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

Federated Hermes Inc. decreased its holdings in 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 institutional investor owned 652,591 shares of the real estate investment trust’s stock after selling 33,770 shares during the quarter. Federated Hermes Inc. owned 1.09% of Ryman Hospitality Properties worth $68,091,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Arizona State Retirement System boosted its position in shares of Ryman Hospitality Properties by 0.8% during the fourth quarter. Arizona State Retirement System now owns 16,515 shares of the real estate investment trust’s stock valued at $1,723,000 after buying an additional 132 shares during the last quarter. Tidal Investments LLC boosted its holdings in Ryman Hospitality Properties by 2.1% during the 3rd quarter. Tidal Investments LLC now owns 7,264 shares of the real estate investment trust’s stock worth $779,000 after acquiring an additional 152 shares during the last quarter. Summit Global Investments boosted its holdings in Ryman Hospitality Properties by 2.1% during the 4th quarter. Summit Global Investments now owns 7,597 shares of the real estate investment trust’s stock worth $793,000 after acquiring an additional 153 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Ryman Hospitality Properties by 23.4% during the fourth quarter. Blue Trust Inc. now owns 845 shares of the real estate investment trust’s stock valued at $91,000 after purchasing an additional 160 shares in the last quarter. Finally, Captrust Financial Advisors lifted its position in shares of Ryman Hospitality Properties by 4.2% during the third quarter. Captrust Financial Advisors now owns 5,283 shares of the real estate investment trust’s stock valued at $567,000 after purchasing an additional 213 shares in the last quarter. Institutional investors and hedge funds own 94.48% of the company’s stock.

Insider Activity

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

Ryman Hospitality Properties Stock Down 1.3 %

RHP opened at $84.84 on Monday. The company has a 50 day moving average of $98.59 and a 200 day moving average of $105.74. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 6.07. Ryman Hospitality Properties, Inc. has a 12 month low of $80.47 and a 12 month high of $121.77. The company has a market cap of $5.08 billion, a PE ratio of 19.33, a price-to-earnings-growth ratio of 2.71 and a beta of 1.38.

Ryman Hospitality Properties (NYSE:RHP) last posted its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.94. Ryman Hospitality Properties had a return on equity of 49.23% and a net margin of 11.61%. The firm had revenue of $647.63 million during the quarter, compared to analyst estimates of $656.01 million. On average, sell-side analysts expect that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.

Ryman Hospitality Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 5.42%. The ex-dividend date of this dividend is Monday, March 31st. Ryman Hospitality Properties’s payout ratio is 104.78%.

Analyst Ratings Changes

Several research firms have commented on RHP. BMO Capital Markets initiated coverage on shares of Ryman Hospitality Properties in a research note on Monday, December 9th. They issued an “outperform” rating and a $133.00 price objective for the company. Truist Financial dropped their price target on Ryman Hospitality Properties from $133.00 to $127.00 and set a “buy” rating on the stock in a report on Friday, March 21st. StockNews.com upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Saturday, March 1st. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $100.00 target price on shares of Ryman Hospitality Properties in a research note on Friday, December 13th. Finally, Wells Fargo & Company decreased their price objective on shares of Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating for the company in a report on Tuesday, February 18th. One 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 MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $124.67.

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.