Legal & General Group Plc Has $34.49 Million Stock Holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Legal & General Group Plc trimmed its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 16.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 330,506 shares of the real estate investment trust's stock after selling 66,466 shares during the quarter. Legal & General Group Plc owned approximately 0.55% of Ryman Hospitality Properties worth $34,485,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Bank of Montreal Can lifted its position in shares of Ryman Hospitality Properties by 119.4% during the fourth quarter. Bank of Montreal Can now owns 50,846 shares of the real estate investment trust's stock worth $5,305,000 after purchasing an additional 27,672 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Ryman Hospitality Properties by 87.3% during the 4th quarter. Victory Capital Management Inc. now owns 547,639 shares of the real estate investment trust's stock worth $57,141,000 after buying an additional 255,229 shares in the last quarter. Integrated Quantitative Investments LLC bought a new position in Ryman Hospitality Properties in the 4th quarter valued at $336,000. Paradigm Asset Management Co. LLC bought a new position in Ryman Hospitality Properties in the 4th quarter valued at $741,000. Finally, Van ECK Associates Corp increased its stake in shares of Ryman Hospitality Properties by 10.2% in the 4th quarter. Van ECK Associates Corp now owns 11,109 shares of the real estate investment trust's stock valued at $1,159,000 after buying an additional 1,029 shares during the period. Institutional investors and hedge funds own 94.48% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on RHP shares. StockNews.com raised shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research note on Saturday, March 1st. Jefferies Financial Group decreased their price objective on Ryman Hospitality Properties from $118.00 to $100.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Wells Fargo & Company dropped their price objective on Ryman Hospitality Properties from $130.00 to $122.00 and set an "overweight" rating for the company in a report on Tuesday, February 18th. Finally, Truist Financial reduced their target price on Ryman Hospitality Properties from $133.00 to $127.00 and set a "buy" rating on the stock in a 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 issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $119.67.

Ryman Hospitality Properties Price Performance

Shares of RHP traded up $1.76 during trading hours on Friday, hitting $85.69. 602,201 shares of the company were exchanged, compared to its average volume of 605,793. The company has a market cap of $5.14 billion, a price-to-earnings ratio of 19.52, a P/E/G ratio of 2.71 and a beta of 1.38. The firm's fifty day moving average is $94.02 and its 200 day moving average is $103.86. Ryman Hospitality Properties, Inc. has a fifty-two week low of $76.27 and a fifty-two week high of $121.77. The company has a quick ratio of 1.73, a current 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 EPS for the quarter, topping 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 during the quarter, compared to analysts' expectations of $656.01 million. On average, equities analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Monday, March 31st. This represents a $4.60 dividend on an annualized basis and a dividend yield of 5.37%. Ryman Hospitality Properties's dividend payout ratio (DPR) is 104.78%.

Insider Activity at Ryman Hospitality Properties

In other news, Chairman Colin V. Reed purchased 8,231 shares of the company's stock in a transaction dated Wednesday, February 26th. The shares were purchased at an average price of $97.54 per share, for a total transaction of $802,851.74. Following the transaction, the chairman now owns 832,260 shares of the company's stock, valued at approximately $81,178,640.40. This trade represents a 1.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Alvin L. Bowles, Jr. sold 473 shares of the 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 sale, the director now owns 2,675 shares of the company's stock, valued at approximately $259,555.25. This trade represents a 15.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by company insiders.

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.