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Deutsche Bank cut its stake in Ryman Hospitality Properties, Inc. in the third quarter, according to information disclosed by Ryman Hospitality Properties, Inc. (NYSE: RHP – Free Report) in its most recent Form 13F filed with the U.S. Securities and Exchange Commission. 53.8%. The institutional investor owns 749,608 shares of the real estate investment trust stock after selling 872,456 shares during the period. Deutsche Bank’s stake in Ryman Hospitality Properties was worth $62,427,000 as of its most recent SEC filing.
Many other hedge funds and other institutional investors have also recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Ryman Hospitality Properties by 4.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,494 shares of the real estate investment trust’s stock valued at $204,000 after purchasing an additional 115 shares during the last quarter. Mariner LLC raised its stake in Ryman Hospitality Properties by 1.1% in the fourth quarter. Mariner LLC now owns 12,009 shares of the real estate investment trust’s stock valued at $982,000 after purchasing an additional 129 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Ryman Hospitality Properties by 0.7% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 24,293 shares of the real estate investment trust’s stock valued at $2,257,000 after purchasing an additional 160 shares during the last quarter. Covestor Ltd raised its stake in Ryman Hospitality Properties by 15.5% during the third quarter. Covestor Ltd now owns 1,218 shares of the real estate investment trust worth $101,000 after purchasing an additional 163 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its holdings in shares of Ryman Hospitality Properties by 1.0% in the second quarter. Thrivent Financial for Lutherans now owns 20,825 shares of the real estate investment trust’s stock valued at $1,583,000 after purchasing an additional 200 shares during the last quarter. 91.23% of the stock is currently held by institutional investors and hedge funds.
Insider Sales and Purchases of Ryman Hotel Real Estate
In other Ryman Hospitality Properties news, Chief Operating Officer Patrick S. Chaffin sold 16,189 shares of the company’s stock in a transaction on Thursday, February 29th. The shares sold for an average price of $119.74, for a total transaction price of $1,938,470.86. Following the sale, the chief operating officer now owns 17,618 shares of the company’s stock, valued at $2,109,579.32. The sale was disclosed in a legal document filed with the U.S. Securities and Exchange Commission, which can be accessed through this hyperlink . In other news, Chief Operating Officer Patrick S. Chaffin sold 1,380 shares of the company’s stock in a transaction on Tuesday, December 19th. The shares sold for an average price of $109.63, for a total transaction price of $151,289.40. Following the completion of the transaction, the chief operating officer now owns 33,807 shares of the company’s stock, valued at $3,706,261.41. The sale was disclosed in a document filed with the U.S. Securities and Exchange Commission, which is available on the SEC’s website. Additionally, Chief Operating Officer Patrick S. Chaffin sold 16,189 shares of the company’s stock in a transaction on Thursday, February 29th. The shares sold for an average price of $119.74, for a total transaction price of $1,938,470.86. Following the completion of the transaction, the chief operating officer now owns 17,618 shares of the company’s stock, valued at approximately $2,109,579.32. Revealing information for the sale can be found here . Insiders own 3.30% of the company’s shares.
Analysts set new price targets
Several brokerages commented on RHP. JPMorgan Chase & Co. raised shares of Ryman Hospitality Properties from an “underweight” rating to a “neutral” rating and set a price target for the company in a research note on Thursday, December 14th. Increased from $89.00 to $102.00. Wells Fargo & Company raised their target price on shares of Ryman Hospitality Properties from $114.00 to $125.00 and gave the company an “overweight” rating in a research report on Friday, December 22nd. Truist Financial raised their target price on shares of Ryman Hospitality Properties from $124.00 to $134.00 and gave the stock a “buy” rating in a research note on Friday, January 12th. Raymond James raised their target price on shares of Ryman Hospitality Properties from $115.00 to $135.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Finally, StockNews.com upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Friday, February 23rd. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Ryman Hospitality Properties has a consensus rating of “Moderate Buy” and an average price target of $116.71, according to MarketBeat.com.
Read our latest stock report on RHP
Ryman Hotel Real Estate Stock Performance
Ryman Hospitality Properties shares opened Friday at $115.27. The company has a quick ratio of 1.97, a current ratio of 1.97, and a debt-to-equity ratio of 5.90. The stock has a market capitalization of $6.88 billion, a P/E ratio of 22.25, a P/E ratio of 0.80, and a beta of 1.57. The company’s 50-day moving average is $114.79 and its 200-day moving average is $100.98. Ryman Hospitality Properties, Inc. has a 12-month low price of $77.18 and a 12-month high price of $122.91.
Lyman Hospitality Properties Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will receive a dividend of $1.10 per share. The ex-dividend date is Wednesday, March 27. This represents an annualized dividend of $4.40 and a yield of 3.82%. Ryman Hospitality Properties’ current dividend payout ratio (DPR) is 84.94%.
Ryman Hotel Real Estate Introduction
(free report)
Ryman Hospitality Properties, Inc (NYSE: RHP) is a leading lodging and hotel real estate investment trust specializing in upscale convention center resorts and entertainment experiences. The company’s holdings include Gaylord Opryland Resort and Convention Center; Gaylord Palms Resort and Convention Center; Gaylord Texas Resort and Convention Center; Gaylord National Resort and Convention Center; Gaylord The Gaylord Rockies Resort & Convention Center is one of five of the seven largest non-gaming convention center hotels in the United States (based on total indoor meeting space).
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Want to know which other hedge funds hold RHP? Visit HoldingsChannel.com to get the latest 13F filings and insider transactions for Ryman Hospitality Properties, Inc. (NYSE: RHP – Free Report).
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