Ryman Hospitality Properties, Inc. (RHP)

Mitsubishi UFJ Asset Management Co. Ltd. Purchases 595 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP – Free Report) by 1.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,525 shares of the real estate investment trust’s stock after acquiring an additional 595 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.06% of Ryman Hospitality Properties worth $4,027,000 at the end of the most recent quarter. A number of other hedge funds and other institutional investors have also recently bought and sold shares of RHP. Vanguard Group Inc. increased its stake in shares of Ryman Hospitality Properties by 2.7% in the third quarter. Vanguard Group Inc. now owns 8,307,026 shares of the real estate investment trust’s stock valued at $691,809,000 after buying an additional 216,137 shares in the last quarter. FMR LLC raised its position in shares of Ryman Hospitality Properties by 2.9% during the 3rd quarter. FMR LLC now owns 4,097,388 shares of the real estate investment trust’s stock valued at $341,230,000 after acquiring an additional 114,451 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Ryman Hospitality Properties by 5.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,713,128 shares of the real estate investment trust’s stock worth $142,669,000 after purchasing an additional 93,082 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Ryman Hospitality Properties by 6.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,021,858 shares of the real estate investment trust’s stock worth $85,100,000 after purchasing an additional 62,322 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in Ryman Hospitality Properties by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 793,244 shares of the real estate investment trust’s stock valued at $87,305,000 after purchasing an additional 11,490 shares during the last quarter. 94.48% of the stock is owned by institutional investors and hedge funds. Analyst Upgrades and Downgrades A number of brokerages have recently commented on RHP. 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 research note on Thursday, March 14th. Wells Fargo & Company lifted their price objective on Ryman Hospitality Properties from $125.00 to $133.00 and gave the company an “overweight” rating in a report on Thursday, March 21st. StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, May 14th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Ryman Hospitality Properties from $141.00 to $136.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Finally, Raymond James upped 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. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $119.00. Check Out Our Latest Analysis on RHP Insider Transactions at Ryman Hospitality Properties In related news, COO Patrick S. Chaffin sold 16,189 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief operating officer now directly owns 17,618 shares in the company, valued at approximately $2,109,579.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Ryman Hospitality Properties 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Colin V. Reed bought 13,800 shares of Ryman Hospitality Properties stock in a transaction dated Tuesday, May 7th. The shares were acquired at an average price of $106.40 per share, with a total value of $1,468,320.00. Following the completion of the purchase, the chairman now directly owns 819,143 shares in the company, valued at approximately $87,156,815.20. The disclosure for this purchase can be found here. 3.00% of the stock is owned by company insiders. Ryman Hospitality Properties Trading Down 1.3 % Ryman Hospitality Properties stock opened at $105.37 on Monday. The company has a debt-to-equity ratio of 6.33, a current ratio of 1.99 and a quick ratio of 1.99. The firm has a 50-day moving average of $110.74 and a 200-day moving average of $109.25. The company has a market cap of $6.31 billion, a price-to-earnings ratio of 21.82, a P/E/G ratio of 2.20 and a beta of 1.59. Ryman Hospitality Properties, Inc. has a one year low of $79.86 and a one year high of $122.91. Ryman Hospitality Properties Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date of this dividend is Friday, June 28th. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 91.10%. About Ryman Hospitality Properties (Free Report) 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.