Federated Hermes Inc. Sells 33,770 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Federated Hermes Inc. reduced its position in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 4.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 652,591 shares of the real estate investment trust's stock after selling 33,770 shares during the period. Federated Hermes Inc. owned about 1.09% of Ryman Hospitality Properties worth $68,091,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in RHP. Quarry LP bought a new stake in Ryman Hospitality Properties in the third quarter worth $28,000. Heck Capital Advisors LLC bought a new stake in shares of Ryman Hospitality Properties during the 4th quarter worth $31,000. Harvest Fund Management Co. Ltd acquired a new position in Ryman Hospitality Properties in the 4th quarter valued at $72,000. Venturi Wealth Management LLC bought a new position in Ryman Hospitality Properties in the 4th quarter worth $83,000. Finally, Blue Trust Inc. boosted its holdings in Ryman Hospitality Properties by 23.4% during the fourth quarter. Blue Trust Inc. now owns 845 shares of the real estate investment trust's stock valued at $91,000 after acquiring an additional 160 shares during the period. Institutional investors own 94.48% of the company's stock.

Analyst Upgrades and Downgrades

RHP has been the subject of several recent analyst reports. Jefferies Financial Group decreased their target price on Ryman Hospitality Properties from $118.00 to $100.00 and set a "buy" rating for the company in a research note on Wednesday. JPMorgan Chase & Co. reiterated an "underweight" rating and set a $100.00 target price on shares of Ryman Hospitality Properties in a research note on Friday, December 13th. Wells Fargo & Company lowered their price target on Ryman Hospitality Properties from $130.00 to $122.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 18th. Truist Financial decreased their price target on shares of Ryman Hospitality Properties from $133.00 to $127.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. Finally, StockNews.com raised shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a report on Saturday, March 1st. 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 company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $119.67.

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Insiders Place Their Bets

In other news, Director Alvin L. Bowles, Jr. sold 473 shares of the company'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 sale, the director now directly owns 2,675 shares of the company's stock, valued at approximately $259,555.25. This represents a 15.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Colin V. Reed acquired 8,231 shares of the business's stock in a transaction dated Wednesday, February 26th. The stock was acquired at an average cost of $97.54 per share, with a total value of $802,851.74. Following the completion of the transaction, the chairman now owns 832,260 shares of the company's stock, valued at approximately $81,178,640.40. The trade was 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.

Ryman Hospitality Properties Price Performance

Shares of Ryman Hospitality Properties stock traded up $1.93 during trading on Friday, reaching $85.40. The company's stock had a trading volume of 846,013 shares, compared to its average volume of 602,549. Ryman Hospitality Properties, Inc. has a one year low of $76.27 and a one year high of $121.77. The stock has a 50-day moving average price of $95.52 and a two-hundred day moving average price of $104.48. The stock has a market capitalization of $5.12 billion, a P/E ratio of 19.45, a price-to-earnings-growth ratio of 2.71 and a beta of 1.38. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 6.07.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $647.63 million for the quarter, compared to analysts' expectations of $656.01 million. As a group, sell-side analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 5.39%. The ex-dividend date of this dividend is Monday, March 31st. Ryman Hospitality Properties's payout ratio is 104.78%.

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.