Paradigm Asset Management Co. LLC Makes New Investment in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Paradigm Asset Management Co. LLC purchased a new stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,100 shares of the real estate investment trust’s stock, valued at approximately $741,000.

A number of other hedge funds also recently made changes to their positions in the stock. New York State Common Retirement Fund boosted its holdings in Ryman Hospitality Properties by 5.5% in the fourth quarter. New York State Common Retirement Fund now owns 112,757 shares of the real estate investment trust’s stock valued at $11,765,000 after acquiring an additional 5,923 shares during the last quarter. Venturi Wealth Management LLC acquired a new position in shares of Ryman Hospitality Properties in the 4th quarter worth approximately $83,000. Principal Financial Group Inc. boosted its stake in shares of Ryman Hospitality Properties by 3.2% in the 4th quarter. Principal Financial Group Inc. now owns 3,254,693 shares of the real estate investment trust’s stock valued at $339,596,000 after purchasing an additional 101,333 shares during the last quarter. State of New Jersey Common Pension Fund D increased its position in shares of Ryman Hospitality Properties by 7.8% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 64,274 shares of the real estate investment trust’s stock worth $6,706,000 after buying an additional 4,637 shares during the period. Finally, Rhumbline Advisers raised its stake in Ryman Hospitality Properties by 3.7% during the fourth quarter. Rhumbline Advisers now owns 94,199 shares of the real estate investment trust’s stock worth $9,829,000 after buying an additional 3,400 shares during the last quarter. 94.48% of the stock is currently owned by institutional investors.

Ryman Hospitality Properties Stock Performance

Shares of Ryman Hospitality Properties stock opened at $98.48 on Friday. The business has a 50-day simple moving average of $104.26 and a 200 day simple moving average of $106.89. Ryman Hospitality Properties, Inc. has a one year low of $93.76 and a one year high of $122.91. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.73. The firm has a market capitalization of $5.90 billion, a price-to-earnings ratio of 17.49, a PEG ratio of 2.70 and a beta of 1.67.

Ryman Hospitality Properties (NYSE:RHP) last released its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $2.15 EPS for the quarter, beating the consensus estimate of $1.21 by $0.94. Ryman Hospitality Properties had a return on equity of 61.94% and a net margin of 14.84%. The firm had revenue of $647.63 million during the quarter, compared to the consensus estimate of $656.01 million. On average, research analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.48 earnings per share for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.67%. The ex-dividend date of this dividend is Monday, March 31st. Ryman Hospitality Properties’s dividend payout ratio (DPR) is 81.71%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. BMO Capital Markets initiated coverage on shares of Ryman Hospitality Properties in a research report on Monday, December 9th. They set an “outperform” rating and a $133.00 price target on the stock. StockNews.com downgraded Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research note on Friday. Truist Financial raised their target price on Ryman Hospitality Properties from $130.00 to $136.00 and gave the stock a “buy” rating in a research note on Monday, November 18th. Jefferies Financial Group began coverage on Ryman Hospitality Properties in a research note on Wednesday, November 6th. They issued a “buy” rating and a $130.00 price target on the stock. Finally, JPMorgan Chase & Co. restated an “underweight” rating and set a $100.00 price target on shares of Ryman Hospitality Properties in a report on Friday, December 13th. Two investment analysts have rated the stock with a sell rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Ryman Hospitality Properties has an average rating of “Hold” and a consensus target price of $126.17.

About Ryman Hospitality Properties

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.