Dimensional Fund Advisors LP Boosts Stake in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Dimensional Fund Advisors LP raised its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 1.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 834,179 shares of the real estate investment trust's stock after acquiring an additional 12,506 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.39% of Ryman Hospitality Properties worth $87,042,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. increased its position in Ryman Hospitality Properties by 3.2% during the 4th quarter. Principal Financial Group Inc. now owns 3,254,693 shares of the real estate investment trust's stock valued at $339,596,000 after buying an additional 101,333 shares in the last quarter. JPMorgan Chase & Co. grew its position in Ryman Hospitality Properties by 10.7% during the 4th quarter. JPMorgan Chase & Co. now owns 1,439,719 shares of the real estate investment trust's stock valued at $150,220,000 after purchasing an additional 138,771 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Ryman Hospitality Properties by 1.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 979,176 shares of the real estate investment trust's stock valued at $102,167,000 after purchasing an additional 14,861 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Ryman Hospitality Properties by 2.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 853,251 shares of the real estate investment trust's stock worth $89,028,000 after buying an additional 24,439 shares during the last quarter. Finally, Cooke & Bieler LP bought a new position in shares of Ryman Hospitality Properties in the fourth quarter worth approximately $74,811,000. Hedge funds and other institutional investors own 94.48% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on RHP shares. Jefferies Financial Group decreased their price objective on shares of Ryman Hospitality Properties from $118.00 to $100.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Truist Financial dropped their price objective on Ryman Hospitality Properties from $133.00 to $127.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. StockNews.com upgraded shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research note on Saturday, March 1st. Wells Fargo & Company decreased their price objective on shares of Ryman Hospitality Properties from $130.00 to $122.00 and set an "overweight" rating for the company in a report on Tuesday, February 18th. Finally, Evercore ISI dropped their target price on shares of Ryman Hospitality Properties from $130.00 to $120.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $119.71.

Insider Activity at Ryman Hospitality Properties

In related news, Chairman Colin V. Reed acquired 8,231 shares of the company's stock in a transaction on Wednesday, February 26th. The stock was acquired at an average price of $97.54 per share, with a total value of $802,851.74. Following the acquisition, the chairman now directly owns 832,260 shares of the company's stock, valued at approximately $81,178,640.40. This trade represents a 1.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Alvin L. Bowles, Jr. sold 473 shares of Ryman Hospitality Properties stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $97.03, for a total value of $45,895.19. Following the completion of the sale, the director now directly owns 2,675 shares in the company, valued at approximately $259,555.25. The trade was a 15.03 % decrease in their position. The disclosure for this sale can be found here. 5.00% of the stock is owned by corporate insiders.

Ryman Hospitality Properties Stock Performance

Shares of NYSE:RHP traded up $5.52 during midday trading on Friday, hitting $93.61. The company had a trading volume of 1,043,409 shares, compared to its average volume of 618,427. Ryman Hospitality Properties, Inc. has a 12-month low of $76.27 and a 12-month high of $121.77. The company has a fifty day moving average of $90.86 and a two-hundred day moving average of $102.11. The company has a market cap of $5.62 billion, a price-to-earnings ratio of 21.32, a PEG ratio of 2.71 and a beta of 1.38. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.73.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $2.08 EPS for the quarter, topping the consensus estimate of $1.79 by $0.29. The firm had revenue of $587.28 million for the quarter, compared to the consensus estimate of $546.52 million. Ryman Hospitality Properties had a return on equity of 49.23% and a net margin of 11.61%. The business's revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.60 earnings per share. On average, equities research analysts expect that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $1.15 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.91%. Ryman Hospitality Properties's dividend payout ratio (DPR) is presently 104.78%.

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.