Allspring Global Investments Holdings LLC lifted its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP – Free Report) by 9.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,255 shares of the real estate investment trust’s stock after purchasing an additional 451 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Ryman Hospitality Properties were worth $608,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of RHP. Ameriprise Financial Inc. increased its holdings in Ryman Hospitality Properties by 33.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 555,473 shares of the real estate investment trust’s stock worth $46,199,000 after buying an additional 139,867 shares during the period. Legal & General Group Plc increased its holdings in Ryman Hospitality Properties by 16.0% in the 3rd quarter. Legal & General Group Plc now owns 408,680 shares of the real estate investment trust’s stock worth $34,035,000 after buying an additional 56,402 shares during the period. JPMorgan Chase & Co. increased its holdings in Ryman Hospitality Properties by 5.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,713,128 shares of the real estate investment trust’s stock worth $142,669,000 after buying an additional 93,082 shares during the period. Penserra Capital Management LLC increased its holdings in Ryman Hospitality Properties by 8.6% in the 3rd quarter. Penserra Capital Management LLC now owns 7,278 shares of the real estate investment trust’s stock worth $605,000 after buying an additional 577 shares during the period. Finally, Public Employees Retirement System of Ohio increased its holdings in Ryman Hospitality Properties by 9.0% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 86,090 shares of the real estate investment trust’s stock worth $7,170,000 after buying an additional 7,142 shares during the period. Institutional investors and hedge funds own 94.48% of the company’s stock.
RHP has been the topic of a number of analyst reports. Truist Financial dropped their price objective on shares of Ryman Hospitality Properties from $135.00 to $130.00 and set a “buy” rating on the stock in a research note on Thursday, May 30th. Wells Fargo & Company raised their price objective on shares of Ryman Hospitality Properties from $125.00 to $133.00 and gave the stock an “overweight” rating in a research note on Thursday, March 21st. StockNews.com raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Ryman Hospitality Properties from $141.00 to $136.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $118.29.
In related news, Director William E. Haslam purchased 9,972 shares of Ryman Hospitality Properties stock in a transaction dated Thursday, June 13th. The shares were acquired at an average price of $100.28 per share, for a total transaction of $999,992.16. Following the acquisition, the director now directly owns 22,790 shares in the company, valued at $2,285,381.20. The purchase was disclosed in a filing with the SEC, which is available through this link. In related news, Director William E. Haslam purchased 9,972 shares of Ryman Hospitality Properties stock in a transaction dated Thursday, June 13th. The shares were acquired at an average price of $100.28 per share, for a total transaction of $999,992.16. Following the acquisition, the director now directly owns 22,790 shares in the company, valued at $2,285,381.20. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Colin V. Reed purchased 13,800 shares of Ryman Hospitality Properties stock in a transaction dated Tuesday, May 7th. The shares were bought at an average price of $106.40 per share, for a total transaction of $1,468,320.00. Following the acquisition, the chairman now owns 819,143 shares in the company, valued at $87,156,815.20. The disclosure for this purchase can be found here. Insiders own 3.00% of the company’s stock.
Shares of RHP stock opened at $98.21 on Wednesday. The stock’s fifty day moving average is $102.15 and its two-hundred day moving average is $109.46. The company has a debt-to-equity ratio of 6.33, a quick ratio of 1.99 and a current ratio of 1.99. The firm has a market capitalization of $5.88 billion, a P/E ratio of 20.33, a PEG ratio of 2.07 and a beta of 1.64. Ryman Hospitality Properties, Inc. has a fifty-two week low of $79.86 and a fifty-two week high of $122.91.
The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a dividend of $1.10 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $4.40 annualized dividend and a dividend yield of 4.48%. Ryman Hospitality Properties’s dividend payout ratio is presently 91.10%.
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.
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