T. Rowe Price Investment Management Inc. Sells 37,095 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

T. Rowe Price Investment Management Inc. lowered its position in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 5.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 605,536 shares of the real estate investment trust's stock after selling 37,095 shares during the period. T. Rowe Price Investment Management Inc. owned 1.01% of Ryman Hospitality Properties worth $63,182,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in RHP. Heck Capital Advisors LLC acquired a new position in shares of Ryman Hospitality Properties during the 4th quarter worth $31,000. Harvest Fund Management Co. Ltd bought a new position in Ryman Hospitality Properties during the fourth quarter valued at about $72,000. Venturi Wealth Management LLC acquired a new stake in shares of Ryman Hospitality Properties in the fourth quarter worth about $83,000. Covestor Ltd boosted its stake in shares of Ryman Hospitality Properties by 33.3% during the 4th quarter. Covestor Ltd now owns 829 shares of the real estate investment trust's stock worth $87,000 after acquiring an additional 207 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of Ryman Hospitality Properties by 23.4% during the 4th quarter. Blue Trust Inc. now owns 845 shares of the real estate investment trust's stock valued at $91,000 after acquiring an additional 160 shares during the last quarter. Institutional investors own 94.48% of the company's stock.

Ryman Hospitality Properties Stock Up 1.5 %

RHP traded up $1.27 during trading on Monday, reaching $87.58. The company had a trading volume of 683,243 shares, compared to its average volume of 613,783. The business's fifty day moving average price is $91.67 and its 200 day moving average price is $102.60. The company has a market cap of $5.25 billion, a P/E ratio of 19.95, a PEG ratio of 2.71 and a beta of 1.38. 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 12 month low of $76.27 and a 12 month high of $121.77.

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

Ryman Hospitality Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $1.15 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $4.60 annualized dividend and a dividend yield of 5.25%. Ryman Hospitality Properties's payout ratio is 104.78%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on RHP shares. Wells Fargo & Company decreased their target price on 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. Jefferies Financial Group cut their target price on shares of Ryman Hospitality Properties from $118.00 to $100.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. StockNews.com raised Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research report on Saturday, March 1st. 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 research report on Friday, March 21st. Finally, Evercore ISI cut their price target on Ryman Hospitality Properties from $130.00 to $120.00 and set an "outperform" rating for the company in a report on Monday. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $119.71.

Insider Transactions at Ryman Hospitality Properties

In other news, Director Alvin L. Bowles, Jr. sold 473 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $97.03, for a total value of $45,895.19. Following the completion of the sale, the director now directly owns 2,675 shares of the company's stock, valued at $259,555.25. This represents a 15.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Colin V. Reed bought 8,231 shares of the company's stock in a transaction on Wednesday, February 26th. The shares were purchased at an average cost of $97.54 per share, for a total transaction of $802,851.74. Following the transaction, 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 5.00% of the company's stock.

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.