Wells Fargo & Company MN Increases Stock Holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Wells Fargo & Company MN increased its position in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 28.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 72,149 shares of the real estate investment trust's stock after purchasing an additional 15,814 shares during the period. Wells Fargo & Company MN owned 0.12% of Ryman Hospitality Properties worth $7,528,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Heck Capital Advisors LLC purchased a new stake in shares of Ryman Hospitality Properties in the fourth quarter valued at about $31,000. Harvest Fund Management Co. Ltd purchased a new stake in Ryman Hospitality Properties during the 4th quarter valued at approximately $72,000. Venturi Wealth Management LLC acquired a new stake in Ryman Hospitality Properties during the 4th quarter worth approximately $83,000. Blue Trust Inc. grew its stake in shares of Ryman Hospitality Properties by 23.4% in the 4th quarter. Blue Trust Inc. now owns 845 shares of the real estate investment trust's stock valued at $91,000 after purchasing an additional 160 shares during the last quarter. Finally, Cannon Global Investment Management LLC acquired a new position in shares of Ryman Hospitality Properties in the fourth quarter valued at approximately $219,000. 94.48% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on RHP shares. Jefferies Financial Group lowered their price objective on shares of Ryman Hospitality Properties from $118.00 to $100.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Truist Financial lowered 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. Wells Fargo & Company cut their price target on shares of Ryman Hospitality Properties from $130.00 to $122.00 and set an "overweight" rating for the company in a report on Tuesday, February 18th. Finally, StockNews.com raised Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a report on Saturday, March 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $119.67.

Ryman Hospitality Properties Price Performance

Ryman Hospitality Properties stock traded up $0.99 during mid-day trading on Thursday, reaching $86.81. The company had a trading volume of 89,803 shares, compared to its average volume of 608,459. The stock's 50-day simple moving average is $92.67 and its 200-day simple moving average is $103.21. Ryman Hospitality Properties, Inc. has a 1 year low of $76.27 and a 1 year high of $121.77. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.73. The company has a market capitalization of $5.21 billion, a P/E ratio of 19.75, a P/E/G ratio of 2.71 and a beta of 1.38.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last issued its quarterly earnings data 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 analysts' expectations of $656.01 million. Ryman Hospitality Properties had a return on equity of 49.23% and a net margin of 11.61%. On average, equities analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.

Ryman Hospitality Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a dividend of $1.15 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $4.60 annualized dividend and a yield of 5.30%. Ryman Hospitality Properties's dividend payout ratio (DPR) is currently 104.78%.

Insiders Place Their Bets

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

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.