Russell Investments Group Ltd. Increases Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Russell Investments Group Ltd. boosted its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 22.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 434,920 shares of the real estate investment trust’s stock after purchasing an additional 79,699 shares during the period. Russell Investments Group Ltd.’s holdings in Ryman Hospitality Properties were worth $47,890,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the company. GAMMA Investing LLC purchased a new position in shares of Ryman Hospitality Properties in the fourth quarter valued at $27,000. Signaturefd LLC boosted its stake 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 worth $36,000 after purchasing an additional 275 shares during the period. 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 valued at $101,000 after buying an additional 163 shares in the last quarter. Schnieders Capital Management LLC purchased a new position in Ryman Hospitality Properties during the 4th quarter valued at about $216,000. Finally, TIAA Trust National Association bought a new stake in shares of Ryman Hospitality Properties during the fourth quarter valued at about $220,000. 94.48% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Ryman Hospitality Properties news, COO Patrick S. Chaffin sold 16,189 shares of the company’s 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 sale, the chief operating officer now directly owns 17,618 shares in the company, valued at $2,109,579.32. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 3.00% of the stock is owned by corporate insiders.

Ryman Hospitality Properties Stock Up 0.1 %

Shares of NYSE RHP opened at $107.13 on Tuesday. The stock has a market capitalization of $6.42 billion, a P/E ratio of 20.68, a PEG ratio of 0.75 and a beta of 1.57. Ryman Hospitality Properties, Inc. has a one year low of $79.86 and a one year high of $122.91. The firm’s 50 day simple moving average is $114.39 and its two-hundred day simple moving average is $107.26. The company has a debt-to-equity ratio of 5.90, a current ratio of 1.97 and a quick ratio of 1.97.

Ryman Hospitality Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 4.11%. The ex-dividend date was Wednesday, March 27th. Ryman Hospitality Properties’s dividend payout ratio is currently 84.94%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on RHP shares. StockNews.com raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Friday, February 23rd. 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 report on Thursday, March 14th. Wells Fargo & Company lifted their price objective on Ryman Hospitality Properties from $125.00 to $133.00 and gave the company an “overweight” rating in a research note on Thursday, March 21st. Finally, Raymond James lifted their price target on Ryman Hospitality Properties from $115.00 to $135.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Ryman Hospitality Properties currently has an average rating of “Moderate Buy” and an average price target of $118.00.

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.