Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Sold by Strs Ohio

Strs Ohio reduced its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 24.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 74,124 shares of the real estate investment trust's stock after selling 23,600 shares during the quarter. Strs Ohio owned 0.12% of Ryman Hospitality Properties worth $8,158,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. KB Financial Partners LLC bought a new position in shares of Ryman Hospitality Properties during the first quarter valued at about $25,000. Lazard Asset Management LLC grew its stake in shares of Ryman Hospitality Properties by 667.4% in the first quarter. Lazard Asset Management LLC now owns 330 shares of the real estate investment trust's stock worth $30,000 after purchasing an additional 287 shares during the last quarter. Quarry LP grew its stake in shares of Ryman Hospitality Properties by 110.8% in the first quarter. Quarry LP now owns 430 shares of the real estate investment trust's stock worth $39,000 after purchasing an additional 226 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake in shares of Ryman Hospitality Properties by 118.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 517 shares of the real estate investment trust's stock worth $42,000 after purchasing an additional 280 shares during the last quarter. Finally, First Manhattan CO. LLC. bought a new stake in shares of Ryman Hospitality Properties in the first quarter worth about $71,000. 94.48% of the stock is owned by institutional investors.

Ryman Hospitality Properties Price Performance

Shares of RHP traded down $1.81 during midday trading on Thursday, hitting $104.58. 624,278 shares of the company traded hands, compared to its average volume of 427,466. The firm has a 50 day moving average of $115.74 and a 200-day moving average of $105.84. Ryman Hospitality Properties, Inc. has a 52 week low of $79.86 and a 52 week high of $122.91. The stock has a market cap of $6.26 billion, a price-to-earnings ratio of 20.54, a PEG ratio of 0.76 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 4.21%. The ex-dividend date was Wednesday, March 27th. Ryman Hospitality Properties's dividend payout ratio (DPR) is presently 84.94%.

Insider Buying and Selling at Ryman Hospitality Properties

In related news, COO Patrick S. Chaffin sold 16,189 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $119.74, for a total value of $1,938,470.86. Following the completion of 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 can be accessed through this hyperlink. Insiders own 3.00% of the company's stock.

Wall Street Analyst Weigh In

RHP has been the topic of several recent analyst reports. Raymond James raised their target price on Ryman Hospitality Properties from $115.00 to $135.00 and gave the stock an "outperform" rating in a research note on Friday, February 2nd. Truist Financial boosted their target price on shares of Ryman Hospitality Properties from $134.00 to $135.00 and gave the company a "buy" rating in a research note on Thursday, March 14th. Wells Fargo & Company upped their price objective on Ryman Hospitality Properties from $125.00 to $133.00 and gave the stock an "overweight" rating in a research note on Thursday, March 21st. Finally, StockNews.com upgraded Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research note on Friday, February 23rd. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Ryman Hospitality Properties presently has a consensus rating of "Moderate Buy" and an average target price of $118.00.

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.