Bruni J V & Co. Co. Sells 22,020 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Bruni J V & Co. Co. decreased its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 4.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 518,838 shares of the real estate investment trust's stock after selling 22,020 shares during the period. Ryman Hospitality Properties accounts for 7.1% of Bruni J V & Co. Co.'s holdings, making the stock its 2nd biggest position. Bruni J V & Co. Co. owned 0.87% of Ryman Hospitality Properties worth $57,103,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC purchased a new stake in Ryman Hospitality Properties during the fourth quarter valued at approximately $27,000. Signaturefd LLC lifted its position in Ryman Hospitality Properties by 518.9% during the fourth quarter. Signaturefd LLC now owns 328 shares of the real estate investment trust's stock valued at $36,000 after acquiring an additional 275 shares during the last quarter. Covestor Ltd increased its stake in Ryman Hospitality Properties by 15.5% during the 3rd 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 in the last quarter. Schnieders Capital Management LLC acquired a new position in Ryman Hospitality Properties during the 4th quarter valued at approximately $216,000. Finally, TIAA Trust National Association acquired a new position in Ryman Hospitality Properties during the 4th quarter valued at approximately $220,000. Hedge funds and other institutional investors own 94.48% of the company's stock.

Insider Buying and Selling

In related news, COO Patrick S. Chaffin sold 16,189 shares of the stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $119.74, for a total transaction of $1,938,470.86. Following the sale, the chief operating officer now directly owns 17,618 shares of the company's stock, valued at $2,109,579.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 3.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on RHP shares. Truist Financial upped their price target 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 target on shares of Ryman Hospitality Properties from $125.00 to $133.00 and gave the company an "overweight" rating in a research note on Thursday, March 21st. Raymond James upped their price target on shares of Ryman Hospitality Properties from $115.00 to $135.00 and gave the company an "outperform" rating in a research note on Friday, February 2nd. Finally, StockNews.com upgraded shares of 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, the company has an average rating of "Moderate Buy" and a consensus price target of $118.00.

Ryman Hospitality Properties Stock Performance

Shares of NYSE:RHP traded up $0.10 during midday trading on Friday, reaching $107.06. The company's stock had a trading volume of 305,102 shares, compared to its average volume of 395,451. The firm has a market capitalization of $6.41 billion, a PE ratio of 20.67, a P/E/G ratio of 0.75 and a beta of 1.57. Ryman Hospitality Properties, Inc. has a twelve month low of $79.86 and a twelve month high of $122.91. The stock has a fifty day moving average of $114.58 and a 200 day moving average of $107.10. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 5.90.

Ryman Hospitality Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date of this dividend was Wednesday, March 27th. Ryman Hospitality Properties's dividend payout ratio (DPR) is presently 84.94%.

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.