Lazard Asset Management LLC Buys 1,375 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Lazard Asset Management LLC lifted its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 7.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 19,756 shares of the real estate investment trust’s stock after acquiring an additional 1,375 shares during the period. Lazard Asset Management LLC’s holdings in Ryman Hospitality Properties were worth $2,060,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Janus Henderson Group PLC lifted its holdings in shares of Ryman Hospitality Properties by 946.6% during the 4th quarter. Janus Henderson Group PLC now owns 502,983 shares of the real estate investment trust’s stock worth $52,455,000 after acquiring an additional 454,922 shares during the last quarter. Deutsche Bank AG lifted its holdings in shares of Ryman Hospitality Properties by 4.0% during the 4th quarter. Deutsche Bank AG now owns 852,624 shares of the real estate investment trust’s stock worth $88,963,000 after acquiring an additional 32,518 shares during the last quarter. DigitalBridge Group Inc. bought a new stake in shares of Ryman Hospitality Properties during the 4th quarter worth $12,218,000. Cetera Investment Advisers lifted its holdings in shares of Ryman Hospitality Properties by 2.9% during the 4th quarter. Cetera Investment Advisers now owns 4,469 shares of the real estate investment trust’s stock worth $466,000 after acquiring an additional 125 shares during the last quarter. Finally, Centiva Capital LP lifted its holdings in shares of Ryman Hospitality Properties by 84.1% during the 4th quarter. Centiva Capital LP now owns 3,792 shares of the real estate investment trust’s stock worth $396,000 after acquiring an additional 1,732 shares during the last quarter. 94.48% of the stock is owned by institutional investors.

Ryman Hospitality Properties Stock Performance

Shares of NYSE:RHP opened at $99.10 on Friday. The company has a market cap of $5.95 billion, a price-to-earnings ratio of 22.57, a price-to-earnings-growth ratio of 2.71 and a beta of 1.55. The company has a 50-day moving average price of $90.84 and a 200-day moving average price of $101.27. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 6.07. Ryman Hospitality Properties, Inc. has a 12 month low of $76.27 and a 12 month high of $121.77.

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

Ryman Hospitality Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 4.64%. The ex-dividend date is Monday, June 30th. Ryman Hospitality Properties’s dividend payout ratio (DPR) is 97.46%.

Analysts Set New Price Targets

Several research firms have weighed in on RHP. Wells Fargo & Company lowered their price target on shares of 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. Wedbush set a $110.00 price target on shares of Ryman Hospitality Properties and gave the stock an “outperform” rating in a research note on Tuesday, May 6th. StockNews.com raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Saturday, March 1st. Truist Financial lowered their price target 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. Finally, Evercore ISI lowered their price target on shares of Ryman Hospitality Properties from $130.00 to $120.00 and set an “outperform” rating for the company in a research note on Monday, April 28th. One 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, the stock currently has an average rating of “Moderate Buy” and an average target price of $116.00.

Insider Activity at Ryman Hospitality Properties

In related news, Director Alvin L. Bowles, Jr. sold 473 shares of the business’s stock in a transaction dated Wednesday, February 26th. The shares were 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 in the company, valued at $259,555.25. The trade was a 15.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Colin V. Reed purchased 8,231 shares of Ryman Hospitality Properties stock in a transaction that occurred on Wednesday, February 26th. The shares were bought at an average price of $97.54 per share, for a total transaction of $802,851.74. Following the transaction, the chairman now directly owns 832,260 shares of the company’s stock, 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 corporate insiders.

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.