Federated Hermes Inc. Lowers Stock Holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Federated Hermes Inc. trimmed its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 10.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 682,600 shares of the real estate investment trust’s stock after selling 81,000 shares during the period. Federated Hermes Inc.’s holdings in Ryman Hospitality Properties were worth $75,127,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in RHP. Cetera Advisor Networks LLC purchased a new stake in Ryman Hospitality Properties in the 1st quarter valued at about $201,000. PNC Financial Services Group Inc. lifted its position in shares of Ryman Hospitality Properties by 7.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,250 shares of the real estate investment trust’s stock worth $486,000 after purchasing an additional 361 shares during the period. MetLife Investment Management LLC lifted its position in shares of Ryman Hospitality Properties by 50.0% in the 1st quarter. MetLife Investment Management LLC now owns 28,440 shares of the real estate investment trust’s stock worth $2,638,000 after purchasing an additional 9,484 shares during the period. Rhumbline Advisers lifted its position in shares of Ryman Hospitality Properties by 2.0% in the 1st quarter. Rhumbline Advisers now owns 68,297 shares of the real estate investment trust’s stock worth $6,336,000 after purchasing an additional 1,341 shares during the period. Finally, Great West Life Assurance Co. Can lifted its position in shares of Ryman Hospitality Properties by 1.2% in the 1st quarter. Great West Life Assurance Co. Can now owns 46,668 shares of the real estate investment trust’s stock worth $4,497,000 after purchasing an additional 563 shares during the period. 94.48% of the stock is owned by hedge funds and other institutional investors.

Ryman Hospitality Properties Trading Down 1.7 %

NYSE:RHP opened at $104.56 on Friday. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 5.90. Ryman Hospitality Properties, Inc. has a 52 week low of $79.86 and a 52 week high of $122.91. The stock has a market capitalization of $6.26 billion, a price-to-earnings ratio of 20.19, a PEG ratio of 0.75 and a beta of 1.57. The firm has a 50 day moving average of $115.54 and a 200 day moving average of $105.83.

Ryman Hospitality Properties Dividend Announcement

The business 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 was Wednesday, March 27th. This represents a $4.40 dividend on an annualized basis and a yield of 4.21%. Ryman Hospitality Properties’s payout ratio is 84.94%.

Insider Buying and Selling at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, COO Patrick S. Chaffin sold 16,189 shares of the company’s 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 transaction, the chief operating officer now owns 17,618 shares in the company, valued at approximately $2,109,579.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

RHP has been the subject of several research reports. Truist Financial upped 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 upped their price target on shares of Ryman Hospitality Properties from $125.00 to $133.00 and gave the stock an “overweight” rating in a research report on Thursday, March 21st. Raymond James increased their target price on shares of Ryman Hospitality Properties from $115.00 to $135.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Finally, StockNews.com raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Friday, February 23rd. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Ryman Hospitality Properties currently has an average rating of “Moderate Buy” and an average price target of $118.00.

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.