Ameriprise Financial Inc. Lowers Holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Ameriprise Financial Inc. cut its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 1.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 576,433 shares of the real estate investment trust's stock after selling 6,219 shares during the quarter. Ameriprise Financial Inc. owned about 0.96% of Ryman Hospitality Properties worth $58,883,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Barclays PLC lifted its holdings in Ryman Hospitality Properties by 238.2% in the 3rd quarter. Barclays PLC now owns 108,345 shares of the real estate investment trust's stock valued at $11,619,000 after acquiring an additional 76,311 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in Ryman Hospitality Properties by 2.6% during the fourth quarter. Harbor Capital Advisors Inc. now owns 50,144 shares of the real estate investment trust's stock worth $5,232,000 after acquiring an additional 1,251 shares during the period. Hamlin Capital Management LLC bought a new stake in Ryman Hospitality Properties in the fourth quarter valued at about $65,142,000. Janney Montgomery Scott LLC grew its position in Ryman Hospitality Properties by 46.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 4,269 shares of the real estate investment trust's stock worth $445,000 after acquiring an additional 1,346 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in Ryman Hospitality Properties by 23.4% in the fourth quarter. Blue Trust Inc. now owns 845 shares of the real estate investment trust's stock valued at $91,000 after acquiring an additional 160 shares during the last quarter. 94.48% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Wedbush set a $110.00 price target on shares of Ryman Hospitality Properties and gave the stock an "outperform" rating in a research note on Tuesday, May 6th. Truist Financial cut their target price on 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. Jefferies Financial Group cut their price target on Ryman Hospitality Properties from $118.00 to $100.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Evercore ISI decreased their price target on Ryman Hospitality Properties from $130.00 to $120.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Finally, Wells Fargo & Company lowered their target price 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 assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Ryman Hospitality Properties has a consensus rating of "Moderate Buy" and a consensus target price of $116.00.

Ryman Hospitality Properties Stock Down 0.9%

NYSE RHP traded down $0.93 during trading hours on Tuesday, hitting $100.37. The company had a trading volume of 697,767 shares, compared to its average volume of 620,336. The firm's 50 day moving average is $90.78 and its 200 day moving average is $101.50. Ryman Hospitality Properties, Inc. has a fifty-two week low of $76.27 and a fifty-two week high of $121.77. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.73. The company has a market capitalization of $6.02 billion, a price-to-earnings ratio of 22.86, a P/E/G ratio of 2.71 and a beta of 1.55.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $2.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.79 by $0.29. Ryman Hospitality Properties had a net margin of 11.61% and a return on equity of 49.23%. The company had revenue of $587.28 million for the quarter, compared to analysts' expectations of $546.52 million. During the same quarter in the previous year, the company posted $1.60 EPS. The business's revenue was up 11.2% compared to the same quarter last year. Sell-side analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a $1.15 dividend. The ex-dividend date is Monday, June 30th. This represents a $4.60 dividend on an annualized basis and a yield of 4.58%. Ryman Hospitality Properties's dividend payout ratio is presently 97.46%.

Insider Activity at Ryman Hospitality Properties

In related news, Director Alvin L. Bowles, Jr. sold 473 shares of Ryman Hospitality Properties stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $97.03, for a total value of $45,895.19. Following the sale, the director now owns 2,675 shares in the company, valued at $259,555.25. The trade was a 15.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Colin V. Reed acquired 8,231 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was acquired at an average cost of $97.54 per share, for a total transaction of $802,851.74. Following the completion of the transaction, the chairman now directly owns 832,260 shares in the company, valued at $81,178,640.40. This represents a 1.00% increase in their position. The disclosure for this purchase can be found here. 5.00% of the stock is owned by insiders.

Ryman Hospitality Properties Company 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.