Daiwa Securities Group Inc. Sells 463 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Posted by Defense World Staff on May 4th, 2023

Daiwa Securities Group Inc. decreased its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP – Get Rating) by 3.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 14,980 shares of the real estate investment trust’s stock after selling 463 shares during the period. Daiwa Securities Group Inc.’s holdings in Ryman Hospitality Properties were worth $1,225,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. KB Financial Partners LLC bought a new stake in shares of Ryman Hospitality Properties during the 1st quarter valued at $25,000. James Investment Research Inc. bought a new stake in shares of Ryman Hospitality Properties during the 4th quarter valued at $27,000. Lazard Asset Management LLC raised its position in shares of Ryman Hospitality Properties by 667.4% during the 1st quarter. Lazard Asset Management LLC now owns 330 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 287 shares during the last quarter. Ellevest Inc. raised its position in shares of Ryman Hospitality Properties by 83.7% during 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 last quarter. Finally, Covestor Ltd increased its position in shares of Ryman Hospitality Properties by 878.2% in the 1st quarter. Covestor Ltd now owns 851 shares of the real estate investment trust’s stock valued at $79,000 after buying an additional 764 shares in the last quarter. Institutional investors own 92.80% of the company’s stock.

Ryman Hospitality Properties Price Performance

RHP stock opened at $90.99 on Thursday. The stock has a 50-day moving average price of $89.45 and a two-hundred day moving average price of $88.16. The stock has a market cap of $5.02 billion, a PE ratio of 39.91, a price-to-earnings-growth ratio of 8.97 and a beta of 1.59. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 29.85. Ryman Hospitality Properties, Inc. has a 1 year low of $70.46 and a 1 year high of $97.29.

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 dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date of this dividend was Thursday, March 30th. This is a boost from Ryman Hospitality Properties’s previous quarterly dividend of $0.25. Ryman Hospitality Properties’s dividend payout ratio is 131.58%.

Analyst Upgrades and Downgrades

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

Ryman Hospitality Properties Company Profile

(Get Rating)

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.