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

Duff & Phelps Investment Management Co. boosted its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 4.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 636,914 shares of the real estate investment trust’s stock after buying an additional 25,883 shares during the quarter. Duff & Phelps Investment Management Co.’s holdings in Ryman Hospitality Properties were worth $66,456,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of RHP. Arizona State Retirement System lifted its stake in Ryman Hospitality Properties by 0.8% in the fourth quarter. Arizona State Retirement System now owns 16,515 shares of the real estate investment trust’s stock worth $1,723,000 after purchasing an additional 132 shares during the last quarter. Tidal Investments LLC grew its position in Ryman Hospitality Properties by 2.1% in the 3rd quarter. Tidal Investments LLC now owns 7,264 shares of the real estate investment trust’s stock valued at $779,000 after acquiring an additional 152 shares during the last quarter. Summit Global Investments increased its stake in Ryman Hospitality Properties by 2.1% in the fourth quarter. Summit Global Investments now owns 7,597 shares of the real estate investment trust’s stock worth $793,000 after purchasing an additional 153 shares during the period. Blue Trust Inc. lifted its position in shares of Ryman Hospitality Properties by 23.4% during the fourth quarter. Blue Trust Inc. now owns 845 shares of the real estate investment trust’s stock worth $91,000 after purchasing an additional 160 shares during the last quarter. Finally, Captrust Financial Advisors boosted its position 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 valued at $567,000 after buying an additional 213 shares during the period. 94.48% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Saturday, March 1st. BMO Capital Markets initiated coverage on shares of Ryman Hospitality Properties in a research note on Monday, December 9th. They set an “outperform” rating and a $133.00 price objective for the company. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $100.00 price objective on shares of Ryman Hospitality Properties in a research report on Friday, December 13th. Wells Fargo & Company reduced their target price on 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. Finally, Truist Financial dropped their target price on shares of Ryman Hospitality Properties from $133.00 to $127.00 and set a “buy” rating on the stock in a research report on Friday, March 21st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Ryman Hospitality Properties presently has a consensus rating of “Moderate Buy” and an average price target of $124.67.

Insider Activity at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Chairman Colin V. Reed bought 8,231 shares of the stock in a transaction dated Wednesday, February 26th. The shares were acquired at an average cost of $97.54 per share, for a total transaction of $802,851.74. Following the completion of the transaction, the chairman now owns 832,260 shares in the company, valued at approximately $81,178,640.40. The trade was a 1.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alvin L. Bowles, Jr. sold 473 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The shares were 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 approximately $259,555.25. This represents a 15.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.00% of the stock is owned by corporate insiders.

Ryman Hospitality Properties Stock Performance

Shares of NYSE RHP opened at $93.44 on Friday. The company has a market capitalization of $5.60 billion, a PE ratio of 21.28, a price-to-earnings-growth ratio of 2.71 and a beta of 1.65. Ryman Hospitality Properties, Inc. has a 1 year low of $92.04 and a 1 year high of $121.77. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.73 and a current ratio of 1.73. The company’s fifty day moving average price is $100.24 and its 200 day moving average price is $106.14.

Ryman Hospitality Properties (NYSE:RHP) last released its 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 net margin of 11.61% and a return on equity of 49.23%. The business had revenue of $647.63 million during the quarter, compared to analyst estimates of $656.01 million. On average, research analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current year.

Ryman Hospitality Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $1.15 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $4.60 annualized dividend and a yield of 4.92%. Ryman Hospitality Properties’s payout ratio is 104.78%.

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.