Diamond Hill Capital Management Inc. Lowers Stock Holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Diamond Hill Capital Management Inc. decreased its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 11.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 570,544 shares of the real estate investment trust's stock after selling 76,414 shares during the quarter. Diamond Hill Capital Management Inc. owned 0.95% of Ryman Hospitality Properties worth $59,531,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Quarry LP bought a new stake in shares of Ryman Hospitality Properties during the third quarter valued at approximately $28,000. Heck Capital Advisors LLC purchased a new stake in shares of Ryman Hospitality Properties during the fourth quarter valued at $31,000. Avior Wealth Management LLC lifted its stake in Ryman Hospitality Properties by 44.9% in the third quarter. Avior Wealth Management LLC now owns 442 shares of the real estate investment trust's stock worth $47,000 after acquiring an additional 137 shares during the period. Farther Finance Advisors LLC lifted its stake in Ryman Hospitality Properties by 79.9% in the third quarter. Farther Finance Advisors LLC now owns 491 shares of the real estate investment trust's stock worth $53,000 after acquiring an additional 218 shares during the period. Finally, Venturi Wealth Management LLC bought a new position in Ryman Hospitality Properties in the fourth quarter worth about $83,000. Hedge funds and other institutional investors own 94.48% of the company's stock.

Insiders Place Their Bets

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

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Analysts Set New Price Targets

Several equities analysts recently weighed in on RHP shares. BMO Capital Markets began coverage on shares of Ryman Hospitality Properties in a report on Monday, December 9th. They issued an "outperform" rating and a $133.00 price target on the stock. Truist Financial restated a "buy" rating and issued a $133.00 price objective (down previously from $136.00) on shares of Ryman Hospitality Properties in a research report on Tuesday, February 25th. StockNews.com upgraded Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research report on Saturday, March 1st. Wells Fargo & Company decreased their target price 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, 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. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $125.67.

Ryman Hospitality Properties Price Performance

RHP stock traded down $2.44 during midday trading on Tuesday, reaching $95.05. The stock had a trading volume of 1,275,656 shares, compared to its average volume of 482,202. The company's fifty day simple moving average is $101.46 and its 200 day simple moving average is $106.56. 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 has a market cap of $5.69 billion, a price-to-earnings ratio of 21.65, a price-to-earnings-growth ratio of 2.71 and a beta of 1.65. Ryman Hospitality Properties, Inc. has a 52-week low of $93.17 and a 52-week high of $121.77.

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 earnings per share for the quarter, beating 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 company had revenue of $647.63 million for the quarter, compared to analyst estimates of $656.01 million. As a group, sell-side analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.84%. The ex-dividend date is Monday, March 31st. Ryman Hospitality Properties's dividend payout ratio (DPR) is presently 104.78%.

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.