Vanguard Group Inc. Sells 49,186 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Vanguard Group Inc. trimmed its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 0.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,295,322 shares of the real estate investment trust's stock after selling 49,186 shares during the period. Vanguard Group Inc. owned 13.85% of Ryman Hospitality Properties worth $865,534,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Stevens Capital Management LP bought a new stake in Ryman Hospitality Properties in the fourth quarter worth $243,000. LPL Financial LLC boosted its stake in shares of Ryman Hospitality Properties by 144.4% during the 4th quarter. LPL Financial LLC now owns 16,538 shares of the real estate investment trust's stock worth $1,726,000 after acquiring an additional 9,770 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Ryman Hospitality Properties during the 4th quarter valued at about $1,432,000. Summit Global Investments raised its stake in shares of Ryman Hospitality Properties by 2.1% in the 4th quarter. Summit Global Investments now owns 7,597 shares of the real estate investment trust's stock valued at $793,000 after acquiring an additional 153 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Ryman Hospitality Properties by 86.3% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,967 shares of the real estate investment trust's stock worth $1,979,000 after purchasing an additional 8,785 shares during the last quarter. 94.48% of the stock is owned by institutional investors.

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Ryman Hospitality Properties Stock Performance

Shares of RHP stock traded down $7.95 during mid-day trading on Thursday, reaching $85.96. The stock had a trading volume of 1,679,220 shares, compared to its average volume of 567,727. The firm has a market cap of $5.15 billion, a PE ratio of 19.58, a P/E/G ratio of 2.71 and a beta of 1.65. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 6.07. Ryman Hospitality Properties, Inc. has a one year low of $85.50 and a one year high of $121.77. The firm's 50 day simple moving average is $98.97 and its 200 day simple moving average is $105.82.

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 analysts' consensus estimates of $1.21 by $0.94. Ryman Hospitality Properties had a net margin of 11.61% and a return on equity of 49.23%. The firm had revenue of $647.63 million for the quarter, compared to the consensus estimate of $656.01 million. On average, analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.

Ryman Hospitality Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 5.35%. The ex-dividend date is Monday, March 31st. Ryman Hospitality Properties's payout ratio is 104.78%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Wells Fargo & Company dropped 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 report on Tuesday, February 18th. StockNews.com raised Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research report on Saturday, March 1st. JPMorgan Chase & Co. reissued an "underweight" rating and set a $100.00 price objective on shares of Ryman Hospitality Properties in a research report on Friday, December 13th. Truist Financial lowered their target price on Ryman Hospitality Properties from $133.00 to $127.00 and set a "buy" rating on the stock in a report on Friday, March 21st. Finally, BMO Capital Markets started coverage on Ryman Hospitality Properties in a research report on Monday, December 9th. They issued an "outperform" rating and a $133.00 price target on the stock. One 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $124.67.

Insider Buying and Selling

In related news, Director Alvin L. Bowles, Jr. sold 473 shares of the firm's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $97.03, for a total transaction 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 trade represents a 15.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Colin V. Reed acquired 8,231 shares of Ryman Hospitality Properties stock in a transaction on Wednesday, February 26th. The stock was acquired at an average cost of $97.54 per share, for a total transaction of $802,851.74. Following the purchase, the chairman now owns 832,260 shares of the company's stock, valued at approximately $81,178,640.40. This represents a 1.00 % increase in their position. The disclosure for this purchase can be found here. 3.00% of the stock is owned by corporate insiders.

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.