Goldman Sachs Group Inc. Cuts Stake in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Goldman Sachs Group Inc. lowered its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHPFree Report) by 8.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,110,732 shares of the real estate investment trust’s stock after selling 96,932 shares during the quarter. Goldman Sachs Group Inc. owned approximately 1.86% of Ryman Hospitality Properties worth $122,247,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Ryman Hospitality Properties by 2.7% during the 3rd quarter. Vanguard Group Inc. now owns 8,307,026 shares of the real estate investment trust’s stock valued at $691,809,000 after buying an additional 216,137 shares in the last quarter. FMR LLC grew its holdings in Ryman Hospitality Properties by 2.9% during the 3rd quarter. FMR LLC now owns 4,097,388 shares of the real estate investment trust’s stock valued at $341,230,000 after buying an additional 114,451 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Ryman Hospitality Properties by 5.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,713,128 shares of the real estate investment trust’s stock valued at $142,669,000 after buying an additional 93,082 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Ryman Hospitality Properties by 6.5% during the 3rd 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 buying an additional 62,322 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Ryman Hospitality Properties by 1.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 793,244 shares of the real estate investment trust’s stock valued at $87,305,000 after buying an additional 11,490 shares in the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on RHP shares. StockNews.com lowered Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, May 22nd. Wells Fargo & Company raised their price objective 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. Truist Financial lowered their price objective on Ryman Hospitality Properties from $135.00 to $130.00 and set a “buy” rating for the company in a research note on Thursday, May 30th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Ryman Hospitality Properties from $141.00 to $136.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Ryman Hospitality Properties has an average rating of “Moderate Buy” and a consensus price target of $118.29.

View Our Latest Report on RHP

Insider Buying and Selling

In related news, Director Christine Pantoya sold 1,491 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $105.94, for a total transaction of $157,956.54. Following the completion of the sale, the director now directly owns 4,973 shares of the company’s stock, valued at approximately $526,839.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Ryman Hospitality Properties news, Director Christine Pantoya sold 1,491 shares of the firm’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $105.94, for a total transaction of $157,956.54. Following the transaction, the director now directly owns 4,973 shares in the company, valued at approximately $526,839.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Colin V. Reed acquired 13,800 shares of Ryman Hospitality Properties stock in a transaction on Tuesday, May 7th. The shares were purchased at an average price of $106.40 per share, for a total transaction of $1,468,320.00. Following the completion of the acquisition, the chairman now directly owns 819,143 shares in the company, valued at $87,156,815.20. The disclosure for this purchase can be found here. 3.00% of the stock is owned by corporate insiders.

Ryman Hospitality Properties Price Performance

Shares of RHP stock opened at $101.35 on Monday. Ryman Hospitality Properties, Inc. has a 52-week low of $79.86 and a 52-week high of $122.91. The company has a debt-to-equity ratio of 6.33, a quick ratio of 1.99 and a current ratio of 1.99. The firm has a market capitalization of $6.07 billion, a P/E ratio of 20.98, a P/E/G ratio of 2.13 and a beta of 1.62. The stock has a 50 day moving average price of $107.18 and a 200 day moving average price of $110.29.

Ryman Hospitality Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date of this dividend is Friday, June 28th. Ryman Hospitality Properties’s dividend payout ratio is currently 91.10%.

Ryman Hospitality Properties 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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