UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Stake in Ryman Hospitality Properties, Inc. (NYSE:RHP)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 483.2% in the 3rd quarter, Holdings Channel reports. The fund owned 609,761 shares of the real estate investment trust’s stock after acquiring an additional 505,207 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Ryman Hospitality Properties were worth $65,391,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FORA Capital LLC raised its holdings in Ryman Hospitality Properties by 48.7% in the third quarter. FORA Capital LLC now owns 10,823 shares of the real estate investment trust’s stock worth $1,161,000 after purchasing an additional 3,547 shares in the last quarter. Cerity Partners LLC increased its stake in shares of Ryman Hospitality Properties by 6.1% in the 3rd quarter. Cerity Partners LLC now owns 7,919 shares of the real estate investment trust’s stock worth $849,000 after acquiring an additional 452 shares in the last quarter. Citigroup Inc. lifted its position in Ryman Hospitality Properties by 72.9% during the 3rd quarter. Citigroup Inc. now owns 54,239 shares of the real estate investment trust’s stock valued at $5,817,000 after acquiring an additional 22,871 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Ryman Hospitality Properties by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 964,315 shares of the real estate investment trust’s stock worth $103,413,000 after acquiring an additional 6,289 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new stake in Ryman Hospitality Properties in the third quarter worth about $1,777,000. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Trading Up 0.3 %

Shares of NYSE:RHP opened at $117.59 on Tuesday. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.73. Ryman Hospitality Properties, Inc. has a 1 year low of $93.76 and a 1 year high of $122.91. The company has a market cap of $7.04 billion, a P/E ratio of 20.89, a PEG ratio of 2.96 and a beta of 1.65. The stock’s fifty day moving average price is $111.23 and its 200-day moving average price is $104.90.

Ryman Hospitality Properties (NYSE:RHP) last posted its earnings results on Monday, November 4th. The real estate investment trust reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.83 by ($0.89). Ryman Hospitality Properties had a net margin of 14.84% and a return on equity of 61.94%. The company had revenue of $549.90 million for the quarter, compared to the consensus estimate of $545.93 million. During the same quarter in the prior year, the company posted $1.73 EPS. Ryman Hospitality Properties’s revenue was up 4.0% on a year-over-year basis. Sell-side analysts expect that Ryman Hospitality Properties, Inc. will post 8.44 earnings per share for the current year.

Ryman Hospitality Properties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date of this dividend is Tuesday, December 31st. This is an increase from Ryman Hospitality Properties’s previous quarterly dividend of $1.10. Ryman Hospitality Properties’s payout ratio is 78.15%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on RHP shares. Truist Financial lifted their target price on shares of Ryman Hospitality Properties from $130.00 to $136.00 and gave the company a “buy” rating in a report on Monday, November 18th. Jefferies Financial Group started coverage on Ryman Hospitality Properties in a research note on Wednesday, November 6th. They set a “buy” rating and a $130.00 price objective for the company. StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Friday, August 9th. Finally, Wells Fargo & Company lowered their price target on Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating for the company in a research report on Friday, September 13th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Ryman Hospitality Properties has a consensus rating of “Moderate Buy” and an average price target of $126.17.

Insider Buying and Selling at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Director Alvin L. Bowles, Jr. sold 900 shares of the business’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $107.32, for a total transaction of $96,588.00. Following the completion of the sale, the director now directly owns 3,148 shares in the company, valued at $337,843.36. The trade was a 22.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Fazal F. Merchant sold 1,269 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $113.98, for a total transaction of $144,640.62. Following the completion of the transaction, the director now owns 4,825 shares in the company, valued at $549,953.50. This trade represents a 20.82 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.00% of the company’s stock.

Ryman Hospitality Properties Company Profile

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.