Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Acquired by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. grew its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 4.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 636,914 shares of the real estate investment trust’s stock after purchasing an additional 25,883 shares during the period. Duff & Phelps Investment Management Co. owned approximately 1.06% of Ryman Hospitality Properties worth $66,456,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Quarry LP bought a new stake in Ryman Hospitality Properties during the third quarter worth approximately $28,000. Heck Capital Advisors LLC acquired a new stake in shares of Ryman Hospitality Properties during the 4th quarter valued at $31,000. Harvest Fund Management Co. Ltd acquired a new stake in Ryman Hospitality Properties during the fourth quarter valued at $72,000. Venturi Wealth Management LLC bought a new stake in shares of Ryman Hospitality Properties in the 4th quarter valued at approximately $83,000. Finally, Blue Trust Inc. increased its stake in shares of Ryman Hospitality Properties by 23.4% during the 4th 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. 94.48% of the stock is currently owned by institutional investors.

Ryman Hospitality Properties Stock Down 0.8 %

Shares of NYSE RHP opened at $93.44 on Friday. Ryman Hospitality Properties, Inc. has a 12-month low of $92.04 and a 12-month high of $121.77. The firm has a market cap of $5.60 billion, a PE ratio of 21.28, a P/E/G ratio of 2.71 and a beta of 1.65. The company’s fifty day simple moving average is $100.24 and its 200 day simple moving average is $106.14. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 6.07.

Ryman Hospitality Properties (NYSE:RHP) last posted its earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 EPS for the quarter, topping the consensus estimate of $1.21 by $0.94. The firm had revenue of $647.63 million for the quarter, compared to analysts’ expectations of $656.01 million. Ryman Hospitality Properties had a net margin of 11.61% and a return on equity of 49.23%. As a group, sell-side analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $1.15 dividend. The ex-dividend date is Monday, March 31st. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.92%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 104.78%.

Insider Activity

In related news, Chairman Colin V. Reed purchased 8,231 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were purchased at an average cost of $97.54 per share, with a total value of $802,851.74. Following the transaction, the chairman now directly owns 832,260 shares in the company, valued at $81,178,640.40. This trade represents a 1.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alvin L. Bowles, Jr. sold 473 shares of the stock in a transaction that occurred 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 sale, the director now 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. Corporate insiders own 3.00% of the company’s stock.

Analyst Ratings Changes

RHP has been the subject of several analyst reports. Truist Financial reduced their target price on Ryman Hospitality Properties from $133.00 to $127.00 and set a “buy” rating for the company in a report on Friday, March 21st. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $100.00 price objective on shares of Ryman Hospitality Properties in a research note on Friday, December 13th. BMO Capital Markets began coverage on Ryman Hospitality Properties in a research note on Monday, December 9th. They issued an “outperform” rating and a $133.00 target price for the company. Wells Fargo & Company decreased their price objective on Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. Finally, StockNews.com upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Saturday, March 1st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Ryman Hospitality Properties currently has a consensus rating of “Moderate Buy” and an average target price of $124.67.

About Ryman Hospitality Properties

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.