Janus Henderson Group PLC Has $52.46 Million Stock Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Janus Henderson Group PLC increased its position in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 946.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 502,983 shares of the real estate investment trust's stock after acquiring an additional 454,922 shares during the period. Janus Henderson Group PLC owned approximately 0.84% of Ryman Hospitality Properties worth $52,455,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently modified their holdings of RHP. Principal Financial Group Inc. grew its holdings in Ryman Hospitality Properties by 3.2% in the 4th quarter. Principal Financial Group Inc. now owns 3,254,693 shares of the real estate investment trust's stock valued at $339,596,000 after buying an additional 101,333 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Ryman Hospitality Properties by 10.7% during the fourth quarter. JPMorgan Chase & Co. now owns 1,439,719 shares of the real estate investment trust's stock worth $150,220,000 after purchasing an additional 138,771 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Ryman Hospitality Properties by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 979,176 shares of the real estate investment trust's stock valued at $102,167,000 after acquiring an additional 14,861 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Ryman Hospitality Properties by 2.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 853,251 shares of the real estate investment trust's stock valued at $89,028,000 after acquiring an additional 24,439 shares during the period. Finally, Deutsche Bank AG raised its stake in Ryman Hospitality Properties by 4.0% during the 4th quarter. Deutsche Bank AG now owns 852,624 shares of the real estate investment trust's stock valued at $88,963,000 after acquiring an additional 32,518 shares during the last quarter. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

RHP has been the topic of several research reports. Evercore ISI lowered their target price on Ryman Hospitality Properties from $130.00 to $120.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. StockNews.com raised Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research report on Saturday, March 1st. Wedbush set a $110.00 price target on Ryman Hospitality Properties and gave the company an "outperform" rating in a report on Tuesday, May 6th. Truist Financial cut their target price on shares of Ryman Hospitality Properties from $133.00 to $127.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. Finally, Wells Fargo & Company lowered their target price on shares of Ryman Hospitality Properties from $130.00 to $122.00 and set an "overweight" rating for the company in a research note on Tuesday, February 18th. One research 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's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $116.00.

Ryman Hospitality Properties Stock Performance

Shares of NYSE:RHP traded down $0.38 during midday trading on Monday, hitting $98.63. The company's stock had a trading volume of 52,247 shares, compared to its average volume of 620,954. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.73 and a current ratio of 1.73. The stock's 50 day simple moving average is $90.84 and its 200 day simple moving average is $101.23. The stock has a market capitalization of $5.92 billion, a price-to-earnings ratio of 22.49, a PEG ratio of 2.71 and a beta of 1.55. Ryman Hospitality Properties, Inc. has a fifty-two week low of $76.27 and a fifty-two week high of $121.77.

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, 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 analyst estimates of $546.52 million. During the same period last year, the business posted $1.60 EPS. The business's quarterly revenue was up 11.2% on a year-over-year basis. As a group, research analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current year.

Ryman Hospitality Properties Announces Dividend

The firm also recently announced 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 is Monday, June 30th. This represents a $4.60 annualized dividend and a dividend yield of 4.66%. Ryman Hospitality Properties's dividend payout ratio (DPR) is currently 97.46%.

Insider Buying and Selling

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