Duff & Phelps Investment Management Co. Boosts Holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Duff & Phelps Investment Management Co. raised its position in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 4.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 636,914 shares of the real estate investment trust's stock after purchasing an additional 25,883 shares during the quarter. Duff & Phelps Investment Management Co. owned 1.06% of Ryman Hospitality Properties worth $66,456,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Victory Capital Management Inc. increased its holdings in shares of Ryman Hospitality Properties by 87.3% in the 4th quarter. Victory Capital Management Inc. now owns 547,639 shares of the real estate investment trust's stock valued at $57,141,000 after acquiring an additional 255,229 shares during the last quarter. Citigroup Inc. grew its holdings in Ryman Hospitality Properties by 72.9% during the third quarter. Citigroup Inc. now owns 54,239 shares of the real estate investment trust's stock valued at $5,817,000 after purchasing an additional 22,871 shares during the last quarter. Paradigm Asset Management Co. LLC bought a new position in shares of Ryman Hospitality Properties in the fourth quarter worth about $741,000. Van ECK Associates Corp lifted its position in Ryman Hospitality Properties by 10.2% in the fourth quarter. Van ECK Associates Corp now owns 11,109 shares of the real estate investment trust's stock worth $1,159,000 after purchasing an additional 1,029 shares during the period. Finally, Quantinno Capital Management LP bought a new position in shares of Ryman Hospitality Properties in the third quarter valued at approximately $488,000. 94.48% of the stock is owned by institutional investors and hedge funds.

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Insider Activity

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

Analysts Set New Price Targets

RHP has been the topic of several analyst reports. StockNews.com upgraded shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a report on Saturday, March 1st. Wells Fargo & Company decreased their price target on shares of Ryman Hospitality Properties from $130.00 to $122.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 18th. Truist Financial cut their price objective on shares of Ryman Hospitality Properties from $133.00 to $127.00 and set a "buy" rating for the company in a research report on Friday, March 21st. BMO Capital Markets began coverage on Ryman Hospitality Properties in a report on Monday, December 9th. They issued an "outperform" rating and a $133.00 price objective for the company. Finally, JPMorgan Chase & Co. reissued an "underweight" rating and issued a $100.00 target price on shares of Ryman Hospitality Properties in a report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $124.67.

Ryman Hospitality Properties Stock Performance

NYSE:RHP traded up $1.29 during trading hours on Tuesday, reaching $92.73. The stock had a trading volume of 278,908 shares, compared to its average volume of 557,712. The stock has a 50 day simple moving average of $99.79 and a 200 day simple moving average of $106.10. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.73 and a current ratio of 1.73. Ryman Hospitality Properties, Inc. has a 12-month low of $89.01 and a 12-month high of $121.77. The stock has a market cap of $5.55 billion, a P/E ratio of 21.23, a price-to-earnings-growth ratio of 2.71 and a beta of 1.65.

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

Ryman Hospitality Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 4.96%. The ex-dividend date of this dividend 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.