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Diversified Trust Co purchased new shares of Ryman Hospitality Properties, Inc. (NYSE: RHP – Free Report ) during the third quarter, according to a recent filing with the SEC. The institutional investor purchased 6,421 shares of the real estate investment trust’s stock, valued at approximately $535,000.
Other large investors have also recently added to or reduced their holdings in the company. Texas Employees’ Retirement System raised its stake in shares of Ryman Hospitality Properties by 34.7% in the third quarter. Texas Employees Retirement System now owns 19,412 shares of the real estate investment trust’s stock valued at $1,617,000, after purchasing an additional 5,000 shares during the period. Ohio Public Employees Retirement System boosted its holdings in shares of Ryman Hospitality Properties by 9.0% in the third quarter. Ohio Public Employees Retirement System now owns 86,090 shares of the real estate investment trust stock valued at $7,170,000, after purchasing an additional 7,142 shares during the period. Penserra Capital Management LLC increased its holdings in shares of Ryman Hospitality Properties by 8.6% in the third quarter. Penserra Capital Management LLC now owns 7,278 shares of the real estate investment trust’s stock valued at $605,000, after purchasing an additional 577 shares during the period. Manufacturers Life Insurance Company increased its holdings in shares of Ryman Hospitality Properties by 54.9% in the third quarter. Manufacturers Life Insurance Company now owns 37,609 shares of the real estate investment trust stock valued at $3,132,000, after purchasing an additional 13,322 shares during the period. Finally, Royal Bank of Canada increased its holdings in shares of Ryman Hospitality Properties by 102.0% during the 3rd quarter. Royal Bank of Canada now owns 15,656 shares of the real estate investment trust worth $1,303,000, after purchasing an additional 7,904 shares during the period. 91.23% of the stock is currently held by hedge funds and other institutional investors.
Wall Street analysts comment
RHP has been the subject of many research reports. 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 report on Friday, February 2nd. Truist Financial raised their target price on shares of Ryman Hospitality Properties from $124.00 to $134.00 and gave the company a “buy” rating in a report on Friday, January 12th. StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Friday, February 23rd. 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 report on Thursday, December 14th. to $102.00. Finally, Wells Fargo 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 report on Friday, December 22nd. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Ryman Hospitality Properties currently has a consensus rating of “Moderate Buy” and a consensus price target of $116.71.
Check out our latest stock analysis for Lyman Hospitality Real Estate
Insider Sales and Purchases of Ryman Hotel Real Estate
In other news, Chief Operating Officer Patrick S. Chaffin sold 1,380 shares of Ryman Hospitality Properties 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 transaction, the chief operating officer now owns 33,807 shares of the company, valued at approximately $3,706,261.41. The sale was disclosed in a legal document filed with the U.S. Securities and Exchange Commission, which is available at this hyperlink . In other news, Chief Operating Officer Patrick S. Chaffin sold 16,189 shares of Ryman Hospitality Properties stock in a transaction that occurred 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 transaction, the chief operating officer now owns 17,618 shares of the company, valued at approximately $2,109,579.32. The sale was disclosed in a legal document filed with the U.S. Securities and Exchange Commission, which is available at this hyperlink . 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 directly 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 . 3.30% of the shares are owned by insiders.
Ryman Hotel property value for money
RHP shares opened at $114.98 on the New York Stock Exchange on Thursday. Ryman Hospitality Properties, Inc. has a fifty-two week low of $77.18 and a fifty-two week high of $122.91. The business has a 50-day moving average price of $114.62 and a 200-day moving average price of $100.67. 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 company has a market capitalization of $6.87 billion, a price-to-earnings ratio of 22.20, a price-to-earnings growth ratio of 0.81, and a beta of 1.57.
Lyman Hospitality Properties Dividend Announcement
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 per share. The ex-dividend date is Wednesday, March 27. This represents an annualized dividend of $4.40 and a yield of 3.83%. 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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