GW&K Investment Management LLC decreased its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 6.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 501,359 shares of the real estate investment trust's stock after selling 33,283 shares during the period. GW&K Investment Management LLC owned 0.84% of Ryman Hospitality Properties worth $55,180,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. UBS Group AG grew its stake in Ryman Hospitality Properties by 70.6% during the 4th quarter. UBS Group AG now owns 88,069 shares of the real estate investment trust's stock worth $9,693,000 after buying an additional 36,456 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of Ryman Hospitality Properties by 4.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,383 shares of the real estate investment trust's stock worth $372,000 after acquiring an additional 137 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Ryman Hospitality Properties in the 4th quarter valued at $487,000. Norges Bank purchased a new stake in Ryman Hospitality Properties in the 4th quarter valued at $57,580,000. Finally, Panagora Asset Management Inc. boosted its stake in Ryman Hospitality Properties by 61.1% during the 4th quarter. Panagora Asset Management Inc. now owns 204,781 shares of the real estate investment trust's stock worth $22,538,000 after purchasing an additional 77,670 shares during the period. 94.48% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts have commented on the stock. StockNews.com upgraded shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research note on Tuesday, May 14th. Raymond James lifted their target price on Ryman Hospitality Properties from $115.00 to $135.00 and gave the company an "outperform" rating in a research note on Friday, February 2nd. Truist Financial increased their price target on Ryman Hospitality Properties from $134.00 to $135.00 and gave the stock a "buy" rating in a report on Thursday, March 14th. Wells Fargo & Company lifted 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. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Ryman Hospitality Properties from $141.00 to $136.00 and set a "buy" rating for the company in a research note on Thursday, May 9th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $119.00.
View Our Latest Research Report on RHP
Ryman Hospitality Properties Trading Up 0.6 %
Shares of NYSE RHP traded up $0.67 during midday trading on Monday, reaching $106.04. 318,240 shares of the stock were exchanged, compared to its average volume of 446,226. The stock has a 50 day moving average price of $110.54 and a 200-day moving average price of $109.36. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 6.33. The company has a market capitalization of $6.35 billion, a P/E ratio of 21.95, a P/E/G ratio of 2.20 and a beta of 1.59. Ryman Hospitality Properties, Inc. has a 52-week low of $79.86 and a 52-week high of $122.91.
Ryman Hospitality Properties Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $4.40 annualized dividend and a yield of 4.15%. Ryman Hospitality Properties's payout ratio is currently 91.10%.
Insider Buying and Selling at Ryman Hospitality Properties
In other Ryman Hospitality Properties news, COO Patrick S. Chaffin sold 16,189 shares of the stock in a transaction on 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 filing with the SEC, which is available at the SEC website. In related news, Chairman Colin V. Reed bought 13,800 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was purchased at an average cost of $106.40 per share, for a total transaction of $1,468,320.00. Following the completion of the acquisition, the chairman now owns 819,143 shares in the company, valued at $87,156,815.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Patrick S. Chaffin sold 16,189 shares of the stock in a transaction that occurred on 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 directly owns 17,618 shares in the company, valued at approximately $2,109,579.32. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by insiders.
Ryman Hospitality Properties Profile
(
Free Report)
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.
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