M&T Bank Corp Acquires New Stake in Ryman Hospitality Properties, Inc. $RHP

M&T Bank Corp acquired a new stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) during the 4th quarter, Holdings Channel.com reports. The firm acquired 13,057 shares of the real estate investment trust’s stock, valued at approximately $1,235,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Invesco Ltd. increased its holdings in Ryman Hospitality Properties by 184.9% during the 3rd quarter. Invesco Ltd. now owns 739,608 shares of the real estate investment trust’s stock worth $66,261,000 after purchasing an additional 479,990 shares during the period. Balyasny Asset Management L.P. purchased a new stake in Ryman Hospitality Properties during the 3rd quarter worth about $30,975,000. Qube Research & Technologies Ltd purchased a new stake in Ryman Hospitality Properties during the 3rd quarter worth about $18,161,000. UBS Group AG increased its holdings in Ryman Hospitality Properties by 116.3% during the 3rd quarter. UBS Group AG now owns 371,163 shares of the real estate investment trust’s stock worth $33,252,000 after purchasing an additional 199,556 shares during the period. Finally, Cooke & Bieler LP increased its holdings in Ryman Hospitality Properties by 21.4% during the 3rd quarter. Cooke & Bieler LP now owns 1,108,938 shares of the real estate investment trust’s stock worth $99,350,000 after purchasing an additional 195,330 shares during the period. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Truist Financial upped their price target on Ryman Hospitality Properties from $121.00 to $129.00 and gave the stock a “buy” rating in a report on Thursday, March 26th. Wells Fargo & Company upped their price target on Ryman Hospitality Properties from $105.00 to $114.00 and gave the stock an “overweight” rating in a report on Wednesday, April 22nd. Cantor Fitzgerald upped their price target on Ryman Hospitality Properties from $108.00 to $115.00 and gave the stock an “overweight” rating in a report on Tuesday, March 3rd. Barclays upped their price target on Ryman Hospitality Properties from $109.00 to $110.00 and gave the stock an “overweight” rating in a report on Tuesday, April 7th. Finally, Morgan Stanley upgraded Ryman Hospitality Properties from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $88.00 to $105.00 in a report on Friday, April 10th. Eleven equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $115.00.

Ryman Hospitality Properties Trading Down 0.1%

NYSE:RHP opened at $103.70 on Thursday. The stock has a 50-day simple moving average of $97.29 and a 200-day simple moving average of $95.28. The stock has a market cap of $6.54 billion, a P/E ratio of 27.58, a P/E/G ratio of 1.93 and a beta of 1.19. Ryman Hospitality Properties, Inc. has a 1 year low of $83.82 and a 1 year high of $105.75. The company has a debt-to-equity ratio of 5.04, a quick ratio of 1.46 and a current ratio of 1.46.

Ryman Hospitality Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend was Tuesday, March 31st. Ryman Hospitality Properties’s dividend payout ratio is currently 127.66%.

Ryman Hospitality Properties Company Profile

Ryman Hospitality Properties, Inc is a publicly traded real estate investment trust (REIT) specializing in the ownership and operation of group?oriented, large convention center hotel resorts. The company’s portfolio is anchored by its Gaylord Hotels brand, offering integrated resort, convention, entertainment and dining experiences under long?term management agreements with Marriott International.

Ryman’s flagship properties include Gaylord Opryland Resort & Convention Center in Nashville, Gaylord Texan Resort & Convention Center near Dallas/Fort Worth and Gaylord Palms Resort & Convention Center in Orlando, Florida.