Daiwa Securities Group Inc. Sells 732 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Daiwa Securities Group Inc. decreased its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 3.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,333 shares of the real estate investment trust’s stock after selling 732 shares during the period. Daiwa Securities Group Inc.’s holdings in Ryman Hospitality Properties were worth $2,018,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nordea Investment Management AB increased its stake in shares of Ryman Hospitality Properties by 22.8% during the third quarter. Nordea Investment Management AB now owns 73,093 shares of the real estate investment trust’s stock valued at $6,148,000 after purchasing an additional 13,566 shares in the last quarter. DekaBank Deutsche Girozentrale increased its stake in shares of Ryman Hospitality Properties by 29.3% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 39,448 shares of the real estate investment trust’s stock valued at $4,336,000 after purchasing an additional 8,945 shares in the last quarter. Reinhart Partners LLC. increased its stake in shares of Ryman Hospitality Properties by 9.6% during the fourth quarter. Reinhart Partners LLC. now owns 437,788 shares of the real estate investment trust’s stock valued at $48,183,000 after purchasing an additional 38,270 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Ryman Hospitality Properties during the third quarter valued at approximately $700,000. Finally, Swiss National Bank increased its stake in shares of Ryman Hospitality Properties by 9.1% during the third quarter. Swiss National Bank now owns 124,600 shares of the real estate investment trust’s stock valued at $10,377,000 after purchasing an additional 10,400 shares in the last quarter. Institutional investors own 94.48% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In related news, COO Patrick S. Chaffin sold 16,189 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $119.74, for a total value of $1,938,470.86. Following the sale, the chief operating officer now owns 17,618 shares in the company, valued at $2,109,579.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.00% of the stock is currently owned by corporate insiders.

Ryman Hospitality Properties Trading Up 2.0 %

Shares of RHP stock opened at $106.51 on Tuesday. Ryman Hospitality Properties, Inc. has a 12-month low of $79.86 and a 12-month high of $122.91. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 5.90. The firm’s 50 day moving average is $115.17 and its 200 day moving average is $106.46. The stock has a market capitalization of $6.38 billion, a P/E ratio of 20.56, a P/E/G ratio of 0.73 and a beta of 1.57.

Ryman Hospitality Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 4.13%. The ex-dividend date was Wednesday, March 27th. Ryman Hospitality Properties’s dividend payout ratio is currently 84.94%.

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.