UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 36,136 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 5.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 573,625 shares of the real estate investment trust's stock after selling 36,136 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.96% of Ryman Hospitality Properties worth $59,852,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Cooke & Bieler LP acquired a new stake in Ryman Hospitality Properties in the fourth quarter valued at approximately $74,811,000. Janus Henderson Group PLC lifted its stake in shares of Ryman Hospitality Properties by 946.6% in the 4th quarter. Janus Henderson Group PLC now owns 502,983 shares of the real estate investment trust's stock valued at $52,455,000 after purchasing an additional 454,922 shares during the last quarter. Norges Bank bought a new stake in Ryman Hospitality Properties in the fourth quarter worth $29,448,000. Adelante Capital Management LLC raised its holdings in Ryman Hospitality Properties by 340.1% during the fourth quarter. Adelante Capital Management LLC now owns 348,890 shares of the real estate investment trust's stock valued at $36,403,000 after buying an additional 269,623 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of Ryman Hospitality Properties by 87.3% during the 4th quarter. Victory Capital Management Inc. now owns 547,639 shares of the real estate investment trust's stock worth $57,141,000 after acquiring an additional 255,229 shares in the last quarter. 94.48% of the stock is owned by hedge funds and other institutional investors.

Ryman Hospitality Properties Stock Down 0.2%

NYSE RHP traded down $0.22 on Friday, reaching $97.13. The company had a trading volume of 190,727 shares, compared to its average volume of 641,674. Ryman Hospitality Properties, Inc. has a 52-week low of $76.27 and a 52-week high of $121.77. The company's fifty day moving average is $90.93 and its 200 day moving average is $100.46. The stock has a market capitalization of $5.83 billion, a P/E ratio of 22.12, a P/E/G ratio of 2.71 and a beta of 1.55. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 6.07.

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, beating the consensus estimate of $1.79 by $0.29. The company had revenue of $587.28 million during the quarter, compared to analysts' expectations of $546.52 million. Ryman Hospitality Properties had a return on equity of 49.23% and a net margin of 11.61%. The firm's quarterly revenue was up 11.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.60 earnings per share. Sell-side analysts anticipate 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 declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 4.74%. The ex-dividend date is Monday, June 30th. Ryman Hospitality Properties's dividend payout ratio is currently 97.46%.

Analysts Set New Price Targets

RHP has been the topic of several research analyst reports. Wall Street Zen upgraded shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research note on Saturday, March 1st. Evercore ISI cut 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. Jefferies Financial Group lowered their price target 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. Truist Financial reduced their price objective on Ryman Hospitality Properties from $127.00 to $120.00 and set a "buy" rating for the company in a research report on Friday. Finally, Wedbush set a $110.00 price objective on Ryman Hospitality Properties and gave the company an "outperform" rating in a research report on Tuesday, May 6th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $112.00.

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.