Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Bought by Man Group plc

Man Group plc boosted its position in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 494.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,739 shares of the real estate investment trust's stock after acquiring an additional 23,073 shares during the quarter. Man Group plc's holdings in Ryman Hospitality Properties were worth $2,894,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC acquired a new stake in Ryman Hospitality Properties in the 4th quarter valued at $31,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Ryman Hospitality Properties during the 4th quarter valued at about $72,000. Venturi Wealth Management LLC acquired a new position in Ryman Hospitality Properties during the 4th quarter worth approximately $83,000. Covestor Ltd boosted its holdings in Ryman Hospitality Properties by 33.3% in the 4th quarter. Covestor Ltd now owns 829 shares of the real estate investment trust's stock worth $87,000 after acquiring an additional 207 shares during the period. Finally, Blue Trust Inc. grew its position in Ryman Hospitality Properties by 23.4% in the fourth quarter. Blue Trust Inc. now owns 845 shares of the real estate investment trust's stock valued at $91,000 after acquiring an additional 160 shares in the last quarter. Hedge funds and other institutional investors own 94.48% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Wall Street Zen raised shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research report on Saturday, March 1st. Evercore ISI decreased their price objective on shares of Ryman Hospitality Properties from $130.00 to $120.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Wells Fargo & Company restated an "overweight" rating and set a $101.00 target price (up from $99.00) on shares of Ryman Hospitality Properties in a research note on Thursday, May 22nd. Truist Financial dropped their target price on Ryman Hospitality Properties from $133.00 to $127.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. Finally, Wedbush set a $110.00 price target on Ryman Hospitality Properties and gave the company an "outperform" rating in a report on Tuesday, May 6th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Ryman Hospitality Properties currently has a consensus rating of "Moderate Buy" and an average target price of $113.00.

Ryman Hospitality Properties Stock Performance

RHP traded down $0.85 during trading hours on Wednesday, hitting $96.54. 78,250 shares of the stock were exchanged, compared to its average volume of 892,008. The stock has a market cap of $5.79 billion, a price-to-earnings ratio of 22.03, a price-to-earnings-growth ratio of 2.71 and a beta of 1.55. The stock has a 50-day simple moving average of $90.88 and a 200-day simple moving average of $100.60. 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 12 month low of $76.27 and a 12 month high of $121.77.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $2.08 earnings per share for the quarter, topping analysts' consensus estimates of $1.79 by $0.29. Ryman Hospitality Properties had a return on equity of 49.23% and a net margin of 11.61%. The business had revenue of $587.28 million for the quarter, compared to analysts' expectations of $546.52 million. During the same period in the prior year, the firm earned $1.60 EPS. The business's quarterly revenue was up 11.2% on a year-over-year basis. Analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current year.

Ryman Hospitality Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 4.76%. The ex-dividend date of this dividend is Monday, June 30th. Ryman Hospitality Properties's payout ratio is 97.46%.

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.