Oppenheimer Asset Management Inc. Has $394,000 Stock Holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Oppenheimer Asset Management Inc. cut its position in Ryman Hospitality Properties, Inc. (NYSE:RHPFree Report) by 8.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,737 shares of the real estate investment trust’s stock after selling 459 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Ryman Hospitality Properties were worth $394,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Ryman Hospitality Properties by 4.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,494 shares of the real estate investment trust’s stock worth $204,000 after buying an additional 115 shares in the last quarter. Mariner LLC raised its holdings in shares of Ryman Hospitality Properties by 1.1% during the 4th quarter. Mariner LLC now owns 12,009 shares of the real estate investment trust’s stock worth $982,000 after buying an additional 129 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Ryman Hospitality Properties by 0.7% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 24,293 shares of the real estate investment trust’s stock worth $2,257,000 after buying an additional 160 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of Ryman Hospitality Properties by 1.0% during the 2nd quarter. Thrivent Financial for Lutherans now owns 20,825 shares of the real estate investment trust’s stock worth $1,583,000 after buying an additional 200 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its holdings in shares of Ryman Hospitality Properties by 8.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 2,568 shares of the real estate investment trust’s stock worth $239,000 after buying an additional 202 shares in the last quarter. 91.23% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, COO Patrick S. Chaffin sold 1,380 shares of the company’s stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $109.63, for a total value of $151,289.40. Following the sale, the chief operating officer now owns 33,807 shares in the company, valued at approximately $3,706,261.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Chairman Colin V. Reed sold 15,000 shares of the company’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $96.84, for a total transaction of $1,452,600.00. Following the sale, the chairman now owns 301,414 shares in the company, valued at approximately $29,188,931.76. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Patrick S. Chaffin sold 1,380 shares of the company’s stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $109.63, for a total value of $151,289.40. Following the sale, the chief operating officer now owns 33,807 shares in the company, valued at approximately $3,706,261.41. The disclosure for this sale can be found here. In the last quarter, insiders have sold 31,380 shares of company stock worth $3,054,689. Insiders own 3.30% of the company’s stock.

Ryman Hospitality Properties Trading Down 0.0 %

NYSE RHP opened at $114.56 on Friday. The business’s 50-day moving average price is $110.33 and its two-hundred day moving average price is $95.94. Ryman Hospitality Properties, Inc. has a 12 month low of $77.18 and a 12 month high of $115.56. The firm has a market capitalization of $6.84 billion, a PE ratio of 29.83, a price-to-earnings-growth ratio of 1.35 and a beta of 1.57. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 7.12.

Ryman Hospitality Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date of this dividend was Thursday, December 28th. This is a positive change from Ryman Hospitality Properties’s previous quarterly dividend of $1.00. Ryman Hospitality Properties’s payout ratio is 114.58%.

Analyst Upgrades and Downgrades

RHP has been the subject of a number of research analyst reports. Raymond James boosted their price target on Ryman Hospitality Properties from $115.00 to $135.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. JPMorgan Chase & Co. raised Ryman Hospitality Properties from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $89.00 to $102.00 in a report on Thursday, December 14th. StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Thursday, February 1st. Truist Financial upped their target price on Ryman Hospitality Properties from $124.00 to $134.00 and gave the stock a “buy” rating in a report on Friday, January 12th. Finally, Wells Fargo & Company upped their target price on Ryman Hospitality Properties from $114.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday, December 22nd. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Ryman Hospitality Properties presently has a consensus rating of “Moderate Buy” and an average target price of $116.71.

View Our Latest Stock Report on RHP

Ryman Hospitality Properties Profile

(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.

See Also

Institutional Ownership by Quarter for Ryman Hospitality Properties (NYSE:RHP)

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