Bamco Inc. NY Decreases Stock Holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Bamco Inc. NY lessened its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 26.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,297 shares of the real estate investment trust's stock after selling 11,176 shares during the quarter. Bamco Inc. NY owned approximately 0.05% of Ryman Hospitality Properties worth $3,266,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of RHP. Heck Capital Advisors LLC acquired a new stake in Ryman Hospitality Properties during the 4th quarter worth $31,000. Harvest Fund Management Co. Ltd purchased a new position in shares of Ryman Hospitality Properties during the fourth quarter worth about $72,000. Venturi Wealth Management LLC acquired a new stake in shares of Ryman Hospitality Properties during the fourth quarter worth about $83,000. Covestor Ltd lifted its holdings in shares of Ryman Hospitality Properties by 33.3% in the 4th quarter. Covestor Ltd now owns 829 shares of the real estate investment trust's stock valued at $87,000 after purchasing an additional 207 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in shares of Ryman Hospitality Properties by 23.4% in the 4th quarter. Blue Trust Inc. now owns 845 shares of the real estate investment trust's stock valued at $91,000 after purchasing an additional 160 shares during the period. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Ryman Hospitality Properties Price Performance

Shares of NYSE:RHP opened at $94.88 on Tuesday. Ryman Hospitality Properties, Inc. has a 52 week low of $76.27 and a 52 week high of $121.77. The company has a 50-day moving average price of $90.82 and a 200 day moving average price of $101.87. The company has a market cap of $5.69 billion, a P/E ratio of 21.61, a PEG ratio of 2.71 and a beta of 1.38. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 6.07.

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

Ryman Hospitality Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a dividend of $1.15 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $4.60 annualized dividend and a yield of 4.85%. Ryman Hospitality Properties's dividend payout ratio (DPR) is currently 104.78%.

Analysts Set New Price Targets

Several research firms have commented on RHP. Wells Fargo & Company cut their price target on Ryman Hospitality Properties from $130.00 to $122.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 18th. StockNews.com upgraded shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research report on Saturday, March 1st. Truist Financial lowered their price objective on shares of Ryman Hospitality Properties from $133.00 to $127.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. Evercore ISI reduced their target price on shares of 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, Jefferies Financial Group lowered 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. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $119.71.

Insider Buying and Selling

In other news, Chairman Colin V. Reed acquired 8,231 shares of the firm's stock in a transaction on Wednesday, February 26th. The stock was bought at an average cost of $97.54 per share, with a total value of $802,851.74. Following the transaction, the chairman now directly owns 832,260 shares in the company, valued at approximately $81,178,640.40. This represents a 1.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Alvin L. Bowles, Jr. sold 473 shares of the firm's stock in a transaction that occurred 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 sale, the director now directly owns 2,675 shares of the company's stock, valued at $259,555.25. The trade was a 15.03 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.00% of the company's stock.

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.

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