Corebridge Financial Inc. Has $3.04 Million Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Corebridge Financial Inc. decreased its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 7.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 29,160 shares of the real estate investment trust’s stock after selling 2,202 shares during the period. Corebridge Financial Inc.’s holdings in Ryman Hospitality Properties were worth $3,043,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Quarry LP bought a new position in Ryman Hospitality Properties during the third quarter worth about $28,000. Heck Capital Advisors LLC bought a new position in Ryman Hospitality Properties during the 4th quarter worth approximately $31,000. Harvest Fund Management Co. Ltd acquired a new position in Ryman Hospitality Properties during the fourth quarter valued at approximately $72,000. Venturi Wealth Management LLC bought a new stake in Ryman Hospitality Properties in the fourth quarter valued at approximately $83,000. Finally, Blue Trust Inc. raised its holdings 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 worth $91,000 after purchasing an additional 160 shares during the period. Institutional investors and hedge funds own 94.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. StockNews.com raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Saturday, March 1st. Truist Financial lowered their price target on Ryman Hospitality Properties from $133.00 to $127.00 and set a “buy” rating for the company in a report on Friday, March 21st. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $100.00 price objective on shares of Ryman Hospitality Properties in a research report on Friday, December 13th. Wells Fargo & Company dropped their target price on shares of Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. Finally, BMO Capital Markets initiated coverage on shares of Ryman Hospitality Properties in a research report on Monday, December 9th. They set an “outperform” rating and a $133.00 price objective for the company. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $124.67.

Insider Activity at Ryman Hospitality Properties

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

Ryman Hospitality Properties Trading Down 0.3 %

NYSE:RHP opened at $91.49 on Tuesday. The company has a market cap of $5.48 billion, a P/E ratio of 20.84, a price-to-earnings-growth ratio of 2.71 and a beta of 1.65. Ryman Hospitality Properties, Inc. has a twelve month low of $89.01 and a twelve month high of $121.77. The business has a 50 day moving average price of $99.79 and a two-hundred day moving average price of $106.10. 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 (NYSE:RHP) last announced its earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 EPS for the quarter, topping the consensus estimate of $1.21 by $0.94. Ryman Hospitality Properties had a net margin of 11.61% and a return on equity of 49.23%. The business had revenue of $647.63 million during the quarter, compared to analysts’ expectations of $656.01 million. As a group, analysts expect that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

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 issued a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 5.03%. The ex-dividend date is Monday, March 31st. Ryman Hospitality Properties’s payout ratio is 104.78%.

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.