Russell Investments Group Ltd. Sells 24,145 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Russell Investments Group Ltd. decreased its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 6.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 331,131 shares of the real estate investment trust's stock after selling 24,145 shares during the period. Russell Investments Group Ltd. owned approximately 0.55% of Ryman Hospitality Properties worth $34,550,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in RHP. Arizona State Retirement System boosted its position in shares of Ryman Hospitality Properties by 0.8% during the 4th quarter. Arizona State Retirement System now owns 16,515 shares of the real estate investment trust's stock valued at $1,723,000 after acquiring an additional 132 shares during the last quarter. Tidal Investments LLC raised its stake in Ryman Hospitality Properties by 2.1% in the third quarter. Tidal Investments LLC now owns 7,264 shares of the real estate investment trust's stock valued at $779,000 after purchasing an additional 152 shares in the last quarter. Summit Global Investments lifted its position in Ryman Hospitality Properties by 2.1% during the fourth quarter. Summit Global Investments now owns 7,597 shares of the real estate investment trust's stock valued at $793,000 after purchasing an additional 153 shares during the last quarter. Blue Trust Inc. grew its stake in Ryman Hospitality Properties by 23.4% in the 4th quarter. Blue Trust Inc. now owns 845 shares of the real estate investment trust's stock worth $91,000 after buying an additional 160 shares in the last quarter. Finally, Captrust Financial Advisors grew its stake in Ryman Hospitality Properties by 4.2% in the 3rd quarter. Captrust Financial Advisors now owns 5,283 shares of the real estate investment trust's stock worth $567,000 after buying an additional 213 shares in the last quarter. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Buying and Selling at Ryman Hospitality Properties

In related news, Director Alvin L. Bowles, Jr. sold 473 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $97.03, for a total value of $45,895.19. Following the sale, the director now directly owns 2,675 shares of the company's stock, valued at $259,555.25. This trade represents a 15.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Colin V. Reed purchased 8,231 shares of Ryman Hospitality Properties stock in a transaction that occurred on Wednesday, February 26th. The shares were acquired at an average price of $97.54 per share, for a total transaction of $802,851.74. Following the acquisition, the chairman now owns 832,260 shares in the company, valued at $81,178,640.40. This trade represents a 1.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 3.00% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. StockNews.com raised shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a report on Saturday, March 1st. Wells Fargo & Company dropped their price target on Ryman Hospitality Properties from $130.00 to $122.00 and set an "overweight" rating for the company in a research note on Tuesday, February 18th. Truist Financial cut their price objective on Ryman Hospitality Properties from $133.00 to $127.00 and set a "buy" rating for the company in a report on Friday, March 21st. Finally, Jefferies Financial Group decreased their price objective on Ryman Hospitality Properties from $118.00 to $100.00 and set a "buy" rating on the stock in a report on Wednesday. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Ryman Hospitality Properties presently has an average rating of "Moderate Buy" and a consensus target price of $119.67.

Ryman Hospitality Properties Trading Up 2.3 %

Shares of RHP traded up $1.93 during trading hours on Friday, hitting $85.40. The company had a trading volume of 846,013 shares, compared to its average volume of 603,385. Ryman Hospitality Properties, Inc. has a 52-week low of $76.27 and a 52-week high of $121.77. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 6.07. The stock's 50 day moving average price is $95.52 and its 200 day moving average price is $104.45. The firm has a market cap of $5.12 billion, a P/E ratio of 19.45, a P/E/G ratio of 2.71 and a beta of 1.38.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 EPS for the quarter, topping analysts' consensus estimates of $1.21 by $0.94. The business had revenue of $647.63 million for the quarter, compared to analysts' expectations of $656.01 million. Ryman Hospitality Properties had a return on equity of 49.23% and a net margin of 11.61%. On average, research analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.

Ryman Hospitality Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 5.39%. The ex-dividend date is Monday, March 31st. Ryman Hospitality Properties's dividend payout ratio (DPR) is presently 104.78%.

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.