Duff & Phelps Investment Management Co. Acquires 110,027 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Duff & Phelps Investment Management Co. increased its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 24.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 552,346 shares of the real estate investment trust’s stock after acquiring an additional 110,027 shares during the quarter. Duff & Phelps Investment Management Co. owned approximately 0.92% of Ryman Hospitality Properties worth $55,157,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of RHP. Fifth Third Bancorp increased its position in shares of Ryman Hospitality Properties by 347.6% during the 2nd quarter. Fifth Third Bancorp now owns 282 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 219 shares during the last quarter. Parallel Advisors LLC increased its holdings in Ryman Hospitality Properties by 6,550.0% during the fourth quarter. Parallel Advisors LLC now owns 266 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 262 shares during the last quarter. SYSTM Wealth Solutions LLC bought a new stake in Ryman Hospitality Properties in the second quarter worth about $32,000. Quest Partners LLC boosted its stake in Ryman Hospitality Properties by 8,450.0% in the second quarter. Quest Partners LLC now owns 342 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 338 shares during the last quarter. Finally, Larson Financial Group LLC bought a new position in shares of Ryman Hospitality Properties during the 1st quarter valued at approximately $35,000. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Insider Buying and Selling

In other Ryman Hospitality Properties news, Director Alvin L. Bowles, Jr. sold 900 shares of Ryman Hospitality Properties stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $107.32, for a total transaction of $96,588.00. Following the completion of the transaction, the director now owns 3,148 shares of the company’s stock, valued at approximately $337,843.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Ryman Hospitality Properties news, Director Alvin L. Bowles, Jr. sold 900 shares of the stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $107.32, for a total value of $96,588.00. Following the sale, the director now directly owns 3,148 shares in the company, valued at approximately $337,843.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Colin V. Reed purchased 8,077 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was purchased at an average cost of $97.78 per share, with a total value of $789,769.06. Following the completion of the acquisition, the chairman now owns 827,220 shares in the company, valued at $80,885,571.60. The disclosure for this purchase can be found here. 3.00% of the stock is currently owned by insiders.

Ryman Hospitality Properties Stock Up 0.4 %

Ryman Hospitality Properties stock opened at $109.37 on Friday. The firm has a 50 day simple moving average of $102.28 and a 200 day simple moving average of $104.80. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 5.96. Ryman Hospitality Properties, Inc. has a 1-year low of $80.67 and a 1-year high of $122.91. The firm has a market capitalization of $6.55 billion, a price-to-earnings ratio of 22.64, a P/E/G ratio of 2.34 and a beta of 1.66.

Ryman Hospitality Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a dividend of $1.10 per share. The ex-dividend date is Monday, September 30th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.02%. Ryman Hospitality Properties’s payout ratio is 91.10%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on RHP shares. JPMorgan Chase & Co. lifted their price target on shares of Ryman Hospitality Properties from $104.00 to $105.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Wells Fargo & Company decreased their target price on Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating for the company in a research report on Friday, September 13th. Finally, StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $119.17.

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.