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

Alliancebernstein L.P. cut its position in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 2.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,392,155 shares of the real estate investment trust's stock after selling 33,828 shares during the quarter. Alliancebernstein L.P. owned approximately 2.32% of Ryman Hospitality Properties worth $145,257,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Quarry LP acquired a new stake in shares of Ryman Hospitality Properties in the third quarter valued at approximately $28,000. Heck Capital Advisors LLC purchased a new stake in Ryman Hospitality Properties in the 4th quarter valued at $31,000. Harvest Fund Management Co. Ltd acquired a new stake in Ryman Hospitality Properties during the 4th quarter worth $72,000. Venturi Wealth Management LLC purchased a new position in Ryman Hospitality Properties during the 4th quarter worth $83,000. Finally, Blue Trust Inc. increased its stake in Ryman Hospitality Properties by 23.4% in the fourth quarter. Blue Trust Inc. now owns 845 shares of the real estate investment trust's stock valued at $91,000 after purchasing an additional 160 shares during the period. Hedge funds and other institutional investors own 94.48% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. reiterated an "underweight" rating and set a $100.00 target price on shares of Ryman Hospitality Properties in a research note on Friday, December 13th. Wells Fargo & Company decreased their price objective on Ryman Hospitality Properties from $130.00 to $122.00 and set an "overweight" rating for the company in a research report on Tuesday, February 18th. StockNews.com upgraded Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research note on Saturday, March 1st. Truist Financial cut their price target on Ryman Hospitality Properties from $133.00 to $127.00 and set a "buy" rating for the company in a research note on Friday, March 21st. Finally, BMO Capital Markets assumed coverage on shares of 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 analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $124.67.

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Insider Activity

In other news, Chairman Colin V. Reed purchased 8,231 shares of the company's stock in a transaction dated Wednesday, February 26th. The stock was acquired at an average price of $97.54 per share, for a total transaction of $802,851.74. Following the completion of the transaction, the chairman now directly owns 832,260 shares in the company, valued at $81,178,640.40. This represents a 1.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director Alvin L. Bowles, Jr. sold 473 shares of Ryman Hospitality Properties stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $97.03, for a total value of $45,895.19. Following the transaction, the director now directly owns 2,675 shares of the company's stock, valued at $259,555.25. This trade represents a 15.03 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.00% of the company's stock.

Ryman Hospitality Properties Price Performance

RHP stock traded down $7.95 on Thursday, reaching $85.96. 1,679,220 shares of the company's stock were exchanged, compared to its average volume of 567,727. The stock has a fifty day moving average of $99.36 and a 200-day moving average of $105.96. The firm has a market cap of $5.15 billion, a PE ratio of 19.58, a P/E/G ratio of 2.71 and a beta of 1.65. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 6.07. Ryman Hospitality Properties, Inc. has a twelve month low of $85.55 and a twelve month high of $121.77.

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

Ryman Hospitality Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $1.15 dividend. 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 5.35%. Ryman Hospitality Properties's dividend payout ratio (DPR) is presently 104.78%.

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.