Principal Financial Group Inc. Has $275.31 Million Stock Holdings in Ryman Hospitality Properties, Inc. $RHP

Principal Financial Group Inc. trimmed its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 6.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,072,960 shares of the real estate investment trust’s stock after selling 201,731 shares during the period. Principal Financial Group Inc.’s holdings in Ryman Hospitality Properties were worth $275,307,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Hamlin Capital Management LLC boosted its holdings in Ryman Hospitality Properties by 0.7% during the 2nd quarter. Hamlin Capital Management LLC now owns 894,486 shares of the real estate investment trust’s stock worth $88,259,000 after acquiring an additional 6,530 shares during the last quarter. Peregrine Capital Management LLC raised its holdings in shares of Ryman Hospitality Properties by 4,049.6% in the second quarter. Peregrine Capital Management LLC now owns 56,144 shares of the real estate investment trust’s stock valued at $5,540,000 after purchasing an additional 54,791 shares during the last quarter. Bayforest Capital Ltd bought a new position in shares of Ryman Hospitality Properties during the third quarter valued at about $776,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Ryman Hospitality Properties during the second quarter worth about $344,000. Finally, Strs Ohio grew its position in Ryman Hospitality Properties by 23.3% in the 3rd quarter. Strs Ohio now owns 114,324 shares of the real estate investment trust’s stock worth $10,242,000 after purchasing an additional 21,600 shares in the last quarter. 94.48% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $131.00 target price on shares of Ryman Hospitality Properties in a research report on Tuesday, January 13th. Morgan Stanley set a $88.00 price target on Ryman Hospitality Properties in a research report on Friday, January 16th. Truist Financial boosted their price objective on Ryman Hospitality Properties from $120.00 to $121.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. Wall Street Zen upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Barclays set a $109.00 target price on Ryman Hospitality Properties in a research note on Tuesday, January 13th. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ryman Hospitality Properties has a consensus rating of “Moderate Buy” and a consensus target price of $110.27.

Ryman Hospitality Properties Price Performance

Shares of NYSE RHP opened at $94.71 on Monday. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 4.98. The stock has a fifty day simple moving average of $95.24 and a two-hundred day simple moving average of $94.47. Ryman Hospitality Properties, Inc. has a 1-year low of $76.27 and a 1-year high of $106.74. The firm has a market cap of $5.97 billion, a price-to-earnings ratio of 25.05, a price-to-earnings-growth ratio of 2.42 and a beta of 1.21.

Ryman Hospitality Properties (NYSE:RHP) last issued its quarterly earnings results on Tuesday, November 4th. The real estate investment trust reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.04. The firm had revenue of $592.46 million for the quarter, compared to analysts’ expectations of $573.40 million. Ryman Hospitality Properties had a return on equity of 34.50% and a net margin of 9.58%.The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.93 EPS. Analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current year.

Ryman Hospitality Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 5.1%. This is a boost from Ryman Hospitality Properties’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend was Wednesday, December 31st. Ryman Hospitality Properties’s payout ratio is currently 126.98%.

Insider Buying and Selling

In other Ryman Hospitality Properties news, Chairman Colin V. Reed bought 8,993 shares of the business’s stock in a transaction on Friday, November 7th. The stock was purchased at an average price of $92.16 per share, for a total transaction of $828,794.88. Following the completion of the transaction, the chairman directly owned 888,010 shares of the company’s stock, valued at $81,839,001.60. This trade represents a 1.02% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 5.00% of the stock is currently owned by company insiders.

About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc is a publicly traded real estate investment trust (REIT) specializing in the ownership and operation of group?oriented, large convention center hotel resorts. The company’s portfolio is anchored by its Gaylord Hotels brand, offering integrated resort, convention, entertainment and dining experiences under long?term management agreements with Marriott International.

Ryman’s flagship properties include Gaylord Opryland Resort & Convention Center in Nashville, Gaylord Texan Resort & Convention Center near Dallas/Fort Worth and Gaylord Palms Resort & Convention Center in Orlando, Florida.