Duff & Phelps Investment Management Co. Cuts Stock Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Duff & Phelps Investment Management Co. reduced its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 5.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 440,519 shares of the real estate investment trust's stock after selling 26,627 shares during the period. Duff & Phelps Investment Management Co. owned 0.74% of Ryman Hospitality Properties worth $48,484,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in RHP. Vanguard Group Inc. lifted its holdings in Ryman Hospitality Properties by 2.7% in the 3rd quarter. Vanguard Group Inc. now owns 8,307,026 shares of the real estate investment trust's stock valued at $691,809,000 after purchasing an additional 216,137 shares in the last quarter. FMR LLC raised its holdings in Ryman Hospitality Properties by 2.9% in the 3rd quarter. FMR LLC now owns 4,097,388 shares of the real estate investment trust's stock valued at $341,230,000 after buying an additional 114,451 shares during the period. JPMorgan Chase & Co. lifted its position in Ryman Hospitality Properties by 5.7% in the third quarter. JPMorgan Chase & Co. now owns 1,713,128 shares of the real estate investment trust's stock valued at $142,669,000 after buying an additional 93,082 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Ryman Hospitality Properties by 6.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,021,858 shares of the real estate investment trust's stock worth $85,100,000 after buying an additional 62,322 shares during the period. Finally, Diamond Hill Capital Management Inc. increased its position in shares of Ryman Hospitality Properties by 1.9% during the third quarter. Diamond Hill Capital Management Inc. now owns 751,628 shares of the real estate investment trust's stock valued at $62,596,000 after acquiring an additional 14,083 shares during the last quarter. Hedge funds and other institutional investors own 94.48% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on RHP shares. Raymond James lifted their target price on shares of Ryman Hospitality Properties from $115.00 to $135.00 and gave the company an "outperform" rating in a report on Friday, February 2nd. Wells Fargo & Company boosted their price objective on Ryman Hospitality Properties from $125.00 to $133.00 and gave the company an "overweight" rating in a report on Thursday, March 21st. Truist Financial raised 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. 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $118.00.

Insider Buying and Selling

In related news, COO Patrick S. Chaffin sold 16,189 shares of the business's 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 completion of the transaction, the chief operating officer now owns 17,618 shares in the company, valued at $2,109,579.32. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 3.00% of the stock is owned by insiders.

Ryman Hospitality Properties Stock Down 1.5 %

RHP stock traded down $1.65 during mid-day trading on Tuesday, reaching $105.48. The company had a trading volume of 545,465 shares, compared to its average volume of 425,213. The firm has a fifty day simple moving average of $114.39 and a 200 day simple moving average of $107.26. The company has a debt-to-equity ratio of 5.90, a quick ratio of 1.97 and a current ratio of 1.97. The company has a market capitalization of $6.32 billion, a price-to-earnings ratio of 20.68, a price-to-earnings-growth ratio of 0.75 and a beta of 1.57. Ryman Hospitality Properties, Inc. has a fifty-two week low of $79.86 and a fifty-two week high of $122.91.

Ryman Hospitality Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were issued a $1.10 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $4.40 annualized dividend and a yield of 4.17%. Ryman Hospitality Properties's dividend payout ratio (DPR) is 84.94%.

Ryman Hospitality Properties 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.