Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Purchased by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. increased its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 4.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 78,520 shares of the real estate investment trust’s stock after purchasing an additional 3,110 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Ryman Hospitality Properties were worth $8,193,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Quarry LP purchased a new stake in shares of Ryman Hospitality Properties in the 3rd quarter valued at approximately $28,000. Heck Capital Advisors LLC acquired a new position in Ryman Hospitality Properties in the fourth quarter valued at approximately $31,000. Harvest Fund Management Co. Ltd purchased a new position in Ryman Hospitality Properties in the fourth quarter worth approximately $72,000. Venturi Wealth Management LLC acquired a new stake in Ryman Hospitality Properties during the fourth quarter worth $83,000. Finally, Blue Trust Inc. raised its position in Ryman Hospitality Properties by 23.4% in the fourth 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 period. 94.48% of the stock is owned by hedge funds and other institutional investors.

Ryman Hospitality Properties Price Performance

Ryman Hospitality Properties stock opened at $91.49 on Tuesday. The company’s 50 day moving average is $99.79 and its two-hundred day moving average is $106.10. The firm has a market cap of $5.48 billion, a PE ratio of 20.84, a price-to-earnings-growth ratio of 2.71 and a beta of 1.65. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 6.07. Ryman Hospitality Properties, Inc. has a 52-week low of $89.01 and a 52-week high of $121.77.

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

Ryman Hospitality Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 5.03%. The ex-dividend date of this dividend is Monday, March 31st. Ryman Hospitality Properties’s dividend payout ratio is presently 104.78%.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

RHP has been the subject of a number of recent analyst reports. Truist Financial cut their price objective on Ryman Hospitality Properties from $133.00 to $127.00 and set a “buy” rating for the company in a research report on Friday, March 21st. Wells Fargo & Company reduced their price target on shares of Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $100.00 price objective on shares of Ryman Hospitality Properties in a research report on Friday, December 13th. StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Saturday, March 1st. Finally, BMO Capital Markets began coverage on Ryman Hospitality Properties in a research report on Monday, December 9th. They set an “outperform” rating and a $133.00 price target for the company. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $124.67.

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.