Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Sold by Bruni J V & Co. Co.

Bruni J V & Co. Co. lowered its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 4.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 518,838 shares of the real estate investment trust’s stock after selling 22,020 shares during the quarter. Ryman Hospitality Properties comprises 7.1% of Bruni J V & Co. Co.’s investment portfolio, making the stock its 2nd biggest holding. Bruni J V & Co. Co. owned about 0.87% of Ryman Hospitality Properties worth $57,103,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Knights of Columbus Asset Advisors LLC increased its position in shares of Ryman Hospitality Properties by 98.7% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 94,772 shares of the real estate investment trust’s stock worth $10,431,000 after purchasing an additional 47,077 shares in the last quarter. Nordea Investment Management AB grew its position in shares of Ryman Hospitality Properties by 22.8% during the third quarter. Nordea Investment Management AB now owns 73,093 shares of the real estate investment trust’s stock worth $6,148,000 after acquiring an additional 13,566 shares during the last quarter. DekaBank Deutsche Girozentrale increased its holdings in shares of Ryman Hospitality Properties by 29.3% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 39,448 shares of the real estate investment trust’s stock valued at $4,336,000 after acquiring an additional 8,945 shares during the period. Reinhart Partners LLC. raised its position in Ryman Hospitality Properties by 9.6% in the 4th quarter. Reinhart Partners LLC. now owns 437,788 shares of the real estate investment trust’s stock valued at $48,183,000 after purchasing an additional 38,270 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Ryman Hospitality Properties during the 3rd quarter worth $700,000. Institutional investors and hedge funds own 94.48% of the company’s stock.

Analysts Set New Price Targets

RHP has been the subject of a number of research reports. Raymond James upped their target price on shares of Ryman Hospitality Properties from $115.00 to $135.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Wells Fargo & Company lifted their target price on Ryman Hospitality Properties from $125.00 to $133.00 and gave the company an “overweight” rating in a research note on Thursday, March 21st. Truist Financial boosted their target price on Ryman Hospitality Properties from $134.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Finally, StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Friday, February 23rd. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Ryman Hospitality Properties has a consensus rating of “Moderate Buy” and a consensus price target of $118.00.

Insiders Place Their Bets

In other news, COO Patrick S. Chaffin sold 16,189 shares of Ryman Hospitality Properties stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $119.74, for a total transaction of $1,938,470.86. Following the completion of the sale, the chief operating officer now directly owns 17,618 shares in the company, valued at approximately $2,109,579.32. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.00% of the stock is currently owned by company insiders.

Ryman Hospitality Properties Price Performance

NYSE:RHP traded up $0.10 during trading hours on Friday, hitting $107.06. The company’s stock had a trading volume of 305,102 shares, compared to its average volume of 395,451. Ryman Hospitality Properties, Inc. has a 52-week low of $79.86 and a 52-week high of $122.91. The company has a debt-to-equity ratio of 5.90, a quick ratio of 1.97 and a current ratio of 1.97. The business’s 50-day moving average is $114.58 and its two-hundred day moving average is $106.95. The company has a market capitalization of $6.41 billion, a PE ratio of 20.67, a PEG ratio of 0.75 and a beta of 1.57.

Ryman Hospitality Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 4.11%. The ex-dividend date was Wednesday, March 27th. Ryman Hospitality Properties’s dividend payout ratio (DPR) is 84.94%.

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.