Daiwa Securities Group Inc. Lowers Stake in Ryman Hospitality Properties, Inc. $RHP

Daiwa Securities Group Inc. lowered its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 5.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 843,888 shares of the real estate investment trust’s stock after selling 46,302 shares during the quarter. Daiwa Securities Group Inc. owned 1.34% of Ryman Hospitality Properties worth $79,849,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd raised its position in shares of Ryman Hospitality Properties by 61.7% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 296 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 113 shares in the last quarter. Norinchukin Bank The raised its position in shares of Ryman Hospitality Properties by 4.2% during the 3rd quarter. Norinchukin Bank The now owns 2,978 shares of the real estate investment trust’s stock valued at $267,000 after buying an additional 119 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Ryman Hospitality Properties by 11.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,311 shares of the real estate investment trust’s stock valued at $117,000 after buying an additional 130 shares in the last quarter. Lido Advisors LLC raised its position in shares of Ryman Hospitality Properties by 3.1% during the 4th quarter. Lido Advisors LLC now owns 4,332 shares of the real estate investment trust’s stock valued at $397,000 after buying an additional 132 shares in the last quarter. Finally, Dakota Wealth Management raised its position in shares of Ryman Hospitality Properties by 1.5% during the 3rd quarter. Dakota Wealth Management now owns 9,015 shares of the real estate investment trust’s stock valued at $808,000 after buying an additional 135 shares in the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on RHP. Weiss Ratings cut shares of Ryman Hospitality Properties from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Evercore reiterated an “outperform” rating and issued a $115.00 target price on shares of Ryman Hospitality Properties in a research report on Friday, February 6th. Wells Fargo & Company lifted their target price on shares of Ryman Hospitality Properties from $114.00 to $126.00 and gave the stock an “overweight” rating in a research report on Monday. Truist Financial lifted their target price on shares of Ryman Hospitality Properties from $129.00 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Ryman Hospitality Properties from $111.00 to $113.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. Nine analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $120.33.

Ryman Hospitality Properties Price Performance

RHP stock opened at $117.15 on Friday. The firm’s 50-day moving average price is $104.27 and its two-hundred day moving average price is $98.87. Ryman Hospitality Properties, Inc. has a 12-month low of $83.82 and a 12-month high of $117.67. The stock has a market capitalization of $7.39 billion, a price-to-earnings ratio of 30.91, a PEG ratio of 2.64 and a beta of 1.22. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 5.15.

Ryman Hospitality Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be given a $1.20 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 4.1%. Ryman Hospitality Properties’s payout ratio is presently 126.65%.

About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc is a publicly traded real estate investment trust (REIT) specializing in the ownership and operation of group‐oriented, large convention center hotel resorts. The company’s portfolio is anchored by its Gaylord Hotels brand, offering integrated resort, convention, entertainment and dining experiences under long‐term management agreements with Marriott International.

Ryman’s flagship properties include Gaylord Opryland Resort & Convention Center in Nashville, Gaylord Texan Resort & Convention Center near Dallas/Fort Worth and Gaylord Palms Resort & Convention Center in Orlando, Florida.