Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Bought by Deutsche Bank AG

Deutsche Bank AG grew its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 4.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 852,624 shares of the real estate investment trust’s stock after purchasing an additional 32,518 shares during the period. Deutsche Bank AG owned about 1.42% of Ryman Hospitality Properties worth $88,963,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Cetera Investment Advisers raised its stake in Ryman Hospitality Properties by 2.9% in the 4th quarter. Cetera Investment Advisers now owns 4,469 shares of the real estate investment trust’s stock valued at $466,000 after purchasing an additional 125 shares during the last quarter. Arizona State Retirement System grew its holdings in shares of Ryman Hospitality Properties by 0.8% during the fourth quarter. Arizona State Retirement System now owns 16,515 shares of the real estate investment trust’s stock worth $1,723,000 after buying an additional 132 shares in the last quarter. Summit Global Investments grew its holdings in shares of Ryman Hospitality Properties by 2.1% during the fourth quarter. Summit Global Investments now owns 7,597 shares of the real estate investment trust’s stock worth $793,000 after buying an additional 153 shares in the last quarter. Beacon Investment Advisors LLC raised its position in shares of Ryman Hospitality Properties by 0.5% in the fourth quarter. Beacon Investment Advisors LLC now owns 30,466 shares of the real estate investment trust’s stock valued at $3,179,000 after buying an additional 155 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of Ryman Hospitality Properties by 23.4% in the fourth quarter. Blue Trust Inc. now owns 845 shares of the real estate investment trust’s stock worth $91,000 after buying an additional 160 shares in the last quarter. Institutional investors and hedge funds own 94.48% of the company’s stock.

Ryman Hospitality Properties Price Performance

NYSE:RHP opened at $97.21 on Monday. Ryman Hospitality Properties, Inc. has a 52 week low of $76.27 and a 52 week high of $121.77. 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 $5.83 billion, a P/E ratio of 22.14, a P/E/G ratio of 2.71 and a beta of 1.55. The stock’s fifty day moving average is $90.68 and its two-hundred day moving average is $101.55.

Ryman Hospitality Properties (NYSE:RHP) last issued its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $2.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.79 by $0.29. The firm had revenue of $587.28 million for the quarter, compared to analyst estimates of $546.52 million. Ryman Hospitality Properties had a net margin of 11.61% and a return on equity of 49.23%. Ryman Hospitality Properties’s revenue was up 11.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.60 EPS. Equities analysts expect that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.

Ryman Hospitality Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.73%. Ryman Hospitality Properties’s payout ratio is currently 97.46%.

Insider Activity at Ryman Hospitality Properties

In related news, Director Alvin L. Bowles, Jr. sold 473 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $97.03, for a total transaction of $45,895.19. Following the transaction, the director now owns 2,675 shares of the company’s stock, valued at approximately $259,555.25. This represents a 15.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Colin V. Reed bought 8,231 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were purchased at an average price of $97.54 per share, with a total value of $802,851.74. Following the completion of the acquisition, the chairman now directly owns 832,260 shares in the company, valued at $81,178,640.40. This trade represents a 1.00% increase in their ownership of the stock. The disclosure for this purchase can be found here. 5.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on RHP. Truist Financial dropped their price objective on shares of Ryman Hospitality Properties from $133.00 to $127.00 and set a “buy” rating for the company in a research note on Friday, March 21st. Jefferies Financial Group dropped their price target on Ryman Hospitality Properties from $118.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. StockNews.com upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Saturday, March 1st. Wedbush set a $110.00 price objective on Ryman Hospitality Properties and gave the stock an “outperform” rating in a research note on Tuesday, May 6th. Finally, Wells Fargo & Company cut their target price 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 equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Ryman Hospitality Properties currently has a consensus rating of “Moderate Buy” and a consensus target price of $116.00.

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.