Zurcher Kantonalbank Zurich Cantonalbank Buys 11,753 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 48.3% in the 4th quarter, HoldingsChannel reports. The firm owned 36,091 shares of the real estate investment trust’s stock after acquiring an additional 11,753 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Ryman Hospitality Properties were worth $3,766,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Quarry LP acquired a new position in shares of Ryman Hospitality Properties in the 3rd quarter valued at approximately $28,000. Heck Capital Advisors LLC bought a new position in Ryman Hospitality Properties in the fourth quarter valued at approximately $31,000. Avior Wealth Management LLC raised its position in Ryman Hospitality Properties by 44.9% during the third quarter. Avior Wealth Management LLC now owns 442 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 137 shares in the last quarter. Venturi Wealth Management LLC acquired a new stake in shares of Ryman Hospitality Properties in the 4th quarter valued at $83,000. Finally, Blue Trust Inc. increased its stake in shares of Ryman Hospitality Properties by 23.4% in the 4th quarter. Blue Trust Inc. now owns 845 shares of the real estate investment trust’s stock valued at $91,000 after purchasing an additional 160 shares during the last quarter. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on RHP shares. BMO Capital Markets began coverage on Ryman Hospitality Properties in a research note on Monday, December 9th. They issued an “outperform” rating and a $133.00 price objective on the stock. Truist Financial reaffirmed a “buy” rating and set a $133.00 price target (down from $136.00) on shares of Ryman Hospitality Properties in a report on Tuesday, February 25th. StockNews.com upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Saturday, March 1st. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $100.00 price target on shares of Ryman Hospitality Properties in a report on Friday, December 13th. Finally, Wells Fargo & Company cut their price objective on Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.67.

Insider Activity at Ryman Hospitality Properties

In other news, Director Alvin L. Bowles, Jr. sold 473 shares of the business’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $97.03, for a total value of $45,895.19. Following the transaction, the director now directly owns 2,675 shares of the company’s stock, valued at $259,555.25. The trade was a 15.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Colin V. Reed bought 8,231 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The shares were acquired at an average cost of $97.54 per share, with a total value of $802,851.74. Following the purchase, the chairman now directly owns 832,260 shares of the company’s stock, valued at $81,178,640.40. This trade represents a 1.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.00% of the stock is currently owned by company insiders.

Ryman Hospitality Properties Trading Up 3.4 %

Shares of NYSE RHP opened at $96.67 on Friday. The firm has a 50 day moving average price of $101.60 and a two-hundred day moving average price of $106.57. The stock has a market cap of $5.79 billion, a P/E ratio of 22.02, a price-to-earnings-growth ratio of 2.71 and a beta of 1.65. Ryman Hospitality Properties, Inc. has a 52-week low of $93.17 and a 52-week high of $121.77. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.73 and a current ratio of 1.73.

Ryman Hospitality Properties (NYSE:RHP) last posted its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.94. The business had revenue of $647.63 million during the quarter, compared to the consensus estimate of $656.01 million. Ryman Hospitality Properties had a return on equity of 49.23% and a net margin of 11.61%. As a group, equities analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.

Ryman Hospitality Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.76%. The ex-dividend date of this dividend is Monday, March 31st. Ryman Hospitality Properties’s dividend payout ratio is currently 104.78%.

About Ryman Hospitality Properties

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.