Gilman Hill Asset Management LLC Has $5.24 Million Holdings in Ryman Hospitality Properties, Inc. (REIT) (RHP)

Gilman Hill Asset Management LLC lessened its stake in shares of Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP) by 3.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 75,935 shares of the real estate investment trust’s stock after selling 2,885 shares during the period. Ryman Hospitality Properties makes up about 2.1% of Gilman Hill Asset Management LLC’s portfolio, making the stock its 7th biggest position. Gilman Hill Asset Management LLC owned approximately 0.15% of Ryman Hospitality Properties worth $5,241,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its position in Ryman Hospitality Properties by 2.7% during the second quarter. Vanguard Group Inc. now owns 8,241,851 shares of the real estate investment trust’s stock worth $527,561,000 after acquiring an additional 219,560 shares during the period. BlackRock Inc. grew its holdings in shares of Ryman Hospitality Properties by 3.2% during the second quarter. BlackRock Inc. now owns 4,461,006 shares of the real estate investment trust’s stock worth $285,547,000 after buying an additional 139,518 shares in the last quarter. State Street Corp grew its holdings in shares of Ryman Hospitality Properties by 2.7% during the second quarter. State Street Corp now owns 1,644,269 shares of the real estate investment trust’s stock worth $105,251,000 after buying an additional 43,334 shares in the last quarter. Gabelli Funds LLC grew its holdings in shares of Ryman Hospitality Properties by 0.8% during the third quarter. Gabelli Funds LLC now owns 1,313,400 shares of the real estate investment trust’s stock worth $82,074,000 after buying an additional 10,500 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Ryman Hospitality Properties by 2.3% in the second quarter. Northern Trust Corp now owns 923,047 shares of the real estate investment trust’s stock valued at $59,085,000 after purchasing an additional 20,554 shares during the period. Institutional investors and hedge funds own 86.79% of the company’s stock.

Ryman Hospitality Properties, Inc. (NYSE RHP) traded down $0.22 during trading hours on Wednesday, hitting $68.16. The stock had a trading volume of 143,045 shares, compared to its average volume of 318,779. The firm has a market cap of $3,484.93, a P/E ratio of 12.75, a PEG ratio of 1.51 and a beta of 1.24. Ryman Hospitality Properties, Inc. has a fifty-two week low of $57.78 and a fifty-two week high of $77.99. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 4.46.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Friday, December 29th were given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 4.69%. The ex-dividend date of this dividend was Thursday, December 28th. Ryman Hospitality Properties’s dividend payout ratio is presently 108.47%.

In other Ryman Hospitality Properties news, EVP Bennett D. Westbrook sold 4,000 shares of Ryman Hospitality Properties stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $69.73, for a total value of $278,920.00. Following the completion of the sale, the executive vice president now owns 14,744 shares in the company, valued at approximately $1,028,099.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Colin V. Reed bought 5,995 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The shares were purchased at an average price of $75.81 per share, with a total value of $454,480.95. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 8,331 shares of company stock valued at $576,523. 3.40% of the stock is currently owned by company insiders.

RHP has been the topic of a number of recent analyst reports. Zacks Investment Research cut shares of Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. Bank of America upgraded shares of Ryman Hospitality Properties from an “underperform” rating to a “buy” rating in a research note on Monday, January 8th. Wells Fargo & Co upgraded shares of Ryman Hospitality Properties from a “market perform” rating to an “outperform” rating and set a $76.00 price target on the stock in a research note on Tuesday, December 19th. ValuEngine upgraded shares of Ryman Hospitality Properties from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Finally, Deutsche Bank raised their target price on shares of Ryman Hospitality Properties from $77.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $70.00.

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Ryman Hospitality Properties Company Profile

Ryman Hospitality Properties, Inc owns and operates hotels in the United States. Its Hospitality segment operates a network of meetings-focused resorts, including the Gaylord Opryland Resort and Convention Center in Nashville, Tennessee; the Gaylord Opryland Resort and Convention Center in Kissimmee, Florida; the Gaylord Texan Resort and Convention Center in Grapevine, Texas; and the Gaylord National Resort and Convention Center in Prince George’s County, Maryland.

Institutional Ownership by Quarter for Ryman Hospitality Properties (NYSE:RHP)

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