Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 2.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,444 shares of the real estate investment trust’s stock after purchasing an additional 510 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Ryman Hospitality Properties were worth $2,580,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of Ryman Hospitality Properties by 2.7% in the 3rd quarter. Vanguard Group Inc. now owns 8,307,026 shares of the real estate investment trust’s stock valued at $691,809,000 after purchasing an additional 216,137 shares in the last quarter. FMR LLC raised its stake in Ryman Hospitality Properties by 2.9% during the third quarter. FMR LLC now owns 4,097,388 shares of the real estate investment trust’s stock valued at $341,230,000 after buying an additional 114,451 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Ryman Hospitality Properties by 5.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,713,128 shares of the real estate investment trust’s stock worth $142,669,000 after buying an additional 93,082 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Ryman Hospitality Properties by 6.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,021,858 shares of the real estate investment trust’s stock worth $85,100,000 after acquiring an additional 62,322 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. increased its holdings in shares of Ryman Hospitality Properties by 1.9% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 751,628 shares of the real estate investment trust’s stock valued at $62,596,000 after acquiring an additional 14,083 shares during the last quarter. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Ryman Hospitality Properties Trading Up 1.7 %

Ryman Hospitality Properties stock opened at $108.33 on Wednesday. Ryman Hospitality Properties, Inc. has a 52-week low of $79.86 and a 52-week high of $122.91. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 5.90. The firm has a market capitalization of $6.49 billion, a price-to-earnings ratio of 20.91, a PEG ratio of 0.73 and a beta of 1.57. The firm has a 50-day moving average price of $115.11 and a two-hundred day moving average price of $106.63.

Ryman Hospitality Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were given a dividend of $1.10 per share. The ex-dividend date was Wednesday, March 27th. This represents a $4.40 annualized dividend and a dividend yield of 4.06%. Ryman Hospitality Properties’s dividend payout ratio is presently 84.94%.

Insider Buying and Selling

In other Ryman Hospitality Properties news, COO Patrick S. Chaffin sold 16,189 shares of Ryman Hospitality Properties stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $119.74, for a total transaction of $1,938,470.86. Following the sale, 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.00% of the company’s stock.

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.