Daiwa Securities Group Inc. Grows Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Daiwa Securities Group Inc. raised its position in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 4.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,830 shares of the real estate investment trust’s stock after purchasing an additional 924 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Ryman Hospitality Properties were worth $2,174,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Quarry LP acquired a new stake in shares of Ryman Hospitality Properties in the third quarter valued at about $28,000. Heck Capital Advisors LLC acquired a new stake in shares of Ryman Hospitality Properties in the fourth quarter valued at about $31,000. Avior Wealth Management LLC grew its stake in shares of Ryman Hospitality Properties by 44.9% in the third quarter. Avior Wealth Management LLC now owns 442 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 137 shares in the last quarter. Venturi Wealth Management LLC acquired a new stake in shares of Ryman Hospitality Properties in the fourth quarter valued at about $83,000. Finally, Blue Trust Inc. grew 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 valued at $91,000 after buying an additional 160 shares in the last quarter. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Ryman Hospitality Properties Trading Up 3.4 %

NYSE:RHP opened at $96.67 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 business’s 50 day moving average is $101.60 and its two-hundred day moving average is $106.54. Ryman Hospitality Properties, Inc. has a 52 week low of $93.17 and a 52 week high of $121.77. The company has a market cap of $5.79 billion, a PE ratio of 22.02, a P/E/G ratio of 2.71 and a beta of 1.65.

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

Ryman Hospitality Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 4.76%. The ex-dividend date is Monday, March 31st. Ryman Hospitality Properties’s dividend payout ratio is presently 104.78%.

Insiders Place Their Bets

In related news, Director Alvin L. Bowles, Jr. sold 473 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $97.03, for a total value of $45,895.19. Following the sale, the director now owns 2,675 shares of the company’s stock, valued at $259,555.25. This trade 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 the SEC website. Also, Chairman Colin V. Reed acquired 8,231 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was purchased at an average cost of $97.54 per share, for a total transaction 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 trade represents a 1.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on RHP. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $100.00 target price on shares of Ryman Hospitality Properties in a research note on Friday, December 13th. BMO Capital Markets initiated coverage on Ryman Hospitality Properties in a research note on Monday, December 9th. They set an “outperform” rating and a $133.00 price objective for the company. StockNews.com upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Saturday, March 1st. Wells Fargo & Company lowered their price objective 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. Finally, Truist Financial restated a “buy” rating and set a $133.00 price objective (down previously from $136.00) on shares of Ryman Hospitality Properties in a research note on Tuesday, February 25th. One equities 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, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $125.67.

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.