282,231 Shares in Ryman Hospitality Properties, Inc. (NYSE:RHP) Acquired by Norges Bank

Norges Bank acquired a new stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 282,231 shares of the real estate investment trust’s stock, valued at approximately $29,448,000.

Several other large investors have also made changes to their positions in RHP. JPMorgan Chase & Co. lifted its position in Ryman Hospitality Properties by 10.7% during the fourth quarter. JPMorgan Chase & Co. now owns 1,439,719 shares of the real estate investment trust’s stock valued at $150,220,000 after purchasing an additional 138,771 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Ryman Hospitality Properties by 2.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 39,567 shares of the real estate investment trust’s stock valued at $4,127,000 after buying an additional 852 shares during the period. EntryPoint Capital LLC purchased a new stake in shares of Ryman Hospitality Properties in the fourth quarter worth about $280,000. Cannon Global Investment Management LLC acquired a new stake in Ryman Hospitality Properties during the fourth quarter worth about $219,000. Finally, Emerald Advisers LLC raised its position in Ryman Hospitality Properties by 32.6% during the fourth quarter. Emerald Advisers LLC now owns 175,883 shares of the real estate investment trust’s stock valued at $18,352,000 after acquiring an additional 43,220 shares in the last quarter. 94.48% of the stock is owned by hedge funds and other institutional investors.

Ryman Hospitality Properties Stock Down 1.3 %

RHP opened at $84.84 on Monday. 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 twelve month low of $80.47 and a twelve month high of $121.77. The company has a market cap of $5.08 billion, a PE ratio of 19.33, a price-to-earnings-growth ratio of 2.71 and a beta of 1.38. The company has a 50-day moving average price of $98.59 and a 200 day moving average price of $105.74.

Ryman Hospitality Properties (NYSE:RHP) last released its earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.94. The business had revenue of $647.63 million for 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%. Sell-side analysts expect that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $1.15 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $4.60 annualized dividend and a yield of 5.42%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 104.78%.

Insider Transactions at Ryman Hospitality Properties

In related news, Chairman Colin V. Reed acquired 8,231 shares of the stock in a transaction on Wednesday, February 26th. The shares were bought at an average price 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 approximately $81,178,640.40. This represents a 1.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Alvin L. Bowles, Jr. sold 473 shares of the company’s stock in a transaction 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 completion of the sale, the director now owns 2,675 shares of the company’s stock, 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. Insiders own 3.00% of the company’s stock.

Analyst Ratings Changes

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