Diamond Hill Capital Management Inc. Has $64.95 Million Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Diamond Hill Capital Management Inc. reduced its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 2.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 650,392 shares of the real estate investment trust's stock after selling 13,988 shares during the period. Diamond Hill Capital Management Inc. owned approximately 1.09% of Ryman Hospitality Properties worth $64,948,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. PNC Financial Services Group Inc. grew its position in Ryman Hospitality Properties by 4.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,383 shares of the real estate investment trust's stock worth $372,000 after buying an additional 137 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its position in Ryman Hospitality Properties by 0.4% during the second quarter. DekaBank Deutsche Girozentrale now owns 39,256 shares of the real estate investment trust's stock worth $3,829,000 after purchasing an additional 138 shares during the period. New York State Teachers Retirement System grew its stake in Ryman Hospitality Properties by 3.0% during the first quarter. New York State Teachers Retirement System now owns 5,285 shares of the real estate investment trust's stock worth $611,000 after buying an additional 152 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in Ryman Hospitality Properties by 0.6% in the 1st quarter. State of Alaska Department of Revenue now owns 27,611 shares of the real estate investment trust's stock valued at $3,191,000 after buying an additional 174 shares during the period. Finally, American International Group Inc. lifted its holdings in shares of Ryman Hospitality Properties by 0.6% during the 4th quarter. American International Group Inc. now owns 29,031 shares of the real estate investment trust's stock worth $3,195,000 after acquiring an additional 176 shares during the period. 94.48% of the stock is owned by institutional investors.

Analyst Ratings Changes

RHP has been the subject of several recent analyst reports. Truist Financial cut their target price on Ryman Hospitality Properties from $135.00 to $130.00 and set a "buy" rating for the company in a research note on Thursday, May 30th. StockNews.com upgraded Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research report on Friday, August 9th. Wells Fargo & Company dropped their target price on shares of Ryman Hospitality Properties from $127.00 to $115.00 and set an "overweight" rating for the company in a report on Friday. Finally, 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 research report on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $116.14.

Ryman Hospitality Properties Trading Up 0.1 %

NYSE RHP traded up $0.06 on Friday, reaching $101.49. The company had a trading volume of 519,603 shares, compared to its average volume of 447,037. The firm has a market cap of $6.08 billion, a price-to-earnings ratio of 21.01, a P/E/G ratio of 2.11 and a beta of 1.66. Ryman Hospitality Properties, Inc. has a fifty-two week low of $79.86 and a fifty-two week high of $122.91. The business has a 50 day moving average of $101.06 and a two-hundred day moving average of $105.33. The company has a debt-to-equity ratio of 5.96, a current ratio of 1.92 and a quick ratio of 1.92.

Ryman Hospitality Properties Announces Dividend

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

Insider Activity at Ryman Hospitality Properties

In other news, Chairman Colin V. Reed purchased 8,077 shares of the company's stock in a transaction dated Tuesday, August 6th. The shares were purchased at an average price of $97.78 per share, for a total transaction of $789,769.06. Following the transaction, the chairman now owns 827,220 shares of the company's stock, valued at $80,885,571.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 3.00% of the stock is currently owned by company insiders.

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.