abrdn plc Trims Stake in Ryman Hospitality Properties, Inc. (NYSE:RHP)

abrdn plc decreased its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 12.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,697 shares of the real estate investment trust’s stock after selling 1,582 shares during the quarter. abrdn plc’s holdings in Ryman Hospitality Properties were worth $1,177,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of 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 last quarter. FMR LLC grew its stake in Ryman Hospitality Properties by 2.9% in the 3rd quarter. FMR LLC now owns 4,097,388 shares of the real estate investment trust’s stock worth $341,230,000 after acquiring an additional 114,451 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of 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 period. Charles Schwab Investment Management Inc. raised its stake in shares of 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 valued at $85,100,000 after acquiring an additional 62,322 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. boosted its holdings in shares of Ryman Hospitality Properties by 1.9% in the third quarter. Diamond Hill Capital Management Inc. now owns 751,628 shares of the real estate investment trust’s stock valued at $62,596,000 after purchasing an additional 14,083 shares during the period. 94.48% of the stock is owned by institutional investors.

Ryman Hospitality Properties Price Performance

Shares of NYSE:RHP opened at $107.13 on Tuesday. Ryman Hospitality Properties, Inc. has a twelve month low of $79.86 and a twelve month high of $122.91. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 5.90. The company has a market cap of $6.42 billion, a PE ratio of 20.68, a price-to-earnings-growth ratio of 0.75 and a beta of 1.57. The company’s 50 day moving average is $114.39 and its 200 day moving average is $107.26.

Ryman Hospitality Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were paid 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 currently 84.94%.

Insider Buying and Selling

In other Ryman Hospitality Properties news, COO Patrick S. Chaffin sold 16,189 shares of the stock in a transaction dated 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 sale, the chief operating officer now directly owns 17,618 shares of the company’s stock, valued at approximately $2,109,579.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on RHP. Raymond James lifted their target price 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. 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 report on Thursday, March 14th. StockNews.com upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Friday, February 23rd. Finally, Wells Fargo & Company lifted their target price on Ryman Hospitality Properties from $125.00 to $133.00 and gave the company an “overweight” rating in a research note on Thursday, March 21st. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average 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.