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TIAA Trust National Association purchased a new stake in shares of Ryman Hospitality Properties, Inc. (NYSE: RHP – Free Report) during the fourth quarter, according to Holdings Channel.com. The fund purchased 1,999 shares of the real estate investment trust stock, valued at approximately $220,000.
A number of other institutional investors have also recently adjusted their holdings in the company. RINEHART PARTNERS LIMITED. Its holdings in shares of Ryman Hospitality Properties grew by 9.6% in the fourth quarter. RINEHART PARTNERS LIMITED. It now owns 437,788 shares of the real estate investment trust’s stock valued at $48,183,000 after purchasing an additional 38,270 shares during the last quarter. Raymond James & Associates increased its holdings in shares of Ryman Hospitality Properties by 39.6% in the fourth quarter. Raymond James & Associates now owns 8,146 shares of the real estate investment trust’s stock valued at $897,000 after purchasing an additional 2,310 shares during the last quarter. Diversified Trust Co increased its holdings in shares of Ryman Hospitality Properties by 6.0% during the fourth quarter. Diversified Trust Co now owns 6,809 shares of the real estate investment trust’s stock valued at $749,000 after purchasing an additional 388 shares during the last quarter. Harbor Capital Advisors LLC increased its holdings in shares of Ryman Hospitality Properties by 0.9% during the fourth quarter. Harbor Capital Advisors LLC now owns 13,440 shares of the real estate investment trust’s stock valued at $1,482,000 after purchasing an additional 115 shares during the last quarter. Finally, Silverleaf Capital Partners LLC purchased a new stake in shares of Ryman Hospitality Properties during the fourth quarter worth approximately $248,000. Hedge funds and other institutional investors own 94.48% of the company’s shares.
Ryman Hotel property value for money
Shares of RHP opened Friday at $115.69 on the New York Stock Exchange. The company has a market capitalization of $6.91 billion, a price-to-earnings ratio of 22.33, a price-to-book ratio of 0.80, and a beta value of 1.57. 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 50-day simple moving average of $115.94 and a 200-day simple moving average of $104.09. Ryman Hospitality Properties, Inc. has a twelve-month low price of $79.86 and a twelve-month high price 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 per share. The ex-dividend date for this dividend is Wednesday, March 27. This represents an annualized dividend of $4.40 and a dividend yield of 3.80%. Ryman Hospitality Properties’ current dividend payout ratio (DPR) is 84.94%.
Wall Street analysts forecast growth
Several analysts have recently issued reports on the company. JPMorgan Chase & Co. raised Ryman Hospitality Properties from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $89.00 in a report on Thursday, December 14th. $102.00. StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Friday, February 23rd. Truist Financial raised their target price on shares of Ryman Hospitality Properties from $134.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. Wells Fargo & Company raised their target price on shares of Ryman Hospitality Properties from $125.00 to $133.00 and gave the stock an “overweight” rating in a report on Thursday, March 21st. Finally, Raymond James raised their target price on Ryman Hospitality Properties from $115.00 to $135.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $118.00.
Check out our latest inventory report on Ryman Hotel Real Estate
Insider activities
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 stock sold for an average price of $119.74, and the total transaction value was $1,938,470.86. Following the completion of the transaction, the chief operating officer now directly owns 17,618 shares of the company’s stock, valued at approximately $2,109,579.32. The sale was disclosed in a document filed with the U.S. Securities and Exchange Commission, which is available on the SEC website. Corporate insiders own 3.30% of the company’s shares.
About Ryman Hotel Real Estate
(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 own 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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