Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Sold by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board lowered its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 75.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,500 shares of the real estate investment trust's stock after selling 35,100 shares during the period. Canada Pension Plan Investment Board's holdings in Ryman Hospitality Properties were worth $1,200,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in RHP. Heck Capital Advisors LLC acquired a new stake in Ryman Hospitality Properties during the 4th quarter worth $31,000. Harvest Fund Management Co. Ltd acquired a new stake in Ryman Hospitality Properties during the 4th quarter worth approximately $72,000. Venturi Wealth Management LLC purchased a new position in shares of Ryman Hospitality Properties in the 4th quarter valued at approximately $83,000. Covestor Ltd grew its stake in shares of Ryman Hospitality Properties by 33.3% in the 4th quarter. Covestor Ltd now owns 829 shares of the real estate investment trust's stock valued at $87,000 after purchasing an additional 207 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of 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. 94.48% of the stock is owned by hedge funds and other institutional investors.

Ryman Hospitality Properties Stock Up 0.5 %

NYSE RHP traded up $0.42 during trading hours on Tuesday, reaching $87.83. 172,949 shares of the company traded hands, compared to its average volume of 612,099. The stock has a market capitalization of $5.27 billion, a PE ratio of 19.97, a PEG ratio of 2.71 and a beta of 1.38. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 6.07. Ryman Hospitality Properties, Inc. has a 12 month low of $76.27 and a 12 month high of $121.77. The company has a 50 day moving average of $91.67 and a two-hundred day moving average of $102.60.

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. 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 analyst estimates of $656.01 million. As a group, equities analysts expect that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current year.

Ryman Hospitality Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a dividend of $1.15 per share. The ex-dividend date was Monday, March 31st. This represents a $4.60 dividend on an annualized basis and a yield of 5.24%. Ryman Hospitality Properties's dividend payout ratio (DPR) is presently 104.78%.

Insiders Place Their Bets

In other news, 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 transaction of $45,895.19. Following the transaction, the director now directly owns 2,675 shares in the company, valued at approximately $259,555.25. This trade represents a 15.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Colin V. Reed purchased 8,231 shares of the company's stock in a transaction on 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 owns 832,260 shares of the company's stock, valued at $81,178,640.40. This represents a 1.00 % increase in their position. The disclosure for this purchase can be found here. 5.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on RHP. Evercore ISI dropped their price target on shares of Ryman Hospitality Properties from $130.00 to $120.00 and set an "outperform" rating on the stock in a research note on Monday. StockNews.com upgraded Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research report on Saturday, March 1st. Truist Financial reduced their price target on Ryman Hospitality Properties from $133.00 to $127.00 and set a "buy" rating for the company in a report on Friday, March 21st. Wells Fargo & Company cut 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. Finally, Jefferies Financial Group reduced their target price on Ryman Hospitality Properties from $118.00 to $100.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $119.71.

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.