Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Purchased by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA raised its position in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 1.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 19,365 shares of the real estate investment trust’s stock after purchasing an additional 221 shares during the period. Pictet Asset Management Holding SA’s holdings in Ryman Hospitality Properties were worth $2,021,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Principal Financial Group Inc. boosted its holdings in Ryman Hospitality Properties by 41.9% in the third quarter. Principal Financial Group Inc. now owns 3,153,360 shares of the real estate investment trust’s stock valued at $338,168,000 after purchasing an additional 931,283 shares during the last quarter. Cerity Partners LLC boosted its stake in shares of Ryman Hospitality Properties by 6.1% during the 3rd quarter. Cerity Partners LLC now owns 7,919 shares of the real estate investment trust’s stock valued at $849,000 after buying an additional 452 shares during the last quarter. Captrust Financial Advisors grew its position in shares of Ryman Hospitality Properties by 4.2% during the third quarter. Captrust Financial Advisors now owns 5,283 shares of the real estate investment trust’s stock worth $567,000 after buying an additional 213 shares in the last quarter. Verition Fund Management LLC bought a new stake in shares of Ryman Hospitality Properties in the third quarter worth $855,000. Finally, Janus Henderson Group PLC raised its holdings in Ryman Hospitality Properties by 30.5% in the third quarter. Janus Henderson Group PLC now owns 48,061 shares of the real estate investment trust’s stock valued at $5,150,000 after acquiring an additional 11,228 shares in the last quarter. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on RHP shares. Truist Financial dropped their target price on shares of Ryman Hospitality Properties from $133.00 to $127.00 and set a “buy” rating for the company in a research report on Friday, March 21st. StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Saturday, March 1st. BMO Capital Markets began coverage on Ryman Hospitality Properties in a report on Monday, December 9th. They set an “outperform” rating and a $133.00 target price on the stock. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $100.00 price target on shares of Ryman Hospitality Properties in a report on Friday, December 13th. Finally, Wells Fargo & Company reduced their price objective on Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $124.67.

Ryman Hospitality Properties Stock Down 1.3 %

Shares of Ryman Hospitality Properties stock opened at $84.84 on Friday. The stock has a market capitalization of $5.08 billion, a price-to-earnings ratio of 19.33, a PEG ratio of 2.71 and a beta of 1.65. Ryman Hospitality Properties, Inc. has a twelve month low of $80.47 and a twelve month high of $121.77. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 6.07. The business’s 50 day simple moving average is $98.59 and its 200-day simple moving average is $105.71.

Ryman Hospitality Properties (NYSE:RHP) last issued its earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.94. Ryman Hospitality Properties had a return on equity of 49.23% and a net margin of 11.61%. The firm had revenue of $647.63 million for the quarter, compared to analyst estimates of $656.01 million. Equities research analysts forecast 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 announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 5.42%. The ex-dividend date is Monday, March 31st. Ryman Hospitality Properties’s payout ratio is 104.78%.

Insiders Place Their Bets

In other Ryman Hospitality Properties news, Director Alvin L. Bowles, Jr. sold 473 shares of the business’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $97.03, for a total transaction of $45,895.19. Following the completion of the transaction, the director now owns 2,675 shares in the company, valued at approximately $259,555.25. The trade was a 15.03 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Colin V. Reed purchased 8,231 shares of the firm’s 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 purchase, the chairman now owns 832,260 shares of the company’s stock, 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. 3.00% of the stock is owned by insiders.

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.