Nuveen Asset Management LLC Purchases 5,807 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Nuveen Asset Management LLC lifted its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 0.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 936,712 shares of the real estate investment trust's stock after purchasing an additional 5,807 shares during the quarter. Nuveen Asset Management LLC owned 1.56% of Ryman Hospitality Properties worth $97,737,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Principal Financial Group Inc. grew its stake in Ryman Hospitality Properties by 3.2% in the 4th quarter. Principal Financial Group Inc. now owns 3,254,693 shares of the real estate investment trust's stock worth $339,596,000 after buying an additional 101,333 shares in the last quarter. JPMorgan Chase & Co. grew its position in Ryman Hospitality Properties by 10.7% in the fourth quarter. JPMorgan Chase & Co. now owns 1,439,719 shares of the real estate investment trust's stock worth $150,220,000 after acquiring an additional 138,771 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Ryman Hospitality Properties by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 979,176 shares of the real estate investment trust's stock worth $102,167,000 after acquiring an additional 14,861 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Ryman Hospitality Properties by 2.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 853,251 shares of the real estate investment trust's stock valued at $89,028,000 after acquiring an additional 24,439 shares during the last quarter. Finally, Deutsche Bank AG raised its position in Ryman Hospitality Properties by 4.0% during the fourth quarter. Deutsche Bank AG now owns 852,624 shares of the real estate investment trust's stock valued at $88,963,000 after purchasing an additional 32,518 shares in the last quarter. Hedge funds and other institutional investors own 94.48% of the company's stock.

Ryman Hospitality Properties Trading Down 2.4%

Shares of NYSE:RHP traded down $2.41 during trading on Tuesday, reaching $96.76. 3,141,765 shares of the company traded hands, compared to its average volume of 632,612. The firm has a market capitalization of $5.81 billion, a price-to-earnings ratio of 22.04, a P/E/G ratio of 2.71 and a beta of 1.55. Ryman Hospitality Properties, Inc. has a 52-week low of $76.27 and a 52-week high of $121.77. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 6.07. The business's fifty day moving average is $90.96 and its 200-day moving average is $101.14.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last posted its 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. The company had revenue of $587.28 million during the quarter, compared to analyst estimates of $546.52 million. Ryman Hospitality Properties had a net margin of 11.61% and a return on equity of 49.23%. Ryman Hospitality Properties's revenue for the quarter was up 11.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.60 earnings per share. As a group, analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.

Ryman Hospitality Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a $1.15 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.75%. Ryman Hospitality Properties's dividend payout ratio is currently 97.46%.

Insider Activity

In other news, Director Alvin L. Bowles, Jr. sold 473 shares of Ryman Hospitality Properties stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $97.03, for a total transaction of $45,895.19. Following the sale, 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Colin V. Reed purchased 8,231 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The stock was bought at an average cost of $97.54 per share, with a total value of $802,851.74. Following the completion of the purchase, the chairman now owns 832,260 shares of the company's stock, valued at $81,178,640.40. This represents a 1.00% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 5.00% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on RHP. Wells Fargo & Company dropped their price target on Ryman Hospitality Properties from $130.00 to $122.00 and set an "overweight" rating for the company in a research note on Tuesday, February 18th. Wedbush set a $110.00 price target on shares of Ryman Hospitality Properties and gave the company an "outperform" rating in a research report on Tuesday, May 6th. Evercore ISI lowered 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 report on Monday, April 28th. Truist Financial reduced their target price 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. Finally, StockNews.com upgraded shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research report on Saturday, March 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, Ryman Hospitality Properties presently has a consensus rating of "Moderate Buy" and an average price target of $116.00.

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.