Duff & Phelps Investment Management Co. Lowers Holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Duff & Phelps Investment Management Co. reduced its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 5.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 440,519 shares of the real estate investment trust’s stock after selling 26,627 shares during the period. Duff & Phelps Investment Management Co. owned approximately 0.74% of Ryman Hospitality Properties worth $48,484,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Xponance Inc. raised its position in Ryman Hospitality Properties by 2.6% during the fourth quarter. Xponance Inc. now owns 3,531 shares of the real estate investment trust’s stock valued at $389,000 after acquiring an additional 91 shares in the last quarter. Harbour Capital Advisors LLC grew its stake in Ryman Hospitality Properties by 0.9% in the 4th quarter. Harbour Capital Advisors LLC now owns 13,440 shares of the real estate investment trust’s stock valued at $1,482,000 after acquiring an additional 115 shares during the period. Covestor Ltd increased its holdings in Ryman Hospitality Properties by 15.5% in the 3rd quarter. Covestor Ltd now owns 1,218 shares of the real estate investment trust’s stock worth $101,000 after acquiring an additional 163 shares in the last quarter. Amalgamated Bank raised its position in Ryman Hospitality Properties by 2.7% during the third quarter. Amalgamated Bank now owns 8,861 shares of the real estate investment trust’s stock worth $738,000 after acquiring an additional 235 shares during the period. Finally, GAMMA Investing LLC purchased a new position in Ryman Hospitality Properties during the fourth quarter valued at $27,000. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Insider Activity

In other Ryman Hospitality Properties news, COO Patrick S. Chaffin sold 16,189 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $119.74, for a total value of $1,938,470.86. Following the transaction, the chief operating officer now owns 17,618 shares of the company’s stock, valued at $2,109,579.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on RHP shares. Truist Financial raised their target price on Ryman Hospitality Properties from $134.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. StockNews.com upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Friday, February 23rd. Raymond James boosted their price target on shares of Ryman Hospitality Properties from $115.00 to $135.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Finally, Wells Fargo & Company increased their price objective on shares of Ryman Hospitality Properties from $125.00 to $133.00 and gave the company an “overweight” rating in a report on Thursday, March 21st. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Ryman Hospitality Properties has an average rating of “Moderate Buy” and an average target price of $118.00.

Ryman Hospitality Properties Trading Down 1.0 %

Shares of NYSE RHP traded down $1.03 during midday trading on Tuesday, reaching $106.10. 92,143 shares of the stock were exchanged, compared to its average volume of 419,639. The stock has a market capitalization of $6.35 billion, a P/E ratio of 20.68, a PEG ratio of 0.75 and a beta of 1.57. The company has a debt-to-equity ratio of 5.90, a quick ratio of 1.97 and a current ratio of 1.97. The company has a 50 day simple moving average of $114.39 and a 200 day simple moving average of $107.26. Ryman Hospitality Properties, Inc. has a twelve month low of $79.86 and a twelve month high of $122.91.

Ryman Hospitality Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were given a $1.10 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $4.40 dividend on an annualized basis and a yield of 4.15%. Ryman Hospitality Properties’s dividend payout ratio is currently 84.94%.

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.