Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Acquired by Mackenzie Financial Corp

Mackenzie Financial Corp lifted its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 3.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,950 shares of the real estate investment trust’s stock after buying an additional 285 shares during the quarter. Mackenzie Financial Corp’s holdings in Ryman Hospitality Properties were worth $875,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in RHP. Covestor Ltd boosted its holdings in Ryman Hospitality Properties by 15.5% in the third quarter. Covestor Ltd now owns 1,218 shares of the real estate investment trust’s stock valued at $101,000 after purchasing an additional 163 shares in the last quarter. TIAA Trust National Association acquired a new position in Ryman Hospitality Properties in the fourth quarter valued at approximately $220,000. Silverleafe Capital Partners LLC acquired a new position in Ryman Hospitality Properties in the fourth quarter valued at approximately $248,000. Custom Index Systems LLC acquired a new position in Ryman Hospitality Properties in the fourth quarter valued at approximately $283,000. Finally, Metis Global Partners LLC boosted its holdings in Ryman Hospitality Properties by 11.1% in the third quarter. Metis Global Partners LLC now owns 3,501 shares of the real estate investment trust’s stock valued at $292,000 after purchasing an additional 351 shares in the last quarter. 94.48% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Ryman Hospitality Properties

In other news, COO Patrick S. Chaffin sold 16,189 shares of the company’s stock in a transaction that occurred 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 owns 17,618 shares in the company, valued at $2,109,579.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.00% of the company’s stock.

Ryman Hospitality Properties Price Performance

Shares of NYSE RHP opened at $106.96 on Friday. Ryman Hospitality Properties, Inc. has a twelve month low of $79.86 and a twelve 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 stock has a 50 day moving average of $114.76 and a two-hundred day moving average of $106.64. The stock has a market cap of $6.41 billion, a P/E ratio of 20.65, a P/E/G ratio of 0.76 and a beta of 1.57.

Ryman Hospitality Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 4.11%. The ex-dividend date was Wednesday, March 27th. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 84.94%.

Wall Street Analyst Weigh In

RHP has been the subject of a number of research analyst reports. Truist Financial upped their price target on 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 boosted their price objective on Ryman Hospitality Properties from $125.00 to $133.00 and gave the company an “overweight” rating in a research note on Thursday, March 21st. Raymond James boosted their price objective on Ryman Hospitality Properties from $115.00 to $135.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Finally, StockNews.com upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Friday, February 23rd. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Ryman Hospitality Properties has a consensus rating of “Moderate Buy” and a consensus price target of $118.00.

Ryman Hospitality Properties 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.