Nordea Investment Management AB Grows Holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Nordea Investment Management AB lifted its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 4.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 111,201 shares of the real estate investment trust’s stock after buying an additional 4,592 shares during the quarter. Nordea Investment Management AB’s holdings in Ryman Hospitality Properties were worth $11,689,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Quarry LP acquired a new stake in Ryman Hospitality Properties during the third quarter worth approximately $28,000. SYSTM Wealth Solutions LLC acquired a new stake in shares of Ryman Hospitality Properties during the second quarter worth $32,000. Quest Partners LLC increased its stake in Ryman Hospitality Properties by 8,450.0% in the second quarter. Quest Partners LLC now owns 342 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 338 shares during the last quarter. GAMMA Investing LLC lifted its position in Ryman Hospitality Properties by 34.6% during the third quarter. GAMMA Investing LLC now owns 401 shares of the real estate investment trust’s stock worth $43,000 after buying an additional 103 shares during the period. Finally, Avior Wealth Management LLC boosted its stake in Ryman Hospitality Properties by 44.9% in the 3rd quarter. Avior Wealth Management LLC now owns 442 shares of the real estate investment trust’s stock worth $47,000 after buying an additional 137 shares during the last quarter. Institutional investors and hedge funds own 94.48% of the company’s stock.

Ryman Hospitality Properties Trading Down 1.3 %

NYSE:RHP opened at $102.50 on Thursday. The business’s 50-day moving average is $111.30 and its two-hundred day moving average is $106.25. The firm has a market capitalization of $6.14 billion, a PE ratio of 18.21, a price-to-earnings-growth ratio of 2.86 and a beta of 1.67. Ryman Hospitality Properties, Inc. has a 12 month low of $93.76 and a 12 month high of $122.91. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.73.

Ryman Hospitality Properties (NYSE:RHP) last posted its earnings results on Monday, November 4th. The real estate investment trust reported $0.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.83 by ($0.89). The company had revenue of $549.90 million during the quarter, compared to analyst estimates of $545.93 million. Ryman Hospitality Properties had a net margin of 14.84% and a return on equity of 61.94%. Ryman Hospitality Properties’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.73 EPS. Research analysts predict that Ryman Hospitality Properties, Inc. will post 8.44 earnings per share for the current fiscal year.

Ryman Hospitality Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $1.15 per share. This is a boost from Ryman Hospitality Properties’s previous quarterly dividend of $1.10. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.49%. The ex-dividend date of this dividend is Tuesday, December 31st. Ryman Hospitality Properties’s payout ratio is presently 81.71%.

Insider Activity

In other Ryman Hospitality Properties news, Director Fazal F. Merchant sold 1,269 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $113.98, for a total value of $144,640.62. Following the transaction, the director now owns 4,825 shares in the company, valued at $549,953.50. The trade was a 20.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 3.00% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. BMO Capital Markets assumed coverage on shares of Ryman Hospitality Properties in a research note on Monday, December 9th. They set an “outperform” rating and a $133.00 price objective for the company. Truist Financial increased their price target on shares of Ryman Hospitality Properties from $130.00 to $136.00 and gave the stock a “buy” rating in a research note on Monday, November 18th. Jefferies Financial Group assumed coverage on shares of Ryman Hospitality Properties in a research note on Wednesday, November 6th. They set a “buy” rating and a $130.00 price objective for the company. Wells Fargo & Company increased their target price on Ryman Hospitality Properties from $124.00 to $130.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and set a $100.00 price target on shares of Ryman Hospitality Properties in a research report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Ryman Hospitality Properties currently has a consensus rating of “Moderate Buy” and a consensus target price of $128.57.

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.