Dimensional Fund Advisors LP increased its holdings in Ryman Hospitality Properties Inc (NYSE:RHP) by 0.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 718,834 shares of the real estate investment trust’s stock after purchasing an additional 1,717 shares during the period. Dimensional Fund Advisors LP owned approximately 1.40% of Ryman Hospitality Properties worth $47,939,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Resources Investment Advisors Inc. bought a new stake in shares of Ryman Hospitality Properties in the fourth quarter valued at about $25,000. Nisa Investment Advisors LLC lifted its stake in shares of Ryman Hospitality Properties by 155.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 985 shares of the real estate investment trust’s stock valued at $66,000 after buying an additional 600 shares during the period. Advisor Group Inc. lifted its stake in shares of Ryman Hospitality Properties by 18.8% in the fourth quarter. Advisor Group Inc. now owns 1,723 shares of the real estate investment trust’s stock valued at $116,000 after buying an additional 273 shares during the period. MML Investors Services LLC bought a new stake in shares of Ryman Hospitality Properties in the third quarter valued at about $251,000. Finally, Vident Investment Advisory LLC bought a new stake in shares of Ryman Hospitality Properties in the third quarter valued at about $260,000. Hedge funds and other institutional investors own 87.91% of the company’s stock.
Several equities research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Thursday, February 21st. ValuEngine upgraded shares of Ryman Hospitality Properties from a “hold” rating to a “buy” rating in a research note on Wednesday, January 30th. Deutsche Bank increased their target price on shares of Ryman Hospitality Properties from $94.00 to $98.00 and gave the company a “buy” rating in a research note on Monday, February 11th. Finally, Raymond James upgraded shares of Ryman Hospitality Properties from a “market perform” rating to an “outperform” rating in a research note on Tuesday, January 8th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $91.40.
The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were given a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 4.41%. The ex-dividend date of this dividend was Thursday, March 28th. This is a positive change from Ryman Hospitality Properties’s previous quarterly dividend of $0.85. Ryman Hospitality Properties’s dividend payout ratio is 61.43%.
In other Ryman Hospitality Properties news, CEO Colin V. Reed purchased 6,106 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was purchased at an average price of $82.46 per share, with a total value of $503,500.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Jennifer L. Hutcheson sold 1,892 shares of the stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $82.39, for a total transaction of $155,881.88. Following the completion of the transaction, the chief accounting officer now directly owns 5,818 shares of the company’s stock, valued at approximately $479,345.02. The disclosure for this sale can be found here. Corporate insiders own 3.30% of the company’s stock.
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Ryman Hospitality Properties Company Profile
Ryman Hospitality Properties, Inc (NYSE:RHP) is a REIT for federal income tax purposes, specializing in group-oriented, destination hotel assets in urban and resort markets. The Company's owned assets include a network of four upscale, meetings-focused resorts totaling 8,114 rooms that are managed by lodging operator Marriott International, Inc under the Gaylord Hotels brand.
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