M&T Bank Corp Increases Stock Holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP)

M&T Bank Corp boosted its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 6.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 5,681 shares of the real estate investment trust’s stock after buying an additional 348 shares during the period. M&T Bank Corp’s holdings in Ryman Hospitality Properties were worth $609,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Principal Financial Group Inc. grew its stake in shares of Ryman Hospitality Properties by 41.9% during 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 buying an additional 931,283 shares during the last quarter. American Century Companies Inc. grew its position in Ryman Hospitality Properties by 0.8% in the 2nd quarter. American Century Companies Inc. now owns 1,586,256 shares of the real estate investment trust’s stock valued at $158,404,000 after acquiring an additional 12,058 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in Ryman Hospitality Properties by 264.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,199,392 shares of the real estate investment trust’s stock worth $119,771,000 after purchasing an additional 870,081 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Ryman Hospitality Properties by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 964,315 shares of the real estate investment trust’s stock worth $103,413,000 after purchasing an additional 6,289 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Ryman Hospitality Properties by 1.0% during the second quarter. Dimensional Fund Advisors LP now owns 820,639 shares of the real estate investment trust’s stock valued at $81,947,000 after purchasing an additional 8,469 shares during the period. 94.48% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Alvin L. Bowles, Jr. sold 900 shares of the business’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $107.32, for a total transaction of $96,588.00. Following the transaction, the director now directly owns 3,148 shares in the company, valued at $337,843.36. The trade was a 22.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Fazal F. Merchant sold 1,269 shares of the company’s stock in a transaction dated 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 directly owns 4,825 shares in the company, valued at $549,953.50. This represents a 20.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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

Ryman Hospitality Properties Stock Down 0.6 %

Shares of NYSE RHP opened at $110.75 on Wednesday. Ryman Hospitality Properties, Inc. has a 12-month low of $93.76 and a 12-month high of $122.91. The stock’s fifty day simple moving average is $112.64 and its two-hundred day simple moving average is $105.76. The stock has a market capitalization of $6.63 billion, a PE ratio of 19.54, a price-to-earnings-growth ratio of 2.95 and a beta of 1.65. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 6.07.

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

Ryman Hospitality Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $1.15 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.15%. This is an increase from Ryman Hospitality Properties’s previous quarterly dividend of $1.10. Ryman Hospitality Properties’s payout ratio is presently 81.71%.

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.