APG Asset Management US Inc. Has $28.06 Million Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

APG Asset Management US Inc. trimmed its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 14.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 285,800 shares of the real estate investment trust's stock after selling 50,000 shares during the period. APG Asset Management US Inc. owned about 0.48% of Ryman Hospitality Properties worth $28,060,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in RHP. Quantbot Technologies LP raised its holdings in shares of Ryman Hospitality Properties by 71.0% during the first quarter. Quantbot Technologies LP now owns 27,410 shares of the real estate investment trust's stock worth $3,169,000 after acquiring an additional 11,384 shares during the period. Quadrature Capital Ltd raised its stake in shares of Ryman Hospitality Properties by 94.3% in the 1st quarter. Quadrature Capital Ltd now owns 20,639 shares of the real estate investment trust's stock valued at $2,389,000 after purchasing an additional 10,015 shares during the period. Nordea Investment Management AB lifted its holdings in shares of Ryman Hospitality Properties by 13.0% in the first quarter. Nordea Investment Management AB now owns 79,598 shares of the real estate investment trust's stock valued at $9,249,000 after purchasing an additional 9,174 shares in the last quarter. SageView Advisory Group LLC grew its holdings in shares of Ryman Hospitality Properties by 203.2% during the first quarter. SageView Advisory Group LLC now owns 11,523 shares of the real estate investment trust's stock worth $1,332,000 after buying an additional 7,723 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its position in Ryman Hospitality Properties by 378.7% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 21,329 shares of the real estate investment trust's stock valued at $2,130,000 after buying an additional 16,873 shares during the last quarter. 94.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on RHP. Wells Fargo & Company reduced 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, September 13th. JPMorgan Chase & Co. boosted their price target on Ryman Hospitality Properties from $104.00 to $105.00 and gave the stock a "neutral" rating in a research report on Friday, August 2nd. StockNews.com raised Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a report on Friday, August 9th. Finally, Truist Financial cut their price target on shares of 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. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $116.14.

Ryman Hospitality Properties Stock Performance

Shares of RHP traded down $1.37 during trading hours on Thursday, hitting $108.97. The company had a trading volume of 511,910 shares, compared to its average volume of 453,521. The business has a fifty day moving average of $102.01 and a 200-day moving average of $104.82. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 5.96. The firm has a market cap of $6.53 billion, a price-to-earnings ratio of 22.91, a PEG ratio of 2.34 and a beta of 1.66. Ryman Hospitality Properties, Inc. has a 12 month low of $79.86 and a 12 month high of $122.91.

Ryman Hospitality Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $4.40 annualized dividend and a yield of 4.04%. Ryman Hospitality Properties's dividend payout ratio (DPR) is presently 91.10%.

Insider Transactions at Ryman Hospitality Properties

In other news, Director Alvin L. Bowles, Jr. sold 900 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was 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 in the company, valued at $337,843.36. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Alvin L. Bowles, Jr. sold 900 shares of the company's stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $107.32, for a total value of $96,588.00. Following the transaction, the director now directly owns 3,148 shares in the company, valued at $337,843.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Colin V. Reed purchased 8,077 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were acquired at an average cost of $97.78 per share, for a total transaction of $789,769.06. Following the completion of the transaction, the chairman now 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 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.