Peregrine Capital Management LLC Lowers Stake in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Peregrine Capital Management LLC decreased its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 23.2% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 83,745 shares of the real estate investment trust's stock after selling 25,318 shares during the period. Peregrine Capital Management LLC owned approximately 0.14% of Ryman Hospitality Properties worth $9,217,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Harbour Capital Advisors LLC increased its position in shares of Ryman Hospitality Properties by 0.9% during the fourth quarter. Harbour Capital Advisors LLC now owns 13,440 shares of the real estate investment trust's stock worth $1,482,000 after purchasing an additional 115 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Ryman Hospitality Properties by 4.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,494 shares of the real estate investment trust's stock worth $204,000 after purchasing an additional 115 shares in the last quarter. Mariner LLC increased its position in shares of Ryman Hospitality Properties by 1.1% during the fourth quarter. Mariner LLC now owns 12,009 shares of the real estate investment trust's stock worth $982,000 after purchasing an additional 129 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its position in shares of Ryman Hospitality Properties by 0.7% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 24,293 shares of the real estate investment trust's stock worth $2,257,000 after purchasing an additional 160 shares in the last quarter. Finally, Covestor Ltd increased its position in shares of Ryman Hospitality Properties by 15.5% during the third quarter. Covestor Ltd now owns 1,218 shares of the real estate investment trust's stock worth $101,000 after purchasing an additional 163 shares in the last quarter. Hedge funds and other institutional investors own 94.48% of the company's stock.

Ryman Hospitality Properties Trading Down 3.0 %

Shares of NYSE RHP traded down $3.42 during mid-day trading on Wednesday, reaching $112.34. 437,277 shares of the company's stock were exchanged, compared to its average volume of 423,476. The firm has a market capitalization of $6.73 billion, a price-to-earnings ratio of 21.69, a PEG ratio of 0.82 and a beta of 1.57. The company has a debt-to-equity ratio of 5.90, a quick ratio of 1.97 and a current ratio of 1.97. Ryman Hospitality Properties, Inc. has a 52-week low of $79.86 and a 52-week high of $122.91. The company's 50-day moving average is $116.16 and its 200-day moving average is $104.88.

Ryman Hospitality Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 3.92%. The ex-dividend date of this dividend is Wednesday, March 27th. Ryman Hospitality Properties's payout ratio is 84.94%.

Analysts Set New Price Targets

Several analysts have issued reports on RHP shares. Raymond James upped their target price on Ryman Hospitality Properties from $115.00 to $135.00 and gave the company an "outperform" rating in a report on Friday, February 2nd. Truist Financial upped their target price on Ryman Hospitality Properties from $134.00 to $135.00 and gave the company a "buy" rating in a report on Thursday, March 14th. JPMorgan Chase & Co. upgraded Ryman Hospitality Properties from an "underweight" rating to a "neutral" rating and upped their target price for the company from $89.00 to $102.00 in a report on Thursday, December 14th. Wells Fargo & Company upped their target price on Ryman Hospitality Properties from $125.00 to $133.00 and gave the company an "overweight" rating in a report on Thursday, March 21st. Finally, StockNews.com upgraded Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a report on Friday, February 23rd. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $118.00.

Insider Buying and Selling

In related news, COO Patrick S. Chaffin sold 16,189 shares of the stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $119.74, for a total transaction of $1,938,470.86. Following the transaction, the chief operating officer now owns 17,618 shares of the company's stock, valued at approximately $2,109,579.32. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 3.30% of the stock is owned by corporate insiders.

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.