Liberty Mutual Group Asset Management Inc. Reduces Stock Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Liberty Mutual Group Asset Management Inc. lessened its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 0.9% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 32,491 shares of the real estate investment trust’s stock after selling 301 shares during the quarter. Ryman Hospitality Properties makes up approximately 0.5% of Liberty Mutual Group Asset Management Inc.’s investment portfolio, making the stock its 24th biggest holding. Liberty Mutual Group Asset Management Inc.’s holdings in Ryman Hospitality Properties were worth $3,245,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of RHP. Quantbot Technologies LP lifted its holdings in shares of Ryman Hospitality Properties by 71.0% in the 1st quarter. Quantbot Technologies LP now owns 27,410 shares of the real estate investment trust’s stock worth $3,169,000 after buying an additional 11,384 shares during the period. Quadrature Capital Ltd increased its position in Ryman Hospitality Properties by 94.3% during the 1st quarter. Quadrature Capital Ltd now owns 20,639 shares of the real estate investment trust’s stock valued at $2,389,000 after buying an additional 10,015 shares in the last quarter. Nordea Investment Management AB increased its holdings in shares of Ryman Hospitality Properties by 13.0% during the first quarter. Nordea Investment Management AB now owns 79,598 shares of the real estate investment trust’s stock valued at $9,249,000 after acquiring an additional 9,174 shares in the last quarter. SageView Advisory Group LLC increased its stake in Ryman Hospitality Properties by 203.2% during the 1st quarter. SageView Advisory Group LLC now owns 11,523 shares of the real estate investment trust’s stock valued at $1,332,000 after purchasing an additional 7,723 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its position in shares of Ryman Hospitality Properties by 378.7% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 21,329 shares of the real estate investment trust’s stock valued at $2,130,000 after acquiring an additional 16,873 shares during the period. 94.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on RHP shares. JPMorgan Chase & Co. raised their price target on shares of Ryman Hospitality Properties from $104.00 to $105.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Truist Financial cut their price objective on shares of Ryman Hospitality Properties from $135.00 to $130.00 and set a “buy” rating for the company in a report on Thursday, May 30th. Wells Fargo & Company lowered their price target on Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating on the stock in a research report on Friday, September 13th. Finally, StockNews.com raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $116.14.

Insider Buying and Selling at Ryman Hospitality Properties

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

Ryman Hospitality Properties Trading Down 1.2 %

RHP opened at $108.97 on Friday. The firm has a market capitalization of $6.53 billion, a price-to-earnings ratio of 22.56, a price-to-earnings-growth ratio of 2.34 and a beta of 1.66. The company’s 50 day simple moving average is $102.15 and its two-hundred day simple moving average is $104.85. Ryman Hospitality Properties, Inc. has a 1-year low of $79.86 and a 1-year high of $122.91. The company has a debt-to-equity ratio of 5.96, a current ratio of 1.92 and a quick ratio of 1.92.

Ryman Hospitality Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date of this dividend is Monday, September 30th. Ryman Hospitality Properties’s dividend payout ratio (DPR) is currently 91.10%.

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.