Mackenzie Financial Corp Sells 5,385 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Mackenzie Financial Corp lowered its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 55.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,352 shares of the real estate investment trust's stock after selling 5,385 shares during the period. Mackenzie Financial Corp's holdings in Ryman Hospitality Properties were worth $435,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Fifth Third Bancorp raised its position in 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. Parallel Advisors LLC boosted its stake in shares of Ryman Hospitality Properties by 6,550.0% during the 4th quarter. Parallel Advisors LLC now owns 266 shares of the real estate investment trust's stock worth $29,000 after acquiring an additional 262 shares in the last quarter. SYSTM Wealth Solutions LLC bought a new stake in Ryman Hospitality Properties during the second quarter worth approximately $32,000. Quest Partners LLC raised its position in shares of Ryman Hospitality Properties by 8,450.0% in the second quarter. Quest Partners LLC now owns 342 shares of the real estate investment trust's stock valued at $34,000 after purchasing an additional 338 shares during the period. Finally, Larson Financial Group LLC acquired a new stake in shares of Ryman Hospitality Properties in the first quarter valued at about $35,000. Institutional investors and hedge funds own 94.48% of the company's stock.

Insider Activity at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Chairman Colin V. Reed purchased 8,077 shares of the company's stock in a transaction dated Tuesday, August 6th. The shares were bought at an average price of $97.78 per share, with a total value 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. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Chairman Colin V. Reed acquired 8,077 shares of the business's stock in a transaction that occurred on Tuesday, August 6th. The shares were acquired at an average cost of $97.78 per share, with a total value 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 trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Alvin L. Bowles, Jr. sold 900 shares of the stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $107.32, for a total value of $96,588.00. Following the transaction, the director now owns 3,148 shares of the company's stock, valued at approximately $337,843.36. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company's stock.

Ryman Hospitality Properties Trading Up 4.2 %

Ryman Hospitality Properties stock traded up $4.57 during trading hours on Friday, reaching $112.56. 611,684 shares of the company's stock traded hands, compared to its average volume of 454,159. Ryman Hospitality Properties, Inc. has a fifty-two week low of $81.90 and a fifty-two week high of $122.91. The firm's 50 day moving average is $103.03 and its 200-day moving average is $104.37. The company has a debt-to-equity ratio of 5.96, a quick ratio of 1.92 and a current ratio of 1.92. The firm has a market capitalization of $6.74 billion, a price-to-earnings ratio of 23.30, a PEG ratio of 2.34 and a beta of 1.66.

Ryman Hospitality Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders 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 dividend yield of 3.91%. Ryman Hospitality Properties's payout ratio is currently 91.10%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on RHP shares. StockNews.com raised shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research report on Friday, August 9th. Wells Fargo & Company lowered their target price on shares of Ryman Hospitality Properties from $127.00 to $115.00 and set an "overweight" rating on the stock in a report on Friday, September 13th. Finally, JPMorgan Chase & Co. increased 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. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $124.20.

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.