Federated Hermes Inc. Sells 33,770 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Federated Hermes Inc. lowered its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 4.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 652,591 shares of the real estate investment trust’s stock after selling 33,770 shares during the period. Federated Hermes Inc.’s holdings in Ryman Hospitality Properties were worth $68,091,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. Victory Capital Management Inc. increased its holdings in shares of Ryman Hospitality Properties by 87.3% in the fourth quarter. Victory Capital Management Inc. now owns 547,639 shares of the real estate investment trust’s stock worth $57,141,000 after buying an additional 255,229 shares during the period. Paradigm Asset Management Co. LLC bought a new stake in Ryman Hospitality Properties in the fourth quarter valued at approximately $741,000. Van ECK Associates Corp boosted its stake in shares of Ryman Hospitality Properties by 10.2% during the fourth quarter. Van ECK Associates Corp now owns 11,109 shares of the real estate investment trust’s stock valued at $1,159,000 after purchasing an additional 1,029 shares during the period. Quantinno Capital Management LP bought a new position in shares of Ryman Hospitality Properties in the third quarter worth approximately $488,000. Finally, Principal Financial Group Inc. increased its stake in shares of Ryman Hospitality Properties by 3.2% in the fourth quarter. Principal Financial Group Inc. now owns 3,254,693 shares of the real estate investment trust’s stock worth $339,596,000 after buying an additional 101,333 shares during the period. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Wall Street Analyst Weigh In

RHP has been the topic of a number of recent analyst reports. Wells Fargo & Company cut their price target on shares of Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $100.00 target price on shares of Ryman Hospitality Properties in a research note on Friday, December 13th. Truist Financial lowered their price target on Ryman Hospitality Properties from $133.00 to $127.00 and set a “buy” rating for the company in a research report on Friday, March 21st. BMO Capital Markets assumed coverage on Ryman Hospitality Properties in a research report on Monday, December 9th. They issued an “outperform” rating and a $133.00 price objective on the stock. Finally, StockNews.com upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Saturday, March 1st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $124.67.

Ryman Hospitality Properties Trading Down 1.3 %

RHP opened at $84.84 on Monday. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 6.07. Ryman Hospitality Properties, Inc. has a 52 week low of $80.47 and a 52 week high of $121.77. The stock has a market cap of $5.08 billion, a PE ratio of 19.33, a PEG ratio of 2.71 and a beta of 1.38. The business has a 50 day moving average of $98.59 and a 200-day moving average of $105.74.

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 the consensus estimate of $1.21 by $0.94. The business had revenue of $647.63 million during the quarter, compared to analyst estimates of $656.01 million. Ryman Hospitality Properties had a return on equity of 49.23% and a net margin of 11.61%. Equities research analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

The firm also recently disclosed 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. This represents a $4.60 annualized dividend and a yield of 5.42%. The ex-dividend date is Monday, March 31st. Ryman Hospitality Properties’s payout ratio is currently 104.78%.

Insiders Place Their Bets

In related news, Director Alvin L. Bowles, Jr. sold 473 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $97.03, for a total value of $45,895.19. Following the sale, the director now owns 2,675 shares in the company, valued at $259,555.25. This represents a 15.03 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Colin V. Reed acquired 8,231 shares of the stock in a transaction on Wednesday, February 26th. The shares were bought at an average price of $97.54 per share, with a total value of $802,851.74. Following the purchase, the chairman now directly owns 832,260 shares of the company’s stock, valued at $81,178,640.40. The trade was a 1.00 % increase in their position. The disclosure for this purchase can be found here. 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.