Amica Mutual Insurance Co. Decreases Stock Holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Amica Mutual Insurance Co. lowered its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 31.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,490 shares of the real estate investment trust’s stock after selling 4,870 shares during the period. Amica Mutual Insurance Co.’s holdings in Ryman Hospitality Properties were worth $1,155,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Knights of Columbus Asset Advisors LLC lifted its stake in Ryman Hospitality Properties by 98.7% in 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 acquiring an additional 47,077 shares during the period. Nordea Investment Management AB increased its stake in shares of Ryman Hospitality Properties by 22.8% in the 3rd 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 in the last quarter. DekaBank Deutsche Girozentrale grew its holdings in Ryman Hospitality Properties by 29.3% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 39,448 shares of the real estate investment trust’s stock worth $4,336,000 after purchasing an additional 8,945 shares during the period. Reinhart Partners LLC. increased its stake in shares of Ryman Hospitality Properties by 9.6% during the fourth 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 in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Ryman Hospitality Properties during the third quarter valued at approximately $700,000. Institutional investors own 94.48% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In related news, COO Patrick S. Chaffin sold 16,189 shares of the firm’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $119.74, for a total value of $1,938,470.86. Following the completion of the transaction, the chief operating officer now directly owns 17,618 shares of the company’s stock, valued at $2,109,579.32. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 3.00% of the company’s stock.

Ryman Hospitality Properties Price Performance

Shares of Ryman Hospitality Properties stock traded up $0.07 on Monday, hitting $107.13. 280,942 shares of the company traded hands, compared to its average volume of 423,747. 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 stock has a market capitalization of $6.42 billion, a P/E ratio of 20.68, a price-to-earnings-growth ratio of 0.75 and a beta of 1.57. The business has a 50-day simple moving average of $114.58 and a 200 day simple moving average of $107.10. Ryman Hospitality Properties, Inc. has a 52 week low of $79.86 and a 52 week high of $122.91.

Ryman Hospitality Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 4.11%. The ex-dividend date was Wednesday, March 27th. Ryman Hospitality Properties’s dividend payout ratio is presently 84.94%.

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.