Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. raised its position in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 9.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 29,638 shares of the real estate investment trust’s stock after buying an additional 2,652 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Ryman Hospitality Properties were worth $3,262,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of RHP. Heitman Real Estate Securities LLC acquired a new stake in Ryman Hospitality Properties in the 2nd quarter worth about $44,566,000. BlackRock Inc. boosted its holdings in shares of Ryman Hospitality Properties by 8.5% during the 1st quarter. BlackRock Inc. now owns 5,908,332 shares of the real estate investment trust’s stock worth $530,155,000 after purchasing an additional 464,016 shares during the last quarter. Norges Bank acquired a new position in shares of Ryman Hospitality Properties during the 4th quarter worth approximately $32,747,000. Millennium Management LLC boosted its holdings in shares of Ryman Hospitality Properties by 105.1% during the 4th quarter. Millennium Management LLC now owns 749,853 shares of the real estate investment trust’s stock worth $61,323,000 after purchasing an additional 384,336 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of Ryman Hospitality Properties by 14.6% during the 1st quarter. State Street Corp now owns 2,640,373 shares of the real estate investment trust’s stock worth $244,947,000 after purchasing an additional 336,493 shares during the last quarter. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Ryman Hospitality Properties Stock Down 2.2 %

Ryman Hospitality Properties stock opened at $106.40 on Thursday. Ryman Hospitality Properties, Inc. has a twelve month low of $79.86 and a twelve month high of $122.91. The stock’s fifty day simple moving average is $115.90 and its 200-day simple moving average is $105.83. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 5.90. The firm has a market capitalization of $6.37 billion, a P/E ratio of 20.54, a P/E/G ratio of 0.77 and a beta of 1.57.

Ryman Hospitality Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date was Wednesday, March 27th. Ryman Hospitality Properties’s dividend payout ratio is currently 84.94%.

Analyst Ratings Changes

Several research analysts have recently weighed in on RHP shares. Truist Financial boosted their target price on Ryman Hospitality Properties from $134.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. Wells Fargo & Company boosted their target price on Ryman Hospitality Properties from $125.00 to $133.00 and gave the stock an “overweight” rating in a report on Thursday, March 21st. Raymond James boosted their target price on Ryman Hospitality Properties from $115.00 to $135.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Finally, StockNews.com upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Friday, February 23rd. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $118.00.

Insider Transactions at Ryman Hospitality Properties

In other news, COO Patrick S. Chaffin sold 16,189 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $119.74, for a total transaction of $1,938,470.86. Following the sale, the chief operating officer now owns 17,618 shares of the company’s stock, valued at $2,109,579.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.00% of the company’s stock.

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.