryman Hospitality Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $1.10 dividend. The ex-dividend date was Monday, September 30th. This represents a $4.40 annualized dividend and a yield of 4.10%. Ryman Hospitality Properties’s dividend payout ratio is presently 91.10%.

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.