Asset Management One Co. Ltd. Raises Stock Holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Posted by on Apr 30th, 2023

Asset Management One Co. Ltd. lifted its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP – Get Rating) by 4.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 86,855 shares of the real estate investment trust’s stock after acquiring an additional 3,542 shares during the period. Asset Management One Co. Ltd. owned 0.16% of Ryman Hospitality Properties worth $7,083,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Ellevest Inc. increased its position in Ryman Hospitality Properties by 83.7% in the 4th quarter. Ellevest Inc. now owns 542 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 247 shares during the period. Emerald Mutual Fund Advisers Trust increased its holdings in shares of Ryman Hospitality Properties by 1.2% in the fourth quarter. Emerald Mutual Fund Advisers Trust now owns 114,492 shares of the real estate investment trust’s stock valued at $9,363,000 after purchasing an additional 1,330 shares during the period. Bailard Inc. raised its stake in shares of Ryman Hospitality Properties by 33.4% during the fourth quarter. Bailard Inc. now owns 4,398 shares of the real estate investment trust’s stock worth $360,000 after purchasing an additional 1,100 shares during the last quarter. ProShare Advisors LLC lifted its holdings in shares of Ryman Hospitality Properties by 16.7% during the fourth quarter. ProShare Advisors LLC now owns 6,925 shares of the real estate investment trust’s stock worth $566,000 after purchasing an additional 992 shares during the period. Finally, Bank of Montreal Can grew its position in Ryman Hospitality Properties by 333.3% in the 4th quarter. Bank of Montreal Can now owns 35,141 shares of the real estate investment trust’s stock valued at $3,112,000 after buying an additional 27,031 shares during the last quarter. 92.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on RHP. Wells Fargo & Company cut their price objective on shares of Ryman Hospitality Properties from $101.00 to $96.00 and set an “overweight” rating for the company in a research report on Thursday, March 30th. StockNews.com started coverage on Ryman Hospitality Properties in a report on Thursday, March 16th. They issued a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft dropped their target price on Ryman Hospitality Properties from $126.00 to $120.00 and set a “buy” rating on the stock in a research report on Monday, February 27th. Finally, TheStreet upgraded Ryman Hospitality Properties from a “c” rating to a “b-” rating in a research note on Friday, February 24th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $105.80.

Ryman Hospitality Properties Trading Up 1.9 %

Shares of Ryman Hospitality Properties stock opened at $89.66 on Friday. The company has a 50-day moving average of $89.33 and a two-hundred day moving average of $87.93. Ryman Hospitality Properties, Inc. has a 12-month low of $70.46 and a 12-month high of $97.81. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 29.85. The stock has a market cap of $4.95 billion, a PE ratio of 39.32, a price-to-earnings-growth ratio of 8.97 and a beta of 1.59.

Ryman Hospitality Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 17th. Shareholders of record on Friday, March 31st were issued a $0.75 dividend. This is a positive change from Ryman Hospitality Properties’s previous quarterly dividend of $0.25. The ex-dividend date was Thursday, March 30th. This represents a $3.00 annualized dividend and a yield of 3.35%. Ryman Hospitality Properties’s dividend payout ratio is 131.58%.

Ryman Hospitality Properties Profile

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Ryman Hospitality Properties, Inc is a real estate investment trust, which engages in owning and operating group-oriented, destination hotel assets in urban and resort markets. It operates through the following segments: Hospitality, Entertainment, and Corporate and Other. The Hospitality segment includes directly-owned hotel properties and hotel operations, as well as the Gaylord Rockies joint venture.

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Institutional Ownership by Quarter for Ryman Hospitality Properties (NYSE:RHP)

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