Phocas Financial Corp. reduced its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP – Free Report) by 1.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 137,645 shares of the real estate investment trust’s stock after selling 1,401 shares during the quarter. Ryman Hospitality Properties accounts for 1.8% of Phocas Financial Corp.’s holdings, making the stock its 5th biggest holding. Phocas Financial Corp. owned approximately 0.23% of Ryman Hospitality Properties worth $12,790,000 as of its most recent filing with the SEC.
Several other large investors also recently modified their holdings of RHP. Cetera Advisor Networks LLC bought a new stake in shares of Ryman Hospitality Properties during the 1st quarter worth $201,000. PNC Financial Services Group Inc. lifted its position in shares of Ryman Hospitality Properties by 7.4% during 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 buying an additional 361 shares during the last quarter. MetLife Investment Management LLC raised its position in Ryman Hospitality Properties by 50.0% in the first quarter. MetLife Investment Management LLC now owns 28,440 shares of the real estate investment trust’s stock valued at $2,638,000 after purchasing an additional 9,484 shares during the last quarter. Rhumbline Advisers raised its position in Ryman Hospitality Properties by 2.0% in the first quarter. Rhumbline Advisers now owns 68,297 shares of the real estate investment trust’s stock valued at $6,336,000 after purchasing an additional 1,341 shares during the last quarter. Finally, Great West Life Assurance Co. Can raised its position in Ryman Hospitality Properties by 1.2% in the first quarter. Great West Life Assurance Co. Can now owns 46,668 shares of the real estate investment trust’s stock valued at $4,497,000 after purchasing an additional 563 shares during the last quarter. 91.23% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on RHP shares. JPMorgan Chase & Co. lowered their price objective on Ryman Hospitality Properties from $93.00 to $88.00 and set an “underweight” rating for the company in a research report on Monday, August 7th. Deutsche Bank Aktiengesellschaft raised their target price on Ryman Hospitality Properties from $128.00 to $129.00 and gave the stock a “buy” rating in a research note on Monday, August 7th. Truist Financial raised their target price on Ryman Hospitality Properties from $119.00 to $123.00 and gave the stock a “buy” rating in a research note on Friday. Wells Fargo & Company raised their target price on Ryman Hospitality Properties from $96.00 to $107.00 in a research note on Wednesday, July 12th. Finally, StockNews.com assumed coverage on Ryman Hospitality Properties in a research note on Thursday, August 17th. They set a “sell” rating for the company. Two equities research analysts have rated the stock with a sell rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $109.40.
Ryman Hospitality Properties Stock Up 0.2 %
Ryman Hospitality Properties stock traded up $0.17 during mid-day trading on Tuesday, reaching $85.20. The stock had a trading volume of 83,343 shares, compared to its average volume of 447,474. The company has a debt-to-equity ratio of 6.78, a quick ratio of 2.12 and a current ratio of 2.12. Ryman Hospitality Properties, Inc. has a fifty-two week low of $71.63 and a fifty-two week high of $98.60. The stock’s 50-day simple moving average is $88.66 and its 200-day simple moving average is $90.34. The firm has a market capitalization of $5.09 billion, a PE ratio of 21.36, a price-to-earnings-growth ratio of 3.51 and a beta of 1.57.
Ryman Hospitality Properties Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be paid a $1.00 dividend. The ex-dividend date is Thursday, September 28th. This represents a $4.00 dividend on an annualized basis and a yield of 4.69%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 100.25%.
Insider Buying and Selling at Ryman Hospitality Properties
In other news, Director William E. Haslam acquired 11,507 shares of Ryman Hospitality Properties stock in a transaction on Monday, August 14th. The stock was purchased at an average price of $86.90 per share, with a total value of $999,958.30. Following the completion of the purchase, the director now owns 11,507 shares of the company’s stock, valued at approximately $999,958.30. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 3.30% of the company’s stock.
Ryman Hospitality Properties Company 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 ten largest non-gaming convention center hotels in the United States based on total indoor meeting space.
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