Ryman Hospitality Properties, Inc. (NYSE:RHP) Holdings Lifted by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. grew its position in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 9.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 29,638 shares of the real estate investment trust’s stock after buying an additional 2,652 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Ryman Hospitality Properties were worth $3,262,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. KB Financial Partners LLC bought a new position in shares of Ryman Hospitality Properties in the first quarter valued at approximately $25,000. Lazard Asset Management LLC boosted its holdings in shares of Ryman Hospitality Properties by 667.4% in the first quarter. Lazard Asset Management LLC now owns 330 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 287 shares in the last quarter. Quarry LP boosted its holdings in shares of Ryman Hospitality Properties by 110.8% in the first quarter. Quarry LP now owns 430 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 226 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings in shares of Ryman Hospitality Properties by 118.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 517 shares of the real estate investment trust’s stock valued at $42,000 after acquiring an additional 280 shares in the last quarter. Finally, First Manhattan CO. LLC. bought a new position in shares of Ryman Hospitality Properties in the first quarter valued at approximately $71,000. Institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Stock Performance

Shares of Ryman Hospitality Properties stock opened at $106.40 on Thursday. The stock has a market cap of $6.37 billion, a PE ratio of 20.54, a price-to-earnings-growth ratio of 0.77 and a beta of 1.57. Ryman Hospitality Properties, Inc. has a 12 month low of $79.86 and a 12 month high of $122.91. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 5.90. The business has a fifty day simple moving average of $115.90 and a 200-day simple moving average of $105.83.

Ryman Hospitality Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were issued a dividend of $1.10 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $4.40 annualized dividend and a dividend yield of 4.14%. Ryman Hospitality Properties’s dividend payout ratio is 84.94%.

Insider Buying and Selling

In related news, COO Patrick S. Chaffin sold 16,189 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $119.74, for a total transaction of $1,938,470.86. Following the completion of the sale, the chief operating officer now directly owns 17,618 shares in the company, valued at $2,109,579.32. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 3.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on RHP. Truist Financial increased their price objective on shares of Ryman Hospitality Properties from $134.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, March 14th. StockNews.com upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Friday, February 23rd. Wells Fargo & Company raised their target price on shares of Ryman Hospitality Properties from $125.00 to $133.00 and gave the stock an “overweight” rating in a report on Thursday, March 21st. Finally, Raymond James upped their price target on Ryman Hospitality Properties from $115.00 to $135.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $118.00.

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.