Aew Capital Management L P Sells 6,926 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Aew Capital Management L P lowered its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 0.9% in the fourth quarter, HoldingsChannel reports. The firm owned 739,219 shares of the real estate investment trust’s stock after selling 6,926 shares during the period. Ryman Hospitality Properties makes up 3.0% of Aew Capital Management L P’s portfolio, making the stock its 12th largest position. Aew Capital Management L P’s holdings in Ryman Hospitality Properties were worth $81,358,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Ryman Hospitality Properties by 2.7% during the third quarter. Vanguard Group Inc. now owns 8,307,026 shares of the real estate investment trust’s stock worth $691,809,000 after purchasing an additional 216,137 shares during the period. FMR LLC grew its holdings in Ryman Hospitality Properties by 2.9% during the third quarter. FMR LLC now owns 4,097,388 shares of the real estate investment trust’s stock worth $341,230,000 after purchasing an additional 114,451 shares during the period. JPMorgan Chase & Co. lifted its position in Ryman Hospitality Properties by 5.7% during the third quarter. JPMorgan Chase & Co. now owns 1,713,128 shares of the real estate investment trust’s stock worth $142,669,000 after acquiring an additional 93,082 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Ryman Hospitality Properties by 6.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,021,858 shares of the real estate investment trust’s stock worth $85,100,000 after acquiring an additional 62,322 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. lifted its position in Ryman Hospitality Properties by 1.9% during the third quarter. Diamond Hill Capital Management Inc. now owns 751,628 shares of the real estate investment trust’s stock worth $62,596,000 after acquiring an additional 14,083 shares during the last quarter. Institutional investors own 94.48% of the company’s stock.

Analyst Upgrades and Downgrades

RHP has been the subject of several research reports. Raymond James raised their price objective on shares of Ryman Hospitality Properties from $115.00 to $135.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Truist Financial raised their price objective on shares of Ryman Hospitality Properties from $134.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. StockNews.com upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Friday, February 23rd. Finally, Wells Fargo & Company raised their price objective on shares of Ryman Hospitality Properties from $125.00 to $133.00 and gave the stock an “overweight” rating in a research report on Thursday, March 21st. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Ryman Hospitality Properties currently has a consensus rating of “Moderate Buy” and a consensus target price of $118.00.

Ryman Hospitality Properties Price Performance

Shares of NYSE RHP traded up $0.10 during midday trading on Friday, reaching $107.06. The company’s stock had a trading volume of 304,578 shares, compared to its average volume of 425,510. The company has a debt-to-equity ratio of 5.90, a quick ratio of 1.97 and a current ratio of 1.97. Ryman Hospitality Properties, Inc. has a fifty-two week low of $79.86 and a fifty-two week high of $122.91. The business’s 50 day moving average price is $114.58 and its two-hundred day moving average price is $106.80. The company has a market cap of $6.41 billion, a P/E ratio of 20.67, a P/E/G ratio of 0.76 and a beta of 1.57.

Ryman Hospitality Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were given a $1.10 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.11%. Ryman Hospitality Properties’s payout ratio is 84.94%.

Insider Activity

In other news, COO Patrick S. Chaffin sold 16,189 shares of Ryman Hospitality Properties stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $119.74, for a total value 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 can be accessed through this link. 3.00% of the stock is owned by company insiders.

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 seven largest non-gaming convention center hotels in the United States based on total indoor meeting space.