Gabelli Funds LLC Has $43.64 Million Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Gabelli Funds LLC lowered its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 0.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 437,000 shares of the real estate investment trust’s stock after selling 2,000 shares during the period. Gabelli Funds LLC owned about 0.73% of Ryman Hospitality Properties worth $43,639,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Parallel Advisors LLC boosted its stake in shares of Ryman Hospitality Properties by 6,550.0% in the 4th quarter. Parallel Advisors LLC now owns 266 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 262 shares in the last quarter. Fifth Third Bancorp boosted its stake in shares of Ryman Hospitality Properties by 347.6% in 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 in the last quarter. Larson Financial Group LLC acquired a new stake in shares of Ryman Hospitality Properties in the 1st quarter valued at $35,000. SYSTM Wealth Solutions LLC acquired a new stake in shares of Ryman Hospitality Properties in the 2nd quarter valued at $32,000. Finally, Quest Partners LLC boosted its stake in shares of Ryman Hospitality Properties by 8,450.0% in the 2nd quarter. Quest Partners LLC now owns 342 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 338 shares in the last quarter. Institutional investors and hedge funds own 94.48% of the company’s stock.

Ryman Hospitality Properties Stock Performance

Ryman Hospitality Properties stock opened at $109.77 on Friday. 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 $79.86 and a 1 year high of $122.91. The company has a market cap of $6.57 billion, a PE ratio of 22.73, a PEG ratio of 2.11 and a beta of 1.66. The company’s 50-day moving average is $101.63 and its two-hundred day moving average is $104.96.

Ryman Hospitality Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $4.40 dividend on an annualized basis and a yield of 4.01%. Ryman Hospitality Properties’s payout ratio is presently 91.10%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on RHP shares. JPMorgan Chase & Co. upped 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. Wells Fargo & Company reduced their price target on shares of 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. StockNews.com upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Friday, August 9th. Finally, Truist Financial reduced their price target on shares of Ryman Hospitality Properties from $135.00 to $130.00 and set a “buy” rating on the stock in a research report on Thursday, May 30th. 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 data from MarketBeat, Ryman Hospitality Properties has a consensus rating of “Moderate Buy” and a consensus price target of $116.14.

Insider Buying and Selling at Ryman Hospitality Properties

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

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.