Duff & Phelps Investment Management Co. Sells 26,627 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Duff & Phelps Investment Management Co. trimmed its position in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 5.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 440,519 shares of the real estate investment trust’s stock after selling 26,627 shares during the quarter. Duff & Phelps Investment Management Co.’s holdings in Ryman Hospitality Properties were worth $48,484,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC bought a new stake in shares of Ryman Hospitality Properties during the 4th quarter valued at approximately $27,000. Signaturefd LLC raised its holdings in Ryman Hospitality Properties by 518.9% in the 4th quarter. Signaturefd LLC now owns 328 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 275 shares during the last quarter. Covestor Ltd grew its holdings in Ryman Hospitality Properties by 15.5% during the 3rd quarter. Covestor Ltd now owns 1,218 shares of the real estate investment trust’s stock worth $101,000 after acquiring an additional 163 shares during the last quarter. Schnieders Capital Management LLC acquired a new position in Ryman Hospitality Properties in the 4th quarter valued at approximately $216,000. Finally, TIAA Trust National Association acquired a new position in shares of Ryman Hospitality Properties during the fourth quarter worth $220,000. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Ryman Hospitality Properties Stock Down 1.0 %

RHP stock traded down $1.03 during trading on Tuesday, reaching $106.10. 92,143 shares of the stock were exchanged, compared to its average volume of 419,639. The firm’s 50 day moving average is $114.39 and its 200 day moving average is $107.26. The firm has a market cap of $6.35 billion, a P/E ratio of 20.68, a price-to-earnings-growth ratio of 0.75 and a beta of 1.57. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 5.90. Ryman Hospitality Properties, Inc. has a twelve month low of $79.86 and a twelve month high of $122.91.

Ryman Hospitality Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a dividend of $1.10 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $4.40 dividend on an annualized basis and a yield of 4.15%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 84.94%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Raymond James raised their target price on Ryman Hospitality Properties from $115.00 to $135.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Truist Financial boosted their price target on shares of Ryman Hospitality Properties from $134.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Wells Fargo & Company lifted their target price on shares of Ryman Hospitality Properties from $125.00 to $133.00 and gave the stock an “overweight” rating in a research note on Thursday, March 21st. Finally, StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Friday, February 23rd. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Ryman Hospitality Properties currently has an average rating of “Moderate Buy” and an average target price 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 dated 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 transaction, the chief operating officer now directly owns 17,618 shares in the company, valued at $2,109,579.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.00% of the company’s stock.

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.