Diamond Hill Capital Management Inc. Has $59.53 Million Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Diamond Hill Capital Management Inc. reduced its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 11.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 570,544 shares of the real estate investment trust’s stock after selling 76,414 shares during the period. Diamond Hill Capital Management Inc. owned about 0.95% of Ryman Hospitality Properties worth $59,531,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Quarry LP acquired a new position in shares of Ryman Hospitality Properties during the third quarter worth about $28,000. Heck Capital Advisors LLC acquired a new position in shares of Ryman Hospitality Properties during the fourth quarter worth about $31,000. Avior Wealth Management LLC boosted its position in shares of Ryman Hospitality Properties by 44.9% during the third quarter. Avior Wealth Management LLC now owns 442 shares of the real estate investment trust’s stock worth $47,000 after buying an additional 137 shares during the period. Farther Finance Advisors LLC boosted its position in shares of Ryman Hospitality Properties by 79.9% during the third quarter. Farther Finance Advisors LLC now owns 491 shares of the real estate investment trust’s stock worth $53,000 after buying an additional 218 shares during the period. Finally, Venturi Wealth Management LLC acquired a new position in shares of Ryman Hospitality Properties during the fourth quarter worth about $83,000. 94.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. JPMorgan Chase & Co. reissued an “underweight” rating and set a $100.00 price target on shares of Ryman Hospitality Properties in a research report on Friday, December 13th. BMO Capital Markets assumed coverage on Ryman Hospitality Properties in a research report on Monday, December 9th. They set an “outperform” rating and a $133.00 price target for the company. StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Saturday, March 1st. Truist Financial reissued a “buy” rating and set a $133.00 price target (down from $136.00) on shares of Ryman Hospitality Properties in a research report on Tuesday, February 25th. Finally, Wells Fargo & Company reduced their price target on Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating for the company in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Ryman Hospitality Properties has a consensus rating of “Moderate Buy” and a consensus price target of $125.67.

Ryman Hospitality Properties Price Performance

NYSE:RHP opened at $93.42 on Friday. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 6.07. The stock’s 50 day moving average price is $101.75 and its two-hundred day moving average price is $106.59. The firm has a market capitalization of $5.60 billion, a price-to-earnings ratio of 21.28, a P/E/G ratio of 2.71 and a beta of 1.65. Ryman Hospitality Properties, Inc. has a 12-month low of $93.17 and a 12-month high of $121.77.

Ryman Hospitality Properties (NYSE:RHP) last released its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.94. The firm had revenue of $647.63 million for 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%. On average, analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current year.

Ryman Hospitality Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $1.15 per share. The ex-dividend date is Monday, March 31st. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.92%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is currently 104.78%.

Insider Transactions at Ryman Hospitality Properties

In other news, Director Alvin L. Bowles, Jr. sold 473 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $97.03, for a total transaction of $45,895.19. Following the transaction, the director now owns 2,675 shares in the company, valued at approximately $259,555.25. This trade represents a 15.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Colin V. Reed bought 8,231 shares of the stock in a transaction dated Wednesday, February 26th. The shares were purchased at an average price of $97.54 per share, for a total transaction of $802,851.74. Following the purchase, the chairman now owns 832,260 shares of the company’s stock, valued at $81,178,640.40. This trade represents a 1.00 % increase in their position. The disclosure for this purchase can be found here. 3.00% of the stock is owned by corporate insiders.

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.