Charles Schwab Investment Management Inc. Buys 62,322 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Charles Schwab Investment Management Inc. raised its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHPFree Report) by 6.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,021,858 shares of the real estate investment trust’s stock after buying an additional 62,322 shares during the period. Charles Schwab Investment Management Inc. owned about 1.71% of Ryman Hospitality Properties worth $85,100,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in RHP. BlackRock Inc. lifted its holdings in Ryman Hospitality Properties by 5.8% in the 2nd quarter. BlackRock Inc. now owns 6,252,807 shares of the real estate investment trust’s stock worth $581,011,000 after buying an additional 344,475 shares during the period. State Street Corp lifted its stake in Ryman Hospitality Properties by 4.6% in the second quarter. State Street Corp now owns 2,765,963 shares of the real estate investment trust’s stock worth $259,714,000 after acquiring an additional 121,348 shares during the period. Goldman Sachs Group Inc. lifted its stake in Ryman Hospitality Properties by 16.1% in the first quarter. Goldman Sachs Group Inc. now owns 2,071,299 shares of the real estate investment trust’s stock worth $192,155,000 after acquiring an additional 287,880 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Ryman Hospitality Properties by 2.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,620,046 shares of the real estate investment trust’s stock worth $150,535,000 after purchasing an additional 41,401 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of Ryman Hospitality Properties by 6.7% in the 2nd quarter. Geode Capital Management LLC now owns 1,228,202 shares of the real estate investment trust’s stock worth $114,125,000 after purchasing an additional 77,304 shares during the period. Hedge funds and other institutional investors own 91.23% of the company’s stock.

Ryman Hospitality Properties Stock Down 0.0 %

Shares of Ryman Hospitality Properties stock opened at $114.56 on Monday. The company has a debt-to-equity ratio of 7.12, a quick ratio of 1.83 and a current ratio of 1.83. The stock 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. Ryman Hospitality Properties, Inc. has a 52-week low of $77.18 and a 52-week high of $115.56. The company has a 50-day simple moving average of $110.33 and a two-hundred day simple moving average of $95.99.

Ryman Hospitality Properties Increases Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Truist Financial raised their target price on shares of Ryman Hospitality Properties from $124.00 to $134.00 and gave the stock a “buy” rating in a research report on Friday, January 12th. Raymond James raised their target price 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. StockNews.com upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Thursday, February 1st. Wells Fargo & Company raised their target price on Ryman Hospitality Properties from $114.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday, December 22nd. Finally, JPMorgan Chase & Co. raised Ryman Hospitality Properties from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $89.00 to $102.00 in a research report on Thursday, December 14th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Ryman Hospitality Properties currently has a consensus rating of “Moderate Buy” and a consensus target price of $116.71.

Get Our Latest Analysis on Ryman Hospitality Properties

Insiders Place Their Bets

In other Ryman Hospitality Properties news, Chairman Colin V. Reed sold 15,000 shares of the business’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $96.72, for a total transaction of $1,450,800.00. Following the completion of the sale, the chairman now directly owns 764,614 shares in the company, valued at approximately $73,953,466.08. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, 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 transaction of $151,289.40. Following the completion of the sale, the chief operating officer now owns 33,807 shares of the company’s stock, valued at approximately $3,706,261.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Colin V. Reed sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $96.72, for a total transaction of $1,450,800.00. Following the sale, the chairman now directly owns 764,614 shares of the company’s stock, valued at $73,953,466.08. The disclosure for this sale can be found here. In the last 90 days, insiders sold 31,380 shares of company stock valued at $3,054,689. 3.30% of the stock is owned by insiders.

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.

Read More

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

Receive News & Ratings for Ryman Hospitality Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ryman Hospitality Properties and related companies with MarketBeat.com's FREE daily email newsletter.