Copeland Capital Management LLC decreased its position in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 1.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 337,164 shares of the real estate investment trust's stock after selling 6,339 shares during the quarter. Copeland Capital Management LLC owned 0.56% of Ryman Hospitality Properties worth $35,180,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Deroy & Devereaux Private Investment Counsel Inc. lifted its stake in Ryman Hospitality Properties by 643.2% during the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 165,740 shares of the real estate investment trust's stock worth $17,293,000 after purchasing an additional 143,440 shares during the last quarter. Heck Capital Advisors LLC acquired a new stake in Ryman Hospitality Properties during the fourth quarter worth approximately $31,000. KBC Group NV lifted its position in shares of Ryman Hospitality Properties by 54.1% during the 4th quarter. KBC Group NV now owns 2,108 shares of the real estate investment trust's stock worth $220,000 after buying an additional 740 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Ryman Hospitality Properties by 23.4% in the 4th quarter. Blue Trust Inc. now owns 845 shares of the real estate investment trust's stock valued at $91,000 after buying an additional 160 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its position in shares of Ryman Hospitality Properties by 46.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 4,269 shares of the real estate investment trust's stock valued at $445,000 after buying an additional 1,346 shares during the last quarter. Hedge funds and other institutional investors own 94.48% of the company's stock.
In other Ryman Hospitality Properties news, Director Fazal F. Merchant sold 1,269 shares of the company's stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $113.98, for a total value of $144,640.62. Following the completion of the transaction, the director now owns 4,825 shares in the company, valued at $549,953.50. This represents a 20.82 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.00% of the company's stock.
Shares of RHP stock opened at $105.00 on Friday. The firm's 50-day simple moving average is $108.51 and its 200-day simple moving average is $106.77. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.73. Ryman Hospitality Properties, Inc. has a 1-year low of $93.76 and a 1-year high of $122.91. The firm has a market cap of $6.29 billion, a P/E ratio of 18.65, a PEG ratio of 2.48 and a beta of 1.67.
Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.94 EPS for the quarter, missing analysts' consensus estimates of $1.83 by ($0.89). Ryman Hospitality Properties had a return on equity of 61.94% and a net margin of 14.84%. The firm had revenue of $549.90 million for the quarter, compared to analyst estimates of $545.93 million. During the same quarter in the previous year, the company earned $1.73 earnings per share. The company's quarterly revenue was up 4.0% on a year-over-year basis. As a group, equities analysts forecast that Ryman Hospitality Properties, Inc. will post 8.48 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a $1.15 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $4.60 annualized dividend and a dividend yield of 4.38%. This is a positive change from Ryman Hospitality Properties's previous quarterly dividend of $1.10. Ryman Hospitality Properties's dividend payout ratio is presently 81.71%.
A number of brokerages have recently issued reports on RHP. BMO Capital Markets began coverage on shares of Ryman Hospitality Properties in a research report on Monday, December 9th. They set an "outperform" rating and a $133.00 target price on the stock. Wells Fargo & Company raised their price objective on shares of Ryman Hospitality Properties from $124.00 to $130.00 and gave the stock an "overweight" rating in a research report on Monday, December 9th. Jefferies Financial Group assumed coverage on shares of Ryman Hospitality Properties in a report on Wednesday, November 6th. They issued a "buy" rating and a $130.00 target price for the company. JPMorgan Chase & Co. reissued an "underweight" rating and set a $100.00 price target on shares of Ryman Hospitality Properties in a report on Friday, December 13th. Finally, Truist Financial upped their price objective on Ryman Hospitality Properties from $130.00 to $136.00 and gave the company a "buy" rating in a research note on Monday, November 18th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $128.57.
Get Our Latest Analysis on RHP
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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