Adelante Capital Management LLC Sells 208,722 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Adelante Capital Management LLC lowered its position in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 72.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 79,267 shares of the real estate investment trust's stock after selling 208,722 shares during the quarter. Adelante Capital Management LLC owned 0.13% of Ryman Hospitality Properties worth $8,501,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of RHP. Fifth Third Bancorp boosted its stake in 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 buying an additional 219 shares in the last quarter. SYSTM Wealth Solutions LLC acquired a new stake in shares of Ryman Hospitality Properties in the 2nd quarter valued at $32,000. Quest Partners LLC grew its holdings 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 worth $34,000 after purchasing an additional 338 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Ryman Hospitality Properties by 34.6% in the 3rd quarter. GAMMA Investing LLC now owns 401 shares of the real estate investment trust's stock worth $43,000 after purchasing an additional 103 shares during the last quarter. Finally, Avior Wealth Management LLC boosted its position in Ryman Hospitality Properties by 44.9% in the third quarter. Avior Wealth Management LLC now owns 442 shares of the real estate investment trust's stock valued at $47,000 after buying an additional 137 shares in the last quarter. Institutional investors own 94.48% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on RHP shares. StockNews.com raised shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a report on Friday, August 9th. Jefferies Financial Group initiated coverage on shares of Ryman Hospitality Properties in a report on Wednesday, November 6th. They issued a "buy" rating and a $130.00 target price on the stock. Wells Fargo & Company lowered their price objective on shares of Ryman Hospitality Properties from $127.00 to $115.00 and set an "overweight" rating for the company in a research report on Friday, September 13th. Finally, Truist Financial upped their target price on shares of Ryman Hospitality Properties from $130.00 to $136.00 and gave the stock a "buy" rating in a research note on Monday, November 18th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $126.17.

Insider Buying and Selling at Ryman Hospitality Properties

In other news, Director Alvin L. Bowles, Jr. sold 900 shares of the stock in a transaction dated Thursday, September 19th. The shares were 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 approximately $337,843.36. This represents a 22.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Fazal F. Merchant sold 1,269 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $113.98, for a total transaction of $144,640.62. Following the completion of the sale, the director now owns 4,825 shares in the company, valued at $549,953.50. This represents a 20.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.00% of the company's stock.

Ryman Hospitality Properties Stock Performance

RHP stock traded up $0.52 during trading hours on Friday, reaching $117.24. The stock had a trading volume of 256,036 shares, compared to its average volume of 464,348. The stock has a 50-day simple moving average of $111.08 and a 200 day simple moving average of $104.84. Ryman Hospitality Properties, Inc. has a fifty-two week low of $93.76 and a fifty-two week high of $122.91. The stock has a market capitalization of $7.02 billion, a PE ratio of 20.82, a price-to-earnings-growth ratio of 2.96 and a beta of 1.65. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.73.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last released its earnings results on Monday, November 4th. The real estate investment trust reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.83 by ($0.89). The company had revenue of $549.90 million for the quarter, compared to analyst estimates of $545.93 million. Ryman Hospitality Properties had a return on equity of 61.94% and a net margin of 14.84%. The business's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period last year, the company posted $1.73 earnings per share. Analysts predict that Ryman Hospitality Properties, Inc. will post 8.44 EPS for the current fiscal year.

Ryman Hospitality Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.92%. This is a positive change from Ryman Hospitality Properties's previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Tuesday, December 31st. Ryman Hospitality Properties's dividend payout ratio is presently 78.15%.

Ryman Hospitality Properties Company 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.