Westpac Banking Corp acquired a new position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 15,928 shares of the real estate investment trust's stock, valued at approximately $1,753,000.
Other hedge funds have also made changes to their positions in the company. Massachusetts Financial Services Co. MA increased its stake in shares of Ryman Hospitality Properties by 93.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 53,595 shares of the real estate investment trust's stock worth $5,899,000 after acquiring an additional 25,918 shares during the last quarter. Principal Financial Group Inc. raised its stake in Ryman Hospitality Properties by 11,548.3% during the fourth quarter. Principal Financial Group Inc. now owns 703,556 shares of the real estate investment trust's stock worth $77,433,000 after purchasing an additional 697,516 shares during the period. Envestnet Portfolio Solutions Inc. acquired a new position in Ryman Hospitality Properties in the 4th quarter valued at about $213,000. Dimensional Fund Advisors LP grew its stake in shares of Ryman Hospitality Properties by 1.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 793,244 shares of the real estate investment trust's stock valued at $87,305,000 after buying an additional 11,490 shares during the period. Finally, Jump Financial LLC acquired a new stake in shares of Ryman Hospitality Properties during the 4th quarter worth approximately $1,772,000. Institutional investors and hedge funds own 94.48% of the company's stock.
Ryman Hospitality Properties Stock Up 0.6 %
Shares of Ryman Hospitality Properties stock traded up $0.65 during trading hours on Tuesday, hitting $105.66. The company had a trading volume of 796,311 shares, compared to its average volume of 450,140. The company has a debt-to-equity ratio of 6.33, a current ratio of 1.99 and a quick ratio of 1.99. Ryman Hospitality Properties, Inc. has a twelve month low of $79.86 and a twelve month high of $122.91. The company has a market cap of $6.33 billion, a P/E ratio of 21.88, a price-to-earnings-growth ratio of 2.21 and a beta of 1.59. The company's 50-day moving average is $111.44 and its two-hundred day moving average is $108.81.
Ryman Hospitality Properties Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a dividend of $1.10 per share. The ex-dividend date is Friday, June 28th. This represents a $4.40 dividend on an annualized basis and a yield of 4.16%. Ryman Hospitality Properties's dividend payout ratio is presently 91.10%.
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on RHP shares. Raymond James increased their price target on Ryman Hospitality Properties from $115.00 to $135.00 and gave the stock an "outperform" rating in a report on Friday, February 2nd. StockNews.com upgraded shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a report on Tuesday. Wells Fargo & Company lifted their target price 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. Truist Financial increased their target price 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. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Ryman Hospitality Properties from $141.00 to $136.00 and set a "buy" rating for the company in a research report on Thursday, May 9th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, Ryman Hospitality Properties presently has an average rating of "Moderate Buy" and a consensus price target of $119.00.
Read Our Latest Stock Report on RHP
Insider Buying and Selling at Ryman Hospitality Properties
In other Ryman Hospitality Properties news, Chairman Colin V. Reed acquired 13,800 shares of the company's stock in a transaction on Tuesday, May 7th. The shares were bought at an average cost of $106.40 per share, for a total transaction of $1,468,320.00. Following the completion of the purchase, the chairman now owns 819,143 shares in the company, valued at approximately $87,156,815.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, COO Patrick S. Chaffin sold 16,189 shares of the firm's stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $119.74, for a total value of $1,938,470.86. Following the completion of the sale, the chief operating officer now owns 17,618 shares in the company, valued at approximately $2,109,579.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Colin V. Reed purchased 13,800 shares of the business's stock in a transaction that occurred on Tuesday, May 7th. The shares were purchased at an average cost of $106.40 per share, with a total value of $1,468,320.00. Following the completion of the acquisition, the chairman now directly owns 819,143 shares of the company's stock, valued at $87,156,815.20. The disclosure for this purchase can be found here. 3.00% of the stock is owned by company insiders.
Ryman Hospitality Properties Company Profile
(
Free Report)
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.
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