The Manufacturers Life Insurance Company Has $3.47 Million Stake in Ryman Hospitality Properties, Inc. (NYSE:RHP)

The Manufacturers Life Insurance Company reduced its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 3.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,295 shares of the real estate investment trust’s stock after selling 1,296 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.06% of Ryman Hospitality Properties worth $3,474,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Heck Capital Advisors LLC acquired a new position in shares of Ryman Hospitality Properties in the 4th quarter valued at approximately $31,000. Harvest Fund Management Co. Ltd bought a new stake in Ryman Hospitality Properties during the fourth quarter worth $72,000. Venturi Wealth Management LLC acquired a new stake in shares of Ryman Hospitality Properties in the 4th quarter valued at $83,000. Covestor Ltd increased its stake in shares of Ryman Hospitality Properties by 33.3% in the 4th quarter. Covestor Ltd now owns 829 shares of the real estate investment trust’s stock valued at $87,000 after purchasing an additional 207 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of Ryman Hospitality Properties by 23.4% during the 4th quarter. Blue Trust Inc. now owns 845 shares of the real estate investment trust’s stock worth $91,000 after buying an additional 160 shares in the last quarter. Institutional investors and hedge funds own 94.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on RHP. Wedbush set a $110.00 target price on Ryman Hospitality Properties and gave the company an “outperform” rating in a research report on Tuesday. StockNews.com raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Saturday, March 1st. Truist Financial dropped their price objective on shares of Ryman Hospitality Properties from $133.00 to $127.00 and set a “buy” rating for the company in a research note on Friday, March 21st. Jefferies Financial Group decreased their target price on shares of Ryman Hospitality Properties from $118.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, April 9th. Finally, Wells Fargo & Company dropped their price target on Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating for the company in a research note on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $116.00.

Insider Transactions at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, 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 transaction of $45,895.19. Following the sale, the director now owns 2,675 shares of the company’s stock, valued at approximately $259,555.25. This represents a 15.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Colin V. Reed acquired 8,231 shares of the stock in a transaction dated Wednesday, February 26th. The stock was acquired at an average cost of $97.54 per share, with a total value of $802,851.74. Following the completion of the transaction, the chairman now owns 832,260 shares in the company, valued at approximately $81,178,640.40. This represents a 1.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 5.00% of the company’s stock.

Ryman Hospitality Properties Price Performance

Shares of NYSE:RHP opened at $97.21 on Friday. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.73 and a current ratio of 1.73. Ryman Hospitality Properties, Inc. has a 52 week low of $76.27 and a 52 week high of $121.77. The firm has a market cap of $5.83 billion, a PE ratio of 22.14, a price-to-earnings-growth ratio of 2.71 and a beta of 1.55. The firm’s fifty day moving average is $90.68 and its 200-day moving average is $101.62.

Ryman Hospitality Properties (NYSE:RHP) last released its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $2.08 EPS for the quarter, beating analysts’ consensus estimates of $1.79 by $0.29. The firm had revenue of $587.28 million for the quarter, compared to analyst estimates of $546.52 million. Ryman Hospitality Properties had a return on equity of 49.23% and a net margin of 11.61%. The business’s revenue was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.60 EPS. Sell-side analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current year.

Ryman Hospitality Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.73%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is currently 97.46%.

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.