The BlackRock Fund Advisors Has $68,136,000 Stake in Ryman Hospitality Properties Inc. (RHP)

The BlackRock Fund Advisors Has $68,136,000 Stake in Ryman Hospitality Properties Inc. (RHP)

BlackRock Fund Advisors increased its stake in Ryman Hospitality Properties Inc. (NYSE:RHP) by 6.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,414,786 shares of the company’s stock after buying an additional 85,299 shares during the period. BlackRock Fund Advisors owned about 2.80% of Ryman Hospitality Properties worth $68,136,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RHP. BTIM Corp. bought a new position in Ryman Hospitality Properties during the third quarter valued at approximately $20,020,000. Victory Capital Management Inc. increased its position in Ryman Hospitality Properties by 55.0% in the third quarter. Victory Capital Management Inc. now owns 1,000,959 shares of the company’s stock valued at $48,206,000 after buying an additional 355,365 shares in the last quarter. Vanguard Group Inc. increased its position in Ryman Hospitality Properties by 4.7% in the second quarter. Vanguard Group Inc. now owns 7,749,738 shares of the company’s stock valued at $392,525,000 after buying an additional 349,844 shares in the last quarter. Prudential Financial Inc. increased its position in Ryman Hospitality Properties by 74.3% in the third quarter. Prudential Financial Inc. now owns 754,299 shares of the company’s stock valued at $36,327,000 after buying an additional 321,510 shares in the last quarter. Finally, WS Management Lllp increased its position in Ryman Hospitality Properties by 19.1% in the second quarter. WS Management Lllp now owns 1,198,600 shares of the company’s stock valued at $60,709,000 after buying an additional 192,400 shares in the last quarter. Hedge funds and other institutional investors own 92.73% of the company’s stock.

Shares of Ryman Hospitality Properties Inc. (NYSE:RHP) opened at 61.77 on Thursday. The company has a market capitalization of $3.12 billion, a PE ratio of 21.15 and a beta of 0.83. Ryman Hospitality Properties Inc. has a 52-week low of $44.12 and a 52-week high of $64.08. The firm’s 50-day moving average price is $61.97 and its 200 day moving average price is $54.89.

The firm also recently declared a quarterly dividend, which was paid on Friday, January 13th. Investors of record on Friday, December 30th were issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 4.86%. The ex-dividend date was Wednesday, December 28th. Ryman Hospitality Properties’s payout ratio is 102.74%.

A number of research analysts recently issued reports on RHP shares. Raymond James Financial Inc. upgraded Ryman Hospitality Properties from a “market perform” rating to an “outperform” rating and set a $55.00 price target on the stock in a report on Wednesday, November 2nd. Zacks Investment Research downgraded Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a report on Thursday, January 5th. Finally, JMP Securities restated a “mkt outperform” rating on shares of Ryman Hospitality Properties in a report on Tuesday, December 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $54.29.

In related news, SVP Jennifer L. Hutcheson sold 1,502 shares of the stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $52.84, for a total value of $79,365.68. Following the completion of the transaction, the senior vice president now owns 10,590 shares of the company’s stock, valued at approximately $559,575.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Scott J. Lynn sold 3,182 shares of the stock in a transaction dated Thursday, December 8th. The shares were sold at an average price of $62.28, for a total transaction of $198,174.96. Following the completion of the transaction, the senior vice president now directly owns 7,117 shares of the company’s stock, valued at approximately $443,246.76. The disclosure for this sale can be found here. 4.00% of the stock is currently owned by corporate insiders.

Ryman Hospitality Properties Inc is a finance company in the Specialized REITs industry.

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