Duff & Phelps Investment Management Co. Increases Stock Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Duff & Phelps Investment Management Co. grew its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 24.9% in the second quarter, Holdings Channel.com reports. The institutional investor owned 552,346 shares of the real estate investment trust’s stock after buying an additional 110,027 shares during the quarter. Duff & Phelps Investment Management Co.’s holdings in Ryman Hospitality Properties were worth $55,157,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. PNC Financial Services Group Inc. grew its position in Ryman Hospitality Properties by 4.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,383 shares of the real estate investment trust’s stock worth $372,000 after acquiring an additional 137 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in shares of Ryman Hospitality Properties by 0.4% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 39,256 shares of the real estate investment trust’s stock worth $3,829,000 after purchasing an additional 138 shares in the last quarter. New York State Teachers Retirement System boosted its holdings in shares of Ryman Hospitality Properties by 3.0% in the 1st quarter. New York State Teachers Retirement System now owns 5,285 shares of the real estate investment trust’s stock worth $611,000 after purchasing an additional 152 shares in the last quarter. Xponance Inc. increased its position in shares of Ryman Hospitality Properties by 4.6% during the 2nd quarter. Xponance Inc. now owns 3,714 shares of the real estate investment trust’s stock valued at $371,000 after purchasing an additional 162 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its holdings in shares of Ryman Hospitality Properties by 0.6% during the 1st quarter. State of Alaska Department of Revenue now owns 27,611 shares of the real estate investment trust’s stock valued at $3,191,000 after buying an additional 174 shares in the last quarter. Institutional investors own 94.48% of the company’s stock.

Insider Activity at Ryman Hospitality Properties

In other news, Chairman Colin V. Reed purchased 8,077 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were acquired at an average price of $97.78 per share, with a total value of $789,769.06. Following the acquisition, the chairman now directly owns 827,220 shares in the company, valued at $80,885,571.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Chairman Colin V. Reed bought 8,077 shares of the company’s stock in a transaction dated 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 acquisition, the chairman now owns 827,220 shares in the company, valued at approximately $80,885,571.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 completion of the sale, the director now directly owns 3,148 shares in the company, valued at $337,843.36. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on RHP. Wells Fargo & Company cut their target price on Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating for the company in a research note on Friday, September 13th. JPMorgan Chase & Co. boosted their price objective 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. 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 five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $119.17.

Ryman Hospitality Properties Price Performance

Shares of Ryman Hospitality Properties stock opened at $109.37 on Friday. 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, Inc. has a one year low of $80.67 and a one year high of $122.91. The business’s 50 day simple moving average is $102.28 and its two-hundred day simple moving average is $104.80. The stock has a market capitalization of $6.55 billion, a P/E ratio of 22.64, a price-to-earnings-growth ratio of 2.34 and a beta of 1.66.

Ryman Hospitality Properties Announces Dividend

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

Ryman Hospitality Properties 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.