Shell Asset Management Co. Has $620,000 Stock Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Shell Asset Management Co. reduced its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHPFree Report) by 1.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 7,442 shares of the real estate investment trust’s stock after selling 129 shares during the period. Shell Asset Management Co.’s holdings in Ryman Hospitality Properties were worth $620,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. BlackRock Inc. raised its holdings in shares of Ryman Hospitality Properties by 5.8% in the second quarter. BlackRock Inc. now owns 6,252,807 shares of the real estate investment trust’s stock valued at $581,011,000 after purchasing an additional 344,475 shares during the last quarter. State Street Corp increased its holdings in Ryman Hospitality Properties by 4.6% during the second quarter. State Street Corp now owns 2,765,963 shares of the real estate investment trust’s stock worth $259,714,000 after buying an additional 121,348 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Ryman Hospitality Properties by 16.1% during the first quarter. Goldman Sachs Group Inc. now owns 2,071,299 shares of the real estate investment trust’s stock worth $192,155,000 after buying an additional 287,880 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Ryman Hospitality Properties by 2.6% during the second quarter. JPMorgan Chase & Co. now owns 1,620,046 shares of the real estate investment trust’s stock worth $150,535,000 after buying an additional 41,401 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in Ryman Hospitality Properties by 6.7% during the second quarter. Geode Capital Management LLC now owns 1,228,202 shares of the real estate investment trust’s stock worth $114,125,000 after buying an additional 77,304 shares during the last quarter. 91.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Chairman Colin V. Reed sold 15,000 shares of the business’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $96.72, for a total value of $1,450,800.00. Following the completion of the sale, the chairman now owns 764,614 shares of the company’s stock, valued at $73,953,466.08. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, COO Patrick S. Chaffin sold 1,380 shares of the business’s stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $109.63, for a total value of $151,289.40. Following the completion of the sale, the chief operating officer now owns 33,807 shares of the company’s stock, valued at $3,706,261.41. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Colin V. Reed sold 15,000 shares of the business’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $96.72, for a total transaction of $1,450,800.00. Following the completion of the sale, the chairman now directly owns 764,614 shares of the company’s stock, valued at approximately $73,953,466.08. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 31,380 shares of company stock valued at $3,054,689. 3.30% of the stock is owned by company insiders.

Ryman Hospitality Properties Trading Down 0.0 %

RHP stock opened at $114.56 on Friday. The company has a debt-to-equity ratio of 7.12, a current ratio of 1.83 and a quick ratio of 1.83. The company has a fifty day moving average price of $110.33 and a two-hundred day moving average price of $95.96. Ryman Hospitality Properties, Inc. has a one year low of $77.18 and a one year high of $115.56. The stock has a market cap of $6.84 billion, a price-to-earnings ratio of 29.83, a price-to-earnings-growth ratio of 1.35 and a beta of 1.57.

Ryman Hospitality Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date of this dividend was Thursday, December 28th. This is a boost from Ryman Hospitality Properties’s previous quarterly dividend of $1.00. Ryman Hospitality Properties’s payout ratio is presently 114.58%.

Analyst Upgrades and Downgrades

RHP has been the topic of a number of recent analyst reports. StockNews.com upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Thursday, February 1st. JPMorgan Chase & Co. upgraded shares of Ryman Hospitality Properties from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $89.00 to $102.00 in a report on Thursday, December 14th. Raymond James boosted their target price on shares of Ryman Hospitality Properties from $115.00 to $135.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Wells Fargo & Company boosted their target price on shares of Ryman Hospitality Properties from $114.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday, December 22nd. Finally, Truist Financial lifted their price objective on shares of Ryman Hospitality Properties from $124.00 to $134.00 and gave the stock a “buy” rating in a research report on Friday, January 12th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Ryman Hospitality Properties currently has an average rating of “Moderate Buy” and an average price target of $116.71.

Check Out Our Latest Research Report on Ryman Hospitality Properties

Ryman Hospitality Properties Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Ryman Hospitality Properties (NYSE:RHP)

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