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

Diamond Hill Capital Management Inc. lowered its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 1.9% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 559,497 shares of the real estate investment trust's stock after selling 11,047 shares during the quarter. Diamond Hill Capital Management Inc. owned about 0.93% of Ryman Hospitality Properties worth $51,160,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Heck Capital Advisors LLC acquired a new position in Ryman Hospitality Properties in the fourth quarter valued at about $31,000. Fifth Third Bancorp boosted its position in shares of Ryman Hospitality Properties by 175.6% during the 1st quarter. Fifth Third Bancorp now owns 576 shares of the real estate investment trust's stock worth $53,000 after acquiring an additional 367 shares in the last quarter. CWM LLC boosted its position in shares of Ryman Hospitality Properties by 213.4% during the 1st quarter. CWM LLC now owns 724 shares of the real estate investment trust's stock worth $66,000 after acquiring an additional 493 shares in the last quarter. Covestor Ltd increased its stake in Ryman Hospitality Properties by 33.3% in the fourth quarter. Covestor Ltd now owns 829 shares of the real estate investment trust's stock valued at $87,000 after acquiring an additional 207 shares during the last quarter. Finally, FIL Ltd raised its position in Ryman Hospitality Properties by 44.5% during the fourth quarter. FIL Ltd now owns 929 shares of the real estate investment trust's stock valued at $97,000 after purchasing an additional 286 shares in the last quarter. 94.48% of the stock is owned by institutional investors.

Analysts Set New Price Targets

RHP has been the topic of a number of research analyst reports. JPMorgan Chase & Co. started coverage on shares of Ryman Hospitality Properties in a research report on Monday, June 23rd. They issued an "overweight" rating and a $117.00 target price on the stock. 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 report on Monday, April 28th. Wells Fargo & Company lifted their price objective on Ryman Hospitality Properties from $101.00 to $108.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. Wedbush set a $110.00 price objective on shares of Ryman Hospitality Properties and gave the company an "outperform" rating in a research note on Tuesday, May 6th. Finally, Bank of America lifted their price target on shares of Ryman Hospitality Properties from $105.00 to $110.00 and gave the company a "buy" rating in a research note on Monday. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $114.75.

Ryman Hospitality Properties Stock Down 1.4%

Shares of NYSE:RHP traded down $1.45 during mid-day trading on Thursday, hitting $98.74. 391,340 shares of the company traded hands, compared to its average volume of 563,417. The stock has a market cap of $5.92 billion, a P/E ratio of 20.92, a P/E/G ratio of 2.29 and a beta of 1.57. The stock has a 50-day moving average price of $99.13 and a two-hundred day moving average price of $97.16. Ryman Hospitality Properties, Inc. has a 12-month low of $76.27 and a 12-month high of $121.77. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 5.92.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last released its earnings results on Thursday, May 1st. The real estate investment trust reported $2.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.79 by $0.29. The company had revenue of $587.28 million during the quarter, compared to analyst estimates of $546.52 million. Ryman Hospitality Properties had a return on equity of 51.95% and a net margin of 12.16%. Ryman Hospitality Properties's quarterly revenue was up 11.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.60 earnings per share. On average, equities research analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current year.

Ryman Hospitality Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a dividend of $1.15 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $4.60 dividend on an annualized basis and a yield of 4.66%. Ryman Hospitality Properties's dividend payout ratio (DPR) is presently 97.46%.

Insider Activity

In other news, Chairman Colin V. Reed bought 8,356 shares of the stock in a transaction on Monday, June 9th. The shares were purchased at an average cost of $96.92 per share, for a total transaction of $809,863.52. Following the completion of the purchase, the chairman directly owned 870,406 shares in the company, valued at $84,359,749.52. This represents a 0.97% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Alvin L. Bowles, Jr. sold 1,300 shares of the company's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $99.01, for a total transaction of $128,713.00. Following the sale, the director directly owned 2,576 shares in the company, valued at approximately $255,049.76. This trade represents a 33.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.00% of the company's stock.

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.