Bank of Montreal Can Acquires 27,672 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Bank of Montreal Can boosted its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 119.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 50,846 shares of the real estate investment trust's stock after acquiring an additional 27,672 shares during the period. Bank of Montreal Can owned 0.08% of Ryman Hospitality Properties worth $5,305,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RHP. Heck Capital Advisors LLC bought a new stake in shares of Ryman Hospitality Properties in the fourth quarter valued at approximately $31,000. Harvest Fund Management Co. Ltd bought a new position in shares of Ryman Hospitality Properties in the fourth quarter worth $72,000. Venturi Wealth Management LLC bought a new stake in shares of Ryman Hospitality Properties during the 4th quarter valued at $83,000. Blue Trust Inc. lifted its holdings in Ryman Hospitality Properties by 23.4% during the 4th quarter. Blue Trust Inc. now owns 845 shares of the real estate investment trust's stock worth $91,000 after purchasing an additional 160 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new position in Ryman Hospitality Properties in the 4th quarter worth about $204,000. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Truist Financial lowered their price target on shares of Ryman Hospitality Properties from $133.00 to $127.00 and set a "buy" rating on the stock in a report on Friday, March 21st. StockNews.com upgraded Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research report on Saturday, March 1st. Jefferies Financial Group decreased their target price on Ryman Hospitality Properties from $118.00 to $100.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Finally, Wells Fargo & Company cut their target price on shares of Ryman Hospitality Properties from $130.00 to $122.00 and set an "overweight" rating on the stock in a report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $119.67.

Insider Buying and Selling

In other news, Chairman Colin V. Reed acquired 8,231 shares of Ryman Hospitality Properties stock in a transaction on Wednesday, February 26th. The stock was acquired at an average cost of $97.54 per share, for a total transaction of $802,851.74. Following the purchase, the chairman now owns 832,260 shares in the company, valued at $81,178,640.40. This trade represents a 1.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alvin L. Bowles, Jr. sold 473 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $97.03, for a total transaction of $45,895.19. Following the completion of the transaction, the director now owns 2,675 shares of the company's stock, valued at approximately $259,555.25. The trade was a 15.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by company insiders.

Ryman Hospitality Properties Trading Up 2.1 %

RHP stock traded up $1.76 during trading on Friday, reaching $85.69. The company had a trading volume of 602,201 shares, compared to its average volume of 605,719. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.73. Ryman Hospitality Properties, Inc. has a 52 week low of $76.27 and a 52 week high of $121.77. The business has a 50 day moving average of $93.66 and a 200 day moving average of $103.71. The company has a market cap of $5.14 billion, a P/E ratio of 19.52, a PEG ratio of 2.71 and a beta of 1.38.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last announced its earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.94. The firm had revenue of $647.63 million during the quarter, compared to analyst estimates of $656.01 million. Ryman Hospitality Properties had a return on equity of 49.23% and a net margin of 11.61%. As a group, sell-side analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 5.37%. The ex-dividend date of this dividend was Monday, March 31st. Ryman Hospitality Properties's dividend payout ratio (DPR) is presently 104.78%.

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.