T. Rowe Price Investment Management Inc. Has $63.18 Million Holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP)

T. Rowe Price Investment Management Inc. lowered its position in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 5.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 605,536 shares of the real estate investment trust's stock after selling 37,095 shares during the quarter. T. Rowe Price Investment Management Inc. owned 1.01% of Ryman Hospitality Properties worth $63,182,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC purchased a new position in Ryman Hospitality Properties in the fourth quarter valued at about $31,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Ryman Hospitality Properties in the 4th quarter worth approximately $72,000. Venturi Wealth Management LLC bought a new position in Ryman Hospitality Properties during the fourth quarter worth $83,000. Covestor Ltd lifted its stake in Ryman Hospitality Properties by 33.3% during the fourth quarter. Covestor Ltd now owns 829 shares of the real estate investment trust's stock worth $87,000 after purchasing an additional 207 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in Ryman Hospitality Properties by 23.4% during the fourth quarter. Blue Trust Inc. now owns 845 shares of the real estate investment trust's stock worth $91,000 after purchasing an additional 160 shares during the last quarter. Institutional investors and hedge funds own 94.48% of the company's stock.

Insider Activity

In other news, Director Alvin L. Bowles, Jr. sold 473 shares of the firm's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $97.03, for a total transaction of $45,895.19. Following the transaction, the director now owns 2,675 shares in the company, valued at approximately $259,555.25. This trade represents a 15.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Colin V. Reed purchased 8,231 shares of the business's stock in a transaction dated Wednesday, February 26th. The shares were acquired at an average price of $97.54 per share, for a total transaction of $802,851.74. Following the acquisition, the chairman now directly owns 832,260 shares in the company, valued at $81,178,640.40. This represents a 1.00 % increase in their position. The disclosure for this purchase can be found here. 5.00% of the stock is owned by insiders.

Ryman Hospitality Properties Stock Up 0.1 %

NYSE RHP traded up $0.10 during trading on Thursday, reaching $88.05. 607,779 shares of the company's stock were exchanged, compared to its average volume of 614,888. Ryman Hospitality Properties, Inc. has a fifty-two week low of $76.27 and a fifty-two week high of $121.77. The firm has a market capitalization of $5.28 billion, a PE ratio of 20.06, a P/E/G ratio of 2.71 and a beta of 1.38. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 6.07. The company's fifty day simple moving average is $91.14 and its 200-day simple moving average is $102.39.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $2.15 EPS for the quarter, topping analysts' consensus estimates of $1.21 by $0.94. Ryman Hospitality Properties had a return on equity of 49.23% and a net margin of 11.61%. The firm had revenue of $647.63 million during the quarter, compared to analyst estimates of $656.01 million. Sell-side analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.

Ryman Hospitality Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a dividend of $1.15 per share. The ex-dividend date was Monday, March 31st. This represents a $4.60 annualized dividend and a dividend yield of 5.22%. Ryman Hospitality Properties's dividend payout ratio (DPR) is 104.78%.

Analysts Set New Price Targets

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

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.