Victory Capital Management Inc. Has $749,000 Stock Holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Victory Capital Management Inc. lowered its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 54.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,497 shares of the real estate investment trust's stock after selling 9,002 shares during the period. Victory Capital Management Inc.'s holdings in Ryman Hospitality Properties were worth $749,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Principal Financial Group Inc. grew its holdings in Ryman Hospitality Properties by 194.0% during the 2nd quarter. Principal Financial Group Inc. now owns 2,222,077 shares of the real estate investment trust's stock valued at $221,896,000 after purchasing an additional 1,466,220 shares in the last quarter. Norges Bank acquired a new stake in Ryman Hospitality Properties during the 4th quarter valued at $57,580,000. Vanguard Group Inc. grew its holdings in Ryman Hospitality Properties by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 8,470,274 shares of the real estate investment trust's stock valued at $979,248,000 after purchasing an additional 226,547 shares in the last quarter. Heitman Real Estate Securities LLC grew its holdings in Ryman Hospitality Properties by 46.0% during the 4th quarter. Heitman Real Estate Securities LLC now owns 611,992 shares of the real estate investment trust's stock valued at $67,356,000 after purchasing an additional 192,962 shares in the last quarter. Finally, South Street Advisors LLC acquired a new stake in Ryman Hospitality Properties during the 1st quarter valued at $11,574,000. Institutional investors and hedge funds own 94.48% of the company's stock.

Wall Street Analyst Weigh In

RHP has been the subject of several recent analyst reports. Truist Financial decreased their price objective on shares of Ryman Hospitality Properties from $135.00 to $130.00 and set a "buy" rating for the company in a report on Thursday, May 30th. JPMorgan Chase & Co. raised their price target 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. 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, September 13th. Finally, StockNews.com upgraded shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research report on Friday, August 9th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Ryman Hospitality Properties currently has an average rating of "Moderate Buy" and an average price target of $116.14.

Ryman Hospitality Properties Price Performance

Shares of RHP traded up $0.86 during mid-day trading on Friday, hitting $109.77. The company's stock had a trading volume of 1,116,330 shares, compared to its average volume of 451,455. The firm has a 50-day moving average price of $101.63 and a 200 day moving average price of $104.87. The stock has a market capitalization of $6.57 billion, a price-to-earnings ratio of 22.73, a PEG ratio of 2.11 and a beta of 1.66. 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, Inc. has a fifty-two week low of $79.86 and a fifty-two week high of $122.91.

Ryman Hospitality Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders 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 yield of 4.01%. The ex-dividend date is Monday, September 30th. Ryman Hospitality Properties's dividend payout ratio (DPR) is presently 91.10%.

Insider Buying and Selling at Ryman Hospitality Properties

In other news, Director Alvin L. Bowles, Jr. sold 900 shares of the business's stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $107.32, for a total value of $96,588.00. Following the completion of the sale, the director now directly owns 3,148 shares in the company, valued at $337,843.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Alvin L. Bowles, Jr. sold 900 shares of the business's stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $107.32, for a total transaction of $96,588.00. Following the transaction, the director now owns 3,148 shares of the company's stock, valued at $337,843.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Colin V. Reed bought 8,077 shares of the company's stock in a transaction that occurred on Tuesday, August 6th. The shares were bought at an average cost of $97.78 per share, for a total transaction of $789,769.06. Following the transaction, the chairman now directly owns 827,220 shares of the company's stock, valued at approximately $80,885,571.60. The disclosure for this purchase can be found here. Corporate insiders own 3.00% of the company's stock.

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.