Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Acquired by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 4.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,748 shares of the real estate investment trust’s stock after purchasing an additional 4,160 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.16% of Ryman Hospitality Properties worth $10,318,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cerity Partners LLC acquired a new position in Ryman Hospitality Properties in the fourth quarter worth about $771,000. Custom Index Systems LLC acquired a new position in Ryman Hospitality Properties in the fourth quarter valued at approximately $283,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in Ryman Hospitality Properties by 9.8% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 29,638 shares of the real estate investment trust’s stock valued at $3,262,000 after acquiring an additional 2,652 shares during the period. DekaBank Deutsche Girozentrale grew its holdings in shares of Ryman Hospitality Properties by 29.3% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 39,448 shares of the real estate investment trust’s stock valued at $4,336,000 after purchasing an additional 8,945 shares during the last quarter. Finally, TIAA Trust National Association acquired a new position in Ryman Hospitality Properties during the 4th quarter valued at approximately $220,000. 94.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on RHP shares. Wells Fargo & Company raised their target price on Ryman Hospitality Properties from $125.00 to $133.00 and gave the company an “overweight” rating in a research note on Thursday, March 21st. Raymond James raised their price target on shares of Ryman Hospitality Properties from $115.00 to $135.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Truist Financial boosted their price objective on Ryman Hospitality Properties from $134.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Finally, StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Friday, February 23rd. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $118.00.

Ryman Hospitality Properties Stock Performance

Shares of NYSE RHP opened at $106.51 on Tuesday. Ryman Hospitality Properties, Inc. has a 1 year low of $79.86 and a 1 year high of $122.91. The company has a debt-to-equity ratio of 5.90, a quick ratio of 1.97 and a current ratio of 1.97. The stock has a fifty day moving average price of $115.17 and a two-hundred day moving average price of $106.46. The firm has a market cap of $6.38 billion, a P/E ratio of 20.56, a PEG ratio of 0.73 and a beta of 1.57.

Ryman Hospitality Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 4.13%. The ex-dividend date of this dividend was Wednesday, March 27th. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 84.94%.

Insider Buying and Selling at Ryman Hospitality Properties

In other news, COO Patrick S. Chaffin sold 16,189 shares of Ryman Hospitality Properties stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $119.74, for a total value of $1,938,470.86. Following the transaction, the chief operating officer now owns 17,618 shares of the company’s stock, valued at approximately $2,109,579.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.00% of the stock is owned by corporate insiders.

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.