M&T Bank Corp Boosts Stock Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

M&T Bank Corp boosted its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHPGet Rating) by 17.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,712 shares of the real estate investment trust’s stock after purchasing an additional 693 shares during the period. M&T Bank Corp’s holdings in Ryman Hospitality Properties were worth $357,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. First Horizon Advisors Inc. boosted its position in Ryman Hospitality Properties by 52.3% in the second quarter. First Horizon Advisors Inc. now owns 405 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 139 shares during the last quarter. Assetmark Inc. boosted its position in Ryman Hospitality Properties by 28.3% in the second quarter. Assetmark Inc. now owns 657 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 145 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in Ryman Hospitality Properties by 1.4% in the first quarter. Daiwa Securities Group Inc. now owns 16,401 shares of the real estate investment trust’s stock worth $1,522,000 after purchasing an additional 221 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of Ryman Hospitality Properties by 56.2% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 678 shares of the real estate investment trust’s stock valued at $64,000 after buying an additional 244 shares during the period. Finally, KB Financial Partners LLC bought a new stake in shares of Ryman Hospitality Properties in the first quarter valued at $25,000. Hedge funds and other institutional investors own 93.81% of the company’s stock.

Insiders Place Their Bets

In other Ryman Hospitality Properties news, Director Rachna Bhasin sold 4,810 shares of the company’s stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $92.53, for a total value of $445,069.30. Following the transaction, the director now directly owns 4,585 shares in the company, valued at approximately $424,250.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.30% of the company’s stock.

Ryman Hospitality Properties Stock Performance

NYSE:RHP opened at $88.06 on Tuesday. The company has a debt-to-equity ratio of 55.18, a quick ratio of 1.42 and a current ratio of 1.42. Ryman Hospitality Properties, Inc. has a 52-week low of $70.46 and a 52-week high of $101.19. The firm has a market cap of $4.86 billion, a price-to-earnings ratio of 77.25 and a beta of 1.59. The business’s fifty day moving average is $82.88 and its 200 day moving average is $84.20.

Ryman Hospitality Properties Announces Dividend

The firm also recently announced a — dividend, which was paid on Monday, October 17th. Shareholders of record on Friday, September 30th were paid a $0.10 dividend. The ex-dividend date of this dividend was Thursday, September 29th. Ryman Hospitality Properties’s dividend payout ratio is currently 35.09%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on RHP. TheStreet upgraded Ryman Hospitality Properties from a “d+” rating to a “c” rating in a research note on Tuesday, August 2nd. Deutsche Bank Aktiengesellschaft boosted their target price on Ryman Hospitality Properties from $116.00 to $121.00 in a research note on Wednesday, August 3rd. Wells Fargo & Company lowered their target price on Ryman Hospitality Properties from $107.00 to $101.00 and set an “overweight” rating on the stock in a research note on Monday, August 29th. Truist Financial upgraded Ryman Hospitality Properties from a “hold” rating to a “buy” rating and boosted their target price for the company from $95.00 to $103.00 in a research note on Wednesday, September 7th. Finally, StockNews.com started coverage on Ryman Hospitality Properties in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Two investment analysts have rated the stock with 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 an average target price of $108.00.

Ryman Hospitality Properties Company Profile

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Ryman Hospitality Properties, Inc (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and country music entertainment experiences. The Company's core holdings* include a network of five of the top 10 largest non-gaming convention center hotels in the United States based on total indoor meeting space.

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Institutional Ownership by Quarter for Ryman Hospitality Properties (NYSE:RHP)

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