5,488 Shares in Ryman Hospitality Properties, Inc. (NYSE:RHP) Acquired by Cibc World Markets Corp

Cibc World Markets Corp bought a new position in Ryman Hospitality Properties, Inc. (NYSE:RHP) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 5,488 shares of the real estate investment trust’s stock, valued at approximately $573,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Victory Capital Management Inc. raised its holdings in shares of Ryman Hospitality Properties by 87.3% in the 4th quarter. Victory Capital Management Inc. now owns 547,639 shares of the real estate investment trust’s stock worth $57,141,000 after purchasing an additional 255,229 shares in the last quarter. Citigroup Inc. raised its holdings in shares of Ryman Hospitality Properties by 72.9% in the 3rd quarter. Citigroup Inc. now owns 54,239 shares of the real estate investment trust’s stock worth $5,817,000 after purchasing an additional 22,871 shares in the last quarter. Paradigm Asset Management Co. LLC bought a new stake in shares of Ryman Hospitality Properties in the 4th quarter worth approximately $741,000. Van ECK Associates Corp raised its holdings in shares of Ryman Hospitality Properties by 10.2% during the fourth quarter. Van ECK Associates Corp now owns 11,109 shares of the real estate investment trust’s stock valued at $1,159,000 after acquiring an additional 1,029 shares during the period. Finally, Quantinno Capital Management LP acquired a new stake in shares of Ryman Hospitality Properties during the third quarter valued at approximately $488,000. 94.48% of the stock is currently owned by institutional investors.

Ryman Hospitality Properties Stock Performance

RHP stock opened at $94.59 on Friday. 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 company has a market capitalization of $5.67 billion, a price-to-earnings ratio of 21.55, a P/E/G ratio of 2.71 and a beta of 1.65. Ryman Hospitality Properties, Inc. has a 12 month low of $92.04 and a 12 month high of $121.77. The firm has a 50 day moving average of $100.86 and a two-hundred day moving average of $106.31.

Ryman Hospitality Properties (NYSE:RHP) last posted its earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 EPS for the quarter, topping the consensus estimate of $1.21 by $0.94. The company had revenue of $647.63 million during the quarter, compared to the consensus estimate of $656.01 million. Ryman Hospitality Properties had a net margin of 11.61% and a return on equity of 49.23%. As a group, equities analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 4.86%. The ex-dividend date is Monday, March 31st. Ryman Hospitality Properties’s dividend payout ratio is currently 104.78%.

Insider Buying and Selling

In other news, Chairman Colin V. Reed acquired 8,231 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The stock was acquired at an average cost of $97.54 per share, with a total value of $802,851.74. Following the acquisition, the chairman now owns 832,260 shares in the company, valued at approximately $81,178,640.40. This represents a 1.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alvin L. Bowles, Jr. sold 473 shares of the company’s 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 of the company’s stock, valued at approximately $259,555.25. This represents a 15.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.00% of the stock is owned by insiders.

Analyst Ratings Changes

RHP has been the topic of a number of recent analyst reports. Wells Fargo & Company cut their price target on shares of Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. StockNews.com upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Saturday, March 1st. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $100.00 price objective on shares of Ryman Hospitality Properties in a research note on Friday, December 13th. Truist Financial dropped their price objective on shares of Ryman Hospitality Properties from $133.00 to $127.00 and set a “buy” rating on the stock in a research note on Friday. Finally, BMO Capital Markets started coverage on shares of Ryman Hospitality Properties in a research note on Monday, December 9th. They issued an “outperform” rating and a $133.00 price objective on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $124.67.

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.