Federated Hermes Inc. Acquires 14,375 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Federated Hermes Inc. raised its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 2.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 677,315 shares of the real estate investment trust's stock after buying an additional 14,375 shares during the quarter. Federated Hermes Inc. owned about 1.13% of Ryman Hospitality Properties worth $67,637,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Parallel Advisors LLC increased its position in shares of Ryman Hospitality Properties by 6,550.0% during the fourth quarter. Parallel Advisors LLC now owns 266 shares of the real estate investment trust's stock valued at $29,000 after buying an additional 262 shares during the period. Fifth Third Bancorp increased its position in shares of 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 valued at $28,000 after buying an additional 219 shares during the period. Larson Financial Group LLC purchased a new position in shares of Ryman Hospitality Properties during the first quarter valued at about $35,000. Quest Partners LLC increased its position in shares of Ryman Hospitality Properties by 8,450.0% during the second quarter. Quest Partners LLC now owns 342 shares of the real estate investment trust's stock valued at $34,000 after buying an additional 338 shares during the period. Finally, Fidelis Capital Partners LLC purchased a new position in shares of Ryman Hospitality Properties during the first quarter valued at about $103,000. 94.48% of the stock is owned by hedge funds and other institutional investors.

Ryman Hospitality Properties Stock Up 0.1 %

Shares of NYSE RHP traded up $0.06 during midday trading on Friday, hitting $101.49. The stock had a trading volume of 519,603 shares, compared to its average volume of 447,037. The business's 50 day moving average is $101.06 and its 200-day moving average is $105.52. The company has a market cap of $6.08 billion, a P/E ratio of 21.01, a PEG ratio of 2.11 and a beta of 1.66. Ryman Hospitality Properties, Inc. has a 52 week low of $79.86 and a 52 week high of $122.91. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 5.96.

Ryman Hospitality Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $4.40 annualized dividend and a dividend yield of 4.34%. Ryman Hospitality Properties's dividend payout ratio is presently 91.10%.

Analyst Ratings Changes

RHP has been the topic of several research analyst reports. Wells Fargo & Company reduced their price target on shares of Ryman Hospitality Properties from $127.00 to $115.00 and set an "overweight" rating on the stock in a research report on Friday. StockNews.com upgraded shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a report on Friday, August 9th. JPMorgan Chase & Co. upped their price objective on shares of Ryman Hospitality Properties from $104.00 to $105.00 and gave the stock a "neutral" rating in a report on Friday, August 2nd. Finally, Truist Financial cut their price objective on shares of Ryman Hospitality Properties from $135.00 to $130.00 and set a "buy" rating on the stock in a report on Thursday, May 30th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Ryman Hospitality Properties currently has an average rating of "Moderate Buy" and a consensus price target of $116.14.

Insider Transactions at Ryman Hospitality Properties

In related news, Chairman Colin V. Reed acquired 8,077 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were bought at an average price of $97.78 per share, for a total transaction of $789,769.06. Following the completion of the transaction, the chairman now directly owns 827,220 shares in the company, valued at $80,885,571.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.00% of the company's stock.

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.