Duff & Phelps Investment Management Co. Buys 58,685 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Duff & Phelps Investment Management Co. boosted its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 10.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 611,031 shares of the real estate investment trust's stock after purchasing an additional 58,685 shares during the quarter. Duff & Phelps Investment Management Co. owned about 1.02% of Ryman Hospitality Properties worth $65,527,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of RHP. Fifth Third Bancorp lifted its stake in Ryman Hospitality Properties by 347.6% during the second quarter. Fifth Third Bancorp now owns 282 shares of the real estate investment trust's stock worth $28,000 after purchasing an additional 219 shares during the last quarter. Quarry LP purchased a new position in shares of Ryman Hospitality Properties during the 3rd quarter valued at about $28,000. SYSTM Wealth Solutions LLC purchased a new stake in Ryman Hospitality Properties in the second quarter worth approximately $32,000. Quest Partners LLC boosted its stake in Ryman Hospitality Properties by 8,450.0% in the second quarter. Quest Partners LLC now owns 342 shares of the real estate investment trust's stock worth $34,000 after buying an additional 338 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in Ryman Hospitality Properties by 34.6% during the third quarter. GAMMA Investing LLC now owns 401 shares of the real estate investment trust's stock valued at $43,000 after acquiring an additional 103 shares during the last quarter. 94.48% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on RHP. BMO Capital Markets started coverage on shares of Ryman Hospitality Properties in a research note on Monday. They issued an "outperform" rating and a $133.00 price objective for the company. Wells Fargo & Company raised their price objective on Ryman Hospitality Properties from $124.00 to $130.00 and gave the company an "overweight" rating in a research note on Monday. Truist Financial increased their target price on Ryman Hospitality Properties from $130.00 to $136.00 and gave the company a "buy" rating in a report on Monday, November 18th. Finally, Jefferies Financial Group initiated coverage on Ryman Hospitality Properties in a research note on Wednesday, November 6th. They issued a "buy" rating and a $130.00 price target on the stock. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Ryman Hospitality Properties presently has a consensus rating of "Moderate Buy" and a consensus target price of $129.29.

Insiders Place Their Bets

In other news, Director Alvin L. Bowles, Jr. sold 900 shares of the firm's stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $107.32, for a total transaction of $96,588.00. Following the completion of the transaction, the director now directly owns 3,148 shares in the company, valued at $337,843.36. This trade represents a 22.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Fazal F. Merchant sold 1,269 shares of Ryman Hospitality Properties stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $113.98, for a total transaction of $144,640.62. Following the completion of the transaction, the director now directly owns 4,825 shares of the company's stock, valued at $549,953.50. This trade represents a 20.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.00% of the stock is owned by corporate insiders.

Ryman Hospitality Properties Trading Down 0.2 %

RHP traded down $0.27 during midday trading on Monday, reaching $117.98. 627,797 shares of the company's stock traded hands, compared to its average volume of 453,049. The stock has a market capitalization of $7.07 billion, a price-to-earnings ratio of 21.12, a P/E/G ratio of 2.98 and a beta of 1.65. Ryman Hospitality Properties, Inc. has a 52 week low of $93.76 and a 52 week high of $122.91. The firm has a fifty day moving average of $111.88 and a two-hundred day moving average of $105.28. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.73.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.83 by ($0.89). The company had revenue of $549.90 million for the quarter, compared to analysts' expectations of $545.93 million. Ryman Hospitality Properties had a net margin of 14.84% and a return on equity of 61.94%. Ryman Hospitality Properties's quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.73 EPS. On average, equities analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.44 earnings per share for the current fiscal year.

Ryman Hospitality Properties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $1.15 per share. The ex-dividend date is Tuesday, December 31st. This is a positive change from Ryman Hospitality Properties's previous quarterly dividend of $1.10. This represents a $4.60 annualized dividend and a dividend yield of 3.90%. Ryman Hospitality Properties's payout ratio is currently 78.15%.

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.