Massachusetts Financial Services Co. MA Has $89.03 Million Stock Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Massachusetts Financial Services Co. MA boosted its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 2.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 853,251 shares of the real estate investment trust's stock after buying an additional 24,439 shares during the period. Massachusetts Financial Services Co. MA owned approximately 1.42% of Ryman Hospitality Properties worth $89,028,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of RHP. Principal Financial Group Inc. raised its stake in shares of Ryman Hospitality Properties by 3.2% in the fourth quarter. Principal Financial Group Inc. now owns 3,254,693 shares of the real estate investment trust's stock valued at $339,596,000 after acquiring an additional 101,333 shares during the period. Geode Capital Management LLC boosted its position in shares of Ryman Hospitality Properties by 0.9% during the third quarter. Geode Capital Management LLC now owns 1,458,389 shares of the real estate investment trust's stock valued at $156,427,000 after buying an additional 12,323 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Ryman Hospitality Properties by 10.7% during the fourth 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 during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Ryman Hospitality Properties by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 979,176 shares of the real estate investment trust's stock worth $102,167,000 after buying an additional 14,861 shares during the period. Finally, Cooke & Bieler LP purchased a new stake in shares of Ryman Hospitality Properties in the fourth quarter worth approximately $74,811,000. 94.48% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on RHP. JPMorgan Chase & Co. reissued an "underweight" rating and set a $100.00 target price on shares of Ryman Hospitality Properties in a research note on Friday, December 13th. Jefferies Financial Group dropped their target price 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. Wells Fargo & Company decreased their price target on shares of Ryman Hospitality Properties from $130.00 to $122.00 and set an "overweight" rating for the company in a research note on Tuesday, February 18th. Truist Financial reduced their price objective 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. Finally, StockNews.com upgraded Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a report on Saturday, March 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, Ryman Hospitality Properties currently has a consensus rating of "Moderate Buy" and a consensus target price of $119.67.

Insider Buying and Selling

In other news, Director Alvin L. Bowles, Jr. sold 473 shares of the business's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $97.03, for a total value 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. The trade was a 15.03 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Colin V. Reed purchased 8,231 shares of the company's stock in a transaction on Wednesday, February 26th. The stock was bought at an average cost of $97.54 per share, for a total transaction of $802,851.74. Following the acquisition, the chairman now directly owns 832,260 shares of the company's stock, valued at $81,178,640.40. This represents a 1.00 % increase in their position. The disclosure for this purchase can be found here. 3.00% of the stock is currently owned by company insiders.

Ryman Hospitality Properties Price Performance

Shares of NYSE:RHP traded down $4.87 during trading on Thursday, reaching $82.38. 357,985 shares of the company's stock traded hands, compared to its average volume of 596,617. 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 50-day simple moving average of $96.30 and a 200-day simple moving average of $104.86. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 6.07. The firm has a market cap of $4.93 billion, a PE ratio of 18.69, a P/E/G ratio of 2.71 and a beta of 1.38.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.21 by $0.94. The company had revenue of $647.63 million for the quarter, compared to analyst estimates 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 predict that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current year.

Ryman Hospitality Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 5.58%. The ex-dividend date is Monday, March 31st. Ryman Hospitality Properties's payout ratio is 104.78%.

Ryman Hospitality Properties 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.