Dimensional Fund Advisors LP Has $87.04 Million Stock Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Dimensional Fund Advisors LP increased its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 1.5% during the fourth quarter, Holdings Channel reports. The fund owned 834,179 shares of the real estate investment trust’s stock after acquiring an additional 12,506 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Ryman Hospitality Properties were worth $87,042,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in RHP. Principal Financial Group Inc. grew its position in Ryman Hospitality Properties by 3.2% during the 4th quarter. Principal Financial Group Inc. now owns 3,254,693 shares of the real estate investment trust’s stock worth $339,596,000 after purchasing an additional 101,333 shares in the last quarter. JPMorgan Chase & Co. raised its position in Ryman Hospitality Properties by 10.7% during the fourth quarter. JPMorgan Chase & Co. now owns 1,439,719 shares of the real estate investment trust’s stock valued at $150,220,000 after buying an additional 138,771 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Ryman Hospitality Properties by 1.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 979,176 shares of the real estate investment trust’s stock worth $102,167,000 after acquiring an additional 14,861 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in Ryman Hospitality Properties by 2.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 853,251 shares of the real estate investment trust’s stock worth $89,028,000 after acquiring an additional 24,439 shares during the period. Finally, Cooke & Bieler LP purchased a new position in Ryman Hospitality Properties during the 4th quarter valued at about $74,811,000. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Insider Activity at Ryman Hospitality Properties

In related news, Director Alvin L. Bowles, Jr. sold 473 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $97.03, for a total transaction of $45,895.19. Following the completion of the sale, the director now owns 2,675 shares in the company, valued at $259,555.25. This represents a 15.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Colin V. Reed purchased 8,231 shares of the company’s stock in a transaction on Wednesday, February 26th. The stock was acquired at an average cost of $97.54 per share, for a total transaction of $802,851.74. Following the completion of the transaction, the chairman now owns 832,260 shares in the company, valued at approximately $81,178,640.40. This trade represents a 1.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 5.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on RHP. StockNews.com raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Saturday, March 1st. Wells Fargo & Company decreased their target price on shares of Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating for the company in a research note on Tuesday, February 18th. Jefferies Financial Group dropped their price target on shares of Ryman Hospitality Properties from $118.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, April 9th. Truist Financial reduced their price objective on Ryman Hospitality Properties from $133.00 to $127.00 and set a “buy” rating for the company in a research report on Friday, March 21st. Finally, Evercore ISI dropped their target price on Ryman Hospitality Properties from $130.00 to $120.00 and set an “outperform” rating on the stock in a research report on Monday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $119.71.

Ryman Hospitality Properties Price Performance

NYSE RHP opened at $87.40 on Wednesday. The firm has a market cap of $5.24 billion, a P/E ratio of 19.91, a price-to-earnings-growth ratio of 2.71 and a beta of 1.38. The stock’s 50-day moving average is $91.35 and its two-hundred day moving average is $102.49. Ryman Hospitality Properties, Inc. has a fifty-two week low of $76.27 and a fifty-two week high of $121.77. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.73.

Ryman Hospitality Properties (NYSE:RHP) last posted its earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.94. Ryman Hospitality Properties had a return on equity of 49.23% and a net margin of 11.61%. The firm had revenue of $647.63 million during the quarter, compared to analyst estimates of $656.01 million. On average, analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a $1.15 dividend. The ex-dividend date was Monday, March 31st. This represents a $4.60 dividend on an annualized basis and a yield of 5.26%. Ryman Hospitality Properties’s payout ratio is presently 104.78%.

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.