Centersquare Investment Management LLC Decreases Stock Holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Centersquare Investment Management LLC trimmed its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 72.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 65,780 shares of the real estate investment trust's stock after selling 170,740 shares during the period. Centersquare Investment Management LLC owned approximately 0.11% of Ryman Hospitality Properties worth $6,863,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. grew its holdings in shares of Ryman Hospitality Properties by 87.3% in the fourth quarter. Victory Capital Management Inc. now owns 547,639 shares of the real estate investment trust's stock worth $57,141,000 after acquiring an additional 255,229 shares during the period. Paradigm Asset Management Co. LLC bought a new position in Ryman Hospitality Properties in the fourth quarter worth approximately $741,000. Van ECK Associates Corp boosted its stake in shares of Ryman Hospitality Properties by 10.2% during the 4th quarter. Van ECK Associates Corp now owns 11,109 shares of the real estate investment trust's stock worth $1,159,000 after acquiring an additional 1,029 shares during the last quarter. Quantinno Capital Management LP bought a new stake in shares of Ryman Hospitality Properties during the 3rd quarter valued at $488,000. Finally, Principal Financial Group Inc. grew its position in shares of 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 acquiring an additional 101,333 shares during the period. Hedge funds and other institutional investors own 94.48% of the company's stock.

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Ryman Hospitality Properties Price Performance

RHP traded up $0.58 during trading hours on Wednesday, hitting $79.43. The company's stock had a trading volume of 624,274 shares, compared to its average volume of 914,874. Ryman Hospitality Properties, Inc. has a 12 month low of $76.27 and a 12 month high of $121.77. 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 business's 50-day moving average price is $97.03 and its 200-day moving average price is $105.14. The stock has a market cap of $4.76 billion, a price-to-earnings ratio of 18.08, a P/E/G ratio of 2.71 and a beta of 1.38.

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

Ryman Hospitality Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $1.15 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $4.60 annualized dividend and a dividend yield of 5.79%. Ryman Hospitality Properties's payout ratio is 104.78%.

Insider Transactions at Ryman Hospitality Properties

In related news, Director Alvin L. Bowles, Jr. sold 473 shares of the firm's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $97.03, for a total value of $45,895.19. Following the transaction, the director now owns 2,675 shares of the company's stock, valued at $259,555.25. This trade represents a 15.03 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Colin V. Reed bought 8,231 shares of the company's stock in a transaction on Wednesday, February 26th. The stock was bought at an average price of $97.54 per share, for a total transaction of $802,851.74. Following the completion of the purchase, the chairman now directly owns 832,260 shares in the company, valued at approximately $81,178,640.40. This represents a 1.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 3.00% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on RHP. JPMorgan Chase & Co. reiterated an "underweight" rating and set a $100.00 target price on shares of Ryman Hospitality Properties in a research report on Friday, December 13th. Wells Fargo & Company cut their price objective on Ryman Hospitality Properties from $130.00 to $122.00 and set an "overweight" rating for the company in a research note on Tuesday, February 18th. StockNews.com upgraded shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research note on Saturday, March 1st. Truist Financial dropped their price target on shares of Ryman Hospitality Properties from $133.00 to $127.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Finally, Jefferies Financial Group decreased their price objective on shares of Ryman Hospitality Properties from $118.00 to $100.00 and set a "buy" rating on the stock in a research report on Wednesday. One analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $119.67.

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.