Federated Hermes Inc. Sells 81,000 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Federated Hermes Inc. reduced its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 10.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 682,600 shares of the real estate investment trust’s stock after selling 81,000 shares during the quarter. Federated Hermes Inc. owned about 1.14% of Ryman Hospitality Properties worth $75,127,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Nordea Investment Management AB grew its position in shares of Ryman Hospitality Properties by 22.8% in the 3rd quarter. Nordea Investment Management AB now owns 73,093 shares of the real estate investment trust’s stock worth $6,148,000 after buying an additional 13,566 shares during the last quarter. DekaBank Deutsche Girozentrale grew its position in shares of Ryman Hospitality Properties by 29.3% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 39,448 shares of the real estate investment trust’s stock worth $4,336,000 after buying an additional 8,945 shares during the last quarter. Reinhart Partners LLC. boosted its position in shares of Ryman Hospitality Properties by 9.6% during the fourth quarter. Reinhart Partners LLC. now owns 437,788 shares of the real estate investment trust’s stock valued at $48,183,000 after purchasing an additional 38,270 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Ryman Hospitality Properties in the third quarter worth $700,000. Finally, Swiss National Bank grew its stake in Ryman Hospitality Properties by 9.1% in the third quarter. Swiss National Bank now owns 124,600 shares of the real estate investment trust’s stock worth $10,377,000 after purchasing an additional 10,400 shares during the period. 94.48% of the stock is currently owned by institutional investors.

Ryman Hospitality Properties Trading Down 1.7 %

Shares of NYSE:RHP opened at $104.56 on Friday. 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, Inc. has a 1 year low of $79.86 and a 1 year high of $122.91. The company has a market cap of $6.26 billion, a P/E ratio of 20.19, a PEG ratio of 0.75 and a beta of 1.57. The stock’s fifty day moving average price is $115.54 and its 200-day moving average price is $105.83.

Ryman Hospitality Properties Dividend Announcement

The business also recently announced 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. This represents a $4.40 annualized dividend and a yield of 4.21%. The ex-dividend date of this dividend was Wednesday, March 27th. Ryman Hospitality Properties’s dividend payout ratio is currently 84.94%.

Insider Activity

In related news, COO Patrick S. Chaffin sold 16,189 shares of the 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 $2,109,579.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 3.00% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Wells Fargo & Company boosted their target price on shares of Ryman Hospitality Properties from $125.00 to $133.00 and gave the company an “overweight” rating in a report on Thursday, March 21st. Raymond James raised 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 note on Friday, February 2nd. StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Friday, February 23rd. Finally, Truist Financial raised their price objective on Ryman Hospitality Properties from $134.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Ryman Hospitality Properties presently has an average rating of “Moderate Buy” and a consensus 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.