PGGM Investments Sells 45,591 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

PGGM Investments trimmed its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 8.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 503,530 shares of the real estate investment trust's stock after selling 45,591 shares during the quarter. PGGM Investments owned 0.84% of Ryman Hospitality Properties worth $52,538,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Principal Financial Group Inc. boosted its holdings in Ryman Hospitality Properties by 41.9% in the third quarter. Principal Financial Group Inc. now owns 3,153,360 shares of the real estate investment trust's stock worth $338,168,000 after acquiring an additional 931,283 shares in the last quarter. Cooke & Bieler LP purchased a new position in shares of Ryman Hospitality Properties in the 4th quarter worth $74,811,000. Hamlin Capital Management LLC bought a new position in shares of Ryman Hospitality Properties in the 4th quarter worth approximately $65,142,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Ryman Hospitality Properties by 483.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 609,761 shares of the real estate investment trust's stock worth $65,391,000 after purchasing an additional 505,207 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in Ryman Hospitality Properties by 3,800.4% in the 3rd quarter. Victory Capital Management Inc. now owns 292,410 shares of the real estate investment trust's stock worth $31,358,000 after buying an additional 284,913 shares during the period. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

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Ryman Hospitality Properties Price Performance

RHP traded up $0.93 during midday trading on Monday, reaching $97.49. 1,120,182 shares of the company's stock were exchanged, compared to its average volume of 479,102. The business's 50-day moving average price is $101.60 and its 200 day moving average price is $106.60. The stock has a market capitalization of $5.84 billion, a PE ratio of 22.21, a P/E/G ratio of 2.71 and a beta of 1.65. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.73. Ryman Hospitality Properties, Inc. has a 1-year low of $93.17 and a 1-year high of $121.77.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analyst estimates of $656.01 million. As a group, equities analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $1.15 dividend. The ex-dividend date is Monday, March 31st. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.72%. Ryman Hospitality Properties's dividend payout ratio (DPR) is presently 104.78%.

Analyst Ratings Changes

Several research analysts recently commented on the company. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $100.00 price target on shares of Ryman Hospitality Properties in a research report on Friday, December 13th. BMO Capital Markets assumed coverage on Ryman Hospitality Properties in a research note on Monday, December 9th. They issued an "outperform" rating and a $133.00 target price for the company. Truist Financial reaffirmed a "buy" rating and set a $133.00 target price (down from $136.00) on shares of Ryman Hospitality Properties in a report on Tuesday, February 25th. Wells Fargo & Company reduced their price objective on shares of Ryman Hospitality Properties from $130.00 to $122.00 and set an "overweight" rating for the company in a research report on Tuesday, February 18th. Finally, StockNews.com upgraded Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a report on Saturday, March 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have given 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 $125.67.

Insider Transactions at Ryman Hospitality Properties

In related news, Director Alvin L. Bowles, Jr. sold 473 shares of Ryman Hospitality Properties stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $97.03, for a total transaction of $45,895.19. Following 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Colin V. Reed acquired 8,231 shares of Ryman Hospitality Properties stock in a transaction dated Wednesday, February 26th. The shares were bought at an average cost of $97.54 per share, with a total value of $802,851.74. Following the completion of the purchase, the chairman now owns 832,260 shares in the company, valued at approximately $81,178,640.40. This represents a 1.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 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.