Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL reduced its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 0.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 966,543 shares of the real estate investment trust's stock after selling 7,680 shares during the period. Ryman Hospitality Properties accounts for 1.1% of Gamco Investors INC. ET AL's portfolio, making the stock its 13th biggest holding. Gamco Investors INC. ET AL owned 1.61% of Ryman Hospitality Properties worth $100,849,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. grew its position in shares of Ryman Hospitality Properties by 3.2% during the fourth quarter. Principal Financial Group Inc. now owns 3,254,693 shares of the real estate investment trust's stock worth $339,596,000 after purchasing an additional 101,333 shares in the last quarter. Geode Capital Management LLC boosted its stake in Ryman Hospitality Properties by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,458,389 shares of the real estate investment trust's stock worth $156,427,000 after purchasing an additional 12,323 shares during the period. JPMorgan Chase & Co. grew its holdings in Ryman Hospitality Properties by 10.7% during the 4th quarter. JPMorgan Chase & Co. now owns 1,439,719 shares of the real estate investment trust's stock valued at $150,220,000 after buying an additional 138,771 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Ryman Hospitality Properties by 1.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 979,176 shares of the real estate investment trust's stock valued at $102,167,000 after buying an additional 14,861 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Ryman Hospitality Properties by 2.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 853,251 shares of the real estate investment trust's stock worth $89,028,000 after acquiring an additional 24,439 shares during the last quarter. 94.48% of the stock is currently owned by institutional investors.

Ryman Hospitality Properties Trading Up 2.1 %

Shares of RHP stock traded up $1.76 on Friday, reaching $85.69. 602,201 shares of the company's stock were exchanged, compared to its average volume of 606,190. The company's fifty day simple moving average is $93.66 and its 200 day simple moving average is $103.68. Ryman Hospitality Properties, Inc. has a 52 week low of $76.27 and a 52 week 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 stock has a market capitalization of $5.14 billion, a PE ratio of 19.52, a P/E/G ratio of 2.71 and a beta of 1.38.

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 EPS for the quarter, topping the consensus estimate of $1.21 by $0.94. The company had revenue of $647.63 million for the quarter, compared to the consensus estimate of $656.01 million. Ryman Hospitality Properties had a net margin of 11.61% and a return on equity of 49.23%. As a group, analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.

Ryman Hospitality Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 5.37%. The ex-dividend date of this dividend was Monday, March 31st. Ryman Hospitality Properties's payout ratio is 104.78%.

Analyst Upgrades and Downgrades

RHP has been the subject of several research reports. Wells Fargo & Company dropped their price objective on shares of Ryman Hospitality Properties from $130.00 to $122.00 and set an "overweight" rating for the company in a report on Tuesday, February 18th. StockNews.com upgraded Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research report on Saturday, March 1st. Jefferies Financial Group decreased their price target on shares of Ryman Hospitality Properties from $118.00 to $100.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Finally, Truist Financial dropped their price target on 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. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Ryman Hospitality Properties presently has a consensus rating of "Moderate Buy" and a consensus price target of $119.67.

Insider Activity

In other Ryman Hospitality Properties news, Director Alvin L. Bowles, Jr. sold 473 shares of the company's stock in a transaction on 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 sale, the director now owns 2,675 shares in the company, valued at $259,555.25. This represents a 15.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Colin V. Reed purchased 8,231 shares of the business's stock in a transaction dated 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 acquisition, the chairman now directly owns 832,260 shares in the company, valued at approximately $81,178,640.40. This trade represents a 1.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 5.00% of the company's stock.

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.