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UBS Group AG sold its stake in Ryman Hospitality Properties, Inc. in the third quarter, according to Ryman Hospitality Properties, Inc. (NYSE: RHP – Free Report) in a recent SEC filing A 17.0% reduction. The company owns 51,613 shares of the real estate investment trust stock after selling 10,550 shares during the quarter. As of the latest SEC filing, UBS Group AG held approximately 0.09% of Ryman Hospitality Properties’ shares, worth $4,298,000.
A number of other institutional investors have also recently revised their holdings in the business. KB Financial Partners LLC acquired a new position in Ryman Hospitality Properties during the first quarter worth approximately $25,000. Lazard Asset Management LLC increased its holdings in shares of Ryman Hospitality Properties by 667.4% in the first quarter. Lazard Asset Management LLC now owns 330 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 287 shares during the last quarter. Quarry LP boosted its holdings in Ryman Hospitality Properties by 110.8% in the first quarter. Quarry LP now owns 430 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 226 shares during the last quarter. Rockefeller Capital Management LP raised its holdings in Ryman Hospitality Properties by 118.1% during the fourth quarter. Rockefeller Capital Management LP now owns 517 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 280 shares during the last quarter. Finally, there is First Manhattan Ltd. Q1 purchased new shares of Ryman Hospitality Properties valued at approximately $71,000. Institutional investors and hedge funds hold 91.23% of the company’s shares.
Insider Trading at Lyman Hotels
In other 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 were sold for 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 directly owns 17,618 shares of the company’s stock, valued at approximately $2,109,579.32. The transaction was disclosed in a filing with the SEC, which is available on the SEC’s website. In other Ryman Hospitality Properties news, Chief Operating Officer Patrick S. Chaffin sold 16,189 shares of the stock in a transaction on Thursday, February 29th. The shares were sold for 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 sale was disclosed in a filing with the U.S. Securities and Exchange Commission, which is available at this link . Additionally, Chief Operating Officer Patrick S. Chaffin sold 1,380 shares of the company’s stock in a transaction on Tuesday, December 19th. The shares were sold for an average price of $109.63, for a total value of $151,289.40. Following the completion of the sale, the chief operating officer now owns 33,807 shares of the company’s stock, valued at approximately $3,706,261.41. Revealing information for the sale can be found here . Company insiders currently own 3.30% of the shares.
Analyst upgrades and downgrades
Several equities research analysts recently commented on the company. Raymond James raised their target price on Ryman Hospitality Properties from $115.00 to $135.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. 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 note on Friday, December 22nd. JPMorgan Chase & Co. raised Ryman Hospitality Properties from an “underweight” rating to a “neutral” rating and raised their target price for the company from 89.00 in a research note on Thursday, December 14th. The U.S. dollar increased to $102.00. Truist Financial raised their target price on Ryman Hospitality Properties from $124.00 to $134.00 and gave the stock a “buy” rating in a research note on Friday, January 12th. Finally, StockNews.com upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Friday, February 23rd. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Moderate Buy” and a consensus price target of $116.71, according to MarketBeat.com.
Check out our latest stock analysis for Lyman Hospitality Real Estate
Ryman Hotel property value for money
RHP shares opened Friday at $118.37. The company has a market capitalization of $7.07 billion, a price-to-earnings ratio of 22.85, a price-to-book ratio of 0.82, and a beta value of 1.57. The company has a current ratio of 1.97, a quick ratio of 1.83, and a debt-to-equity ratio of 5.90. The company’s 50-day simple moving average is $113.43 and its 200-day simple moving average is $98.47. Ryman Hospitality Properties, Inc. has a one-year low of $77.18 and a one-year high of $122.91.
Lyman Hospitality Real Estate announces dividend
The company also recently disclosed 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. The ex-dividend date for this dividend is Wednesday, March 27. This represents an annualized dividend of $4.40 and a dividend yield of 3.72%. Ryman Hospitality Properties’ dividend payout ratio 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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