Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Sold by Aew Capital Management L P

Aew Capital Management L P trimmed its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 35.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 227,856 shares of the real estate investment trust's stock after selling 123,640 shares during the period. Ryman Hospitality Properties comprises 1.1% of Aew Capital Management L P's investment portfolio, making the stock its 24th biggest holding. Aew Capital Management L P owned approximately 0.38% of Ryman Hospitality Properties worth $23,774,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Citigroup Inc. raised its position in Ryman Hospitality Properties by 72.9% in the third quarter. Citigroup Inc. now owns 54,239 shares of the real estate investment trust's stock valued at $5,817,000 after purchasing an additional 22,871 shares during the period. Paradigm Asset Management Co. LLC acquired a new stake in shares of Ryman Hospitality Properties in the fourth quarter valued at $741,000. Van ECK Associates Corp raised its holdings in shares of Ryman Hospitality Properties by 10.2% in the 4th quarter. Van ECK Associates Corp now owns 11,109 shares of the real estate investment trust's stock valued at $1,159,000 after buying an additional 1,029 shares during the period. Quantinno Capital Management LP acquired a new position in Ryman Hospitality Properties during the 3rd quarter worth about $488,000. Finally, Principal Financial Group Inc. boosted its holdings in Ryman Hospitality Properties by 3.2% during the 4th quarter. Principal Financial Group Inc. now owns 3,254,693 shares of the real estate investment trust's stock valued at $339,596,000 after acquiring an additional 101,333 shares during the period. 94.48% of the stock is currently owned by institutional investors and hedge funds.

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Ryman Hospitality Properties Stock Up 0.5 %

Shares of Ryman Hospitality Properties stock traded up $0.46 during trading on Wednesday, hitting $96.32. 415,174 shares of the stock were exchanged, compared to its average volume of 456,540. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.73. The firm's 50-day moving average price is $102.91 and its 200 day moving average price is $106.91. The stock has a market cap of $5.77 billion, a price-to-earnings ratio of 21.94, a price-to-earnings-growth ratio of 2.71 and a beta of 1.67. Ryman Hospitality Properties, Inc. has a 12-month low of $93.76 and a 12-month high of $121.77.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.21 by $0.94. Ryman Hospitality Properties had a return on equity of 49.23% and a net margin of 11.61%. The company had revenue of $647.63 million during the quarter, compared to the consensus estimate of $656.01 million. As a group, analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $1.15 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $4.60 dividend on an annualized basis and a yield of 4.78%. Ryman Hospitality Properties's payout ratio is currently 104.78%.

Insider Transactions at Ryman Hospitality Properties

In related news, Director Alvin L. Bowles, Jr. sold 473 shares of the business's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $97.03, for a total value of $45,895.19. Following the completion of the sale, the director now directly owns 2,675 shares of the company's stock, valued at $259,555.25. The trade was a 15.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Colin V. Reed purchased 8,231 shares of Ryman Hospitality Properties stock in a transaction that occurred on Wednesday, February 26th. The stock was bought at an average cost of $97.54 per share, with a total value of $802,851.74. Following the completion of the transaction, the chairman now owns 832,260 shares of the company's stock, valued at $81,178,640.40. The trade was a 1.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 3.00% of the company's stock.

Wall Street Analyst Weigh In

RHP has been the topic of a number of recent research reports. Truist Financial reiterated a "buy" rating and set a $133.00 price target (down from $136.00) on shares of Ryman Hospitality Properties in a research note on Tuesday, February 25th. Jefferies Financial Group started coverage on shares of Ryman Hospitality Properties in a report on Wednesday, November 6th. They set a "buy" rating and a $130.00 target price on the stock. StockNews.com raised shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research report on Saturday. Wells Fargo & Company cut their price objective on Ryman Hospitality Properties from $130.00 to $122.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 18th. Finally, BMO Capital Markets initiated coverage on Ryman Hospitality Properties in a research note on Monday, December 9th. They issued an "outperform" rating and a $133.00 price objective on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $125.67.

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.