DekaBank Deutsche Girozentrale Acquires 8,945 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

DekaBank Deutsche Girozentrale increased its position in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 29.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,448 shares of the real estate investment trust's stock after buying an additional 8,945 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.07% of Ryman Hospitality Properties worth $4,336,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Harbour Capital Advisors LLC lifted its holdings 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 valued at $1,482,000 after purchasing an additional 115 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings 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 valued at $204,000 after purchasing an additional 115 shares during the last quarter. Mariner LLC lifted its holdings 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 valued at $982,000 after purchasing an additional 129 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings 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 valued at $2,257,000 after purchasing an additional 160 shares during the last quarter. Finally, Covestor Ltd lifted its holdings 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 valued at $101,000 after purchasing an additional 163 shares during the last quarter. 94.48% of the stock is owned by hedge funds and other institutional investors.

Ryman Hospitality Properties Stock Down 1.5 %

RHP stock traded down $1.68 during mid-day trading on Friday, hitting $111.05. The stock had a trading volume of 393,356 shares, compared to its average volume of 422,270. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 5.90. Ryman Hospitality Properties, Inc. has a 1-year low of $79.86 and a 1-year high of $122.91. The company has a fifty day moving average of $116.10 and a 200 day moving average of $105.14. The stock has a market capitalization of $6.65 billion, a price-to-earnings ratio of 21.44, a PEG ratio of 0.79 and a beta of 1.57.

Ryman Hospitality Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 29th will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 3.96%. The ex-dividend date of this dividend is Wednesday, March 27th. Ryman Hospitality Properties's payout ratio is currently 84.94%.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 3.30% 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.