Copeland Capital Management LLC Lowers Stock Holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Copeland Capital Management LLC decreased its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 4.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 322,323 shares of the real estate investment trust's stock after selling 14,841 shares during the quarter. Copeland Capital Management LLC owned approximately 0.54% of Ryman Hospitality Properties worth $29,473,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. DigitalBridge Group Inc. purchased a new position in shares of Ryman Hospitality Properties during the fourth quarter worth about $12,218,000. Bank of Montreal Can grew its holdings in shares of Ryman Hospitality Properties by 119.4% during the fourth quarter. Bank of Montreal Can now owns 50,846 shares of the real estate investment trust's stock worth $5,305,000 after purchasing an additional 27,672 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Ryman Hospitality Properties by 87.3% during the fourth quarter. Victory Capital Management Inc. now owns 547,639 shares of the real estate investment trust's stock worth $57,141,000 after buying an additional 255,229 shares during the period. Inscription Capital LLC acquired a new stake in shares of Ryman Hospitality Properties during the first quarter worth about $594,000. Finally, Integrated Quantitative Investments LLC acquired a new stake in shares of Ryman Hospitality Properties during the fourth quarter worth about $336,000. Hedge funds and other institutional investors own 94.48% of the company's stock.

Insider Activity

In related news, Director Alvin L. Bowles, Jr. sold 1,300 shares of the company's stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $99.01, for a total value of $128,713.00. Following the sale, the director now owns 2,576 shares of the company's stock, valued at approximately $255,049.76. This represents a 33.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Colin V. Reed bought 8,356 shares of Ryman Hospitality Properties stock in a transaction that occurred on Monday, June 9th. The stock was bought at an average cost of $96.92 per share, for a total transaction of $809,863.52. Following the purchase, the chairman now owns 870,406 shares in the company, valued at $84,359,749.52. This represents a 0.97% increase in their position. The disclosure for this purchase can be found here. Insiders own 5.00% of the company's stock.

Ryman Hospitality Properties Stock Performance

NYSE:RHP traded up $0.47 during mid-day trading on Friday, reaching $100.58. The stock had a trading volume of 628,894 shares, compared to its average volume of 661,884. The company has a debt-to-equity ratio of 5.92, a quick ratio of 1.55 and a current ratio of 1.55. The firm has a market capitalization of $6.03 billion, a price-to-earnings ratio of 21.31, a PEG ratio of 2.74 and a beta of 1.58. Ryman Hospitality Properties, Inc. has a twelve month low of $76.27 and a twelve month high of $121.77. The business has a 50 day simple moving average of $95.55 and a 200 day simple moving average of $97.68.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.79 by $0.29. Ryman Hospitality Properties had a net margin of 12.16% and a return on equity of 51.95%. The company had revenue of $587.28 million during the quarter, compared to the consensus estimate of $546.52 million. During the same period last year, the firm earned $1.60 EPS. The company's revenue for the quarter was up 11.2% on a year-over-year basis. On average, analysts expect that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a dividend of $1.15 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.57%. Ryman Hospitality Properties's payout ratio is 97.46%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on RHP. Wedbush set a $110.00 target price on shares of Ryman Hospitality Properties and gave the stock an "outperform" rating in a research note on Tuesday, May 6th. Evercore ISI decreased 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 research note on Monday, April 28th. Wells Fargo & Company reiterated an "overweight" rating and set a $101.00 target price (up previously from $99.00) on shares of Ryman Hospitality Properties in a research note on Thursday, May 22nd. JPMorgan Chase & Co. began coverage on shares of Ryman Hospitality Properties in a research note on Monday, June 23rd. They set an "overweight" rating and a $117.00 target price for the company. Finally, Wall Street Zen upgraded shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research note on Saturday, March 1st. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $114.43.

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.