Mutual of America Capital Management LLC Trims Holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Mutual of America Capital Management LLC lessened its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 3.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 32,383 shares of the real estate investment trust’s stock after selling 1,098 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Ryman Hospitality Properties were worth $3,564,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. KB Financial Partners LLC purchased a new position in shares of Ryman Hospitality Properties in the first quarter worth about $25,000. Lazard Asset Management LLC raised its stake in shares of Ryman Hospitality Properties by 667.4% in the first quarter. Lazard Asset Management LLC now owns 330 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 287 shares during the last quarter. Quarry LP raised its stake in shares of Ryman Hospitality Properties by 110.8% in the first quarter. Quarry LP now owns 430 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 226 shares during the last quarter. Rockefeller Capital Management L.P. raised its stake in shares of Ryman Hospitality Properties by 118.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 517 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 280 shares during the last quarter. Finally, First Manhattan CO. LLC. purchased a new position in shares of Ryman Hospitality Properties in the first quarter worth about $71,000. Institutional investors and hedge funds own 94.48% of the company’s stock.

Insiders Place Their Bets

In other Ryman Hospitality Properties news, COO Patrick S. Chaffin sold 16,189 shares of the business’s stock in a transaction on Thursday, February 29th. The stock was 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 of the company’s stock, valued at $2,109,579.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.00% of the stock is currently owned by corporate insiders.

Ryman Hospitality Properties Stock Performance

NYSE RHP opened at $106.40 on Thursday. The stock’s fifty day moving average is $115.90 and its two-hundred day moving average is $105.83. The firm has a market capitalization of $6.37 billion, a P/E ratio of 20.54, a price-to-earnings-growth ratio of 0.77 and a beta of 1.57. 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.

Ryman Hospitality Properties Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date was Wednesday, March 27th. Ryman Hospitality Properties’s dividend payout ratio (DPR) is currently 84.94%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on RHP shares. Truist Financial lifted their price target 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. Raymond James lifted their price target on Ryman Hospitality Properties from $115.00 to $135.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Wells Fargo & Company lifted their price target on Ryman Hospitality Properties from $125.00 to $133.00 and gave the company an “overweight” rating in a research report on Thursday, March 21st. Finally, StockNews.com upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Friday, February 23rd. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $118.00.

About Ryman Hospitality Properties

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.