Gamco Investors INC. ET AL Reduces Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Gamco Investors INC. ET AL lessened its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 0.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 966,543 shares of the real estate investment trust’s stock after selling 7,680 shares during the period. Ryman Hospitality Properties comprises approximately 1.1% of Gamco Investors INC. ET AL’s investment portfolio, making the stock its 13th biggest position. Gamco Investors INC. ET AL owned 1.61% of Ryman Hospitality Properties worth $100,849,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Victory Capital Management Inc. boosted its position in 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 buying an additional 255,229 shares during the period. Paradigm Asset Management Co. LLC purchased a new stake in shares of Ryman Hospitality Properties in the fourth quarter valued at approximately $741,000. Integrated Quantitative Investments LLC bought a new position in Ryman Hospitality Properties in the fourth quarter worth approximately $336,000. Van ECK Associates Corp increased its holdings in Ryman Hospitality Properties by 10.2% during the 4th 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, Principal Financial Group Inc. raised its position in Ryman Hospitality Properties by 3.2% during the 4th quarter. Principal Financial Group Inc. now owns 3,254,693 shares of the real estate investment trust’s stock valued at $339,596,000 after purchasing an additional 101,333 shares in the last quarter. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Ryman Hospitality Properties

In related news, 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 cost of $97.54 per share, with a total value of $802,851.74. Following the completion of the transaction, the chairman now directly owns 832,260 shares of the company’s stock, valued at $81,178,640.40. This trade represents a 1.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 transaction of $45,895.19. Following the completion of the transaction, the director now owns 2,675 shares in the company, valued at approximately $259,555.25. This represents a 15.03 % decrease in their position. The disclosure for this sale can be found here. 3.00% of the stock is owned by insiders.

Ryman Hospitality Properties Trading Down 0.2 %

NYSE:RHP opened at $85.30 on Tuesday. Ryman Hospitality Properties, Inc. has a 52-week low of $76.27 and a 52-week high of $121.77. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 6.07. The stock has a fifty day simple moving average of $95.17 and a 200-day simple moving average of $104.28. The company has a market capitalization of $5.12 billion, a PE ratio of 19.43, a price-to-earnings-growth ratio of 2.71 and a beta of 1.38.

Ryman Hospitality Properties (NYSE:RHP) last announced its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $2.15 EPS for the quarter, beating 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 business had revenue of $647.63 million during the quarter, compared to the consensus estimate of $656.01 million. On average, equities research analysts expect that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $1.15 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $4.60 dividend on an annualized basis and a dividend yield of 5.39%. Ryman Hospitality Properties’s dividend payout ratio is currently 104.78%.

Analyst Ratings Changes

Several brokerages have issued reports on RHP. Jefferies Financial Group dropped their target price on shares of Ryman Hospitality Properties from $118.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th. Wells Fargo & Company lowered their target price on Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating for the company in a report on Tuesday, February 18th. StockNews.com upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Saturday, March 1st. Finally, Truist Financial dropped their price objective on 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 research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $119.67.

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.