Centiva Capital LP Sells 6,253 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Centiva Capital LP lessened its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 75.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,060 shares of the real estate investment trust's stock after selling 6,253 shares during the quarter. Centiva Capital LP's holdings in Ryman Hospitality Properties were worth $221,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Principal Financial Group Inc. grew its holdings in shares of Ryman Hospitality Properties by 194.0% in the 2nd quarter. Principal Financial Group Inc. now owns 2,222,077 shares of the real estate investment trust's stock worth $221,896,000 after purchasing an additional 1,466,220 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Ryman Hospitality Properties by 264.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,199,392 shares of the real estate investment trust's stock worth $119,771,000 after buying an additional 870,081 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Ryman Hospitality Properties by 483.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 609,761 shares of the real estate investment trust's stock valued at $65,391,000 after purchasing an additional 505,207 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Ryman Hospitality Properties by 3,800.4% in the third quarter. Victory Capital Management Inc. now owns 292,410 shares of the real estate investment trust's stock valued at $31,358,000 after buying an additional 284,913 shares during the last quarter. Finally, Reinhart Partners LLC. increased its position in Ryman Hospitality Properties by 55.5% in the 3rd quarter. Reinhart Partners LLC. now owns 383,026 shares of the real estate investment trust's stock valued at $41,076,000 after acquiring an additional 136,756 shares in the last quarter. 94.48% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on RHP. JPMorgan Chase & Co. reissued an "underweight" rating and issued a $100.00 price target on shares of Ryman Hospitality Properties in a report on Friday. Jefferies Financial Group initiated coverage on Ryman Hospitality Properties in a research note on Wednesday, November 6th. They set a "buy" rating and a $130.00 price target on the stock. Truist Financial boosted their price objective on Ryman Hospitality Properties from $130.00 to $136.00 and gave the stock a "buy" rating in a report on Monday, November 18th. Wells Fargo & Company raised their target price on shares of Ryman Hospitality Properties from $124.00 to $130.00 and gave the company an "overweight" rating in a research note on Monday. Finally, BMO Capital Markets began coverage on shares of Ryman Hospitality Properties in a report on Monday. 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 six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Ryman Hospitality Properties currently has an average rating of "Moderate Buy" and a consensus price target of $128.57.

Insiders Place Their Bets

In other news, Director Alvin L. Bowles, Jr. sold 900 shares of the company's stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $107.32, for a total transaction of $96,588.00. Following the completion of the transaction, the director now directly owns 3,148 shares of the company's stock, valued at $337,843.36. This represents a 22.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Fazal F. Merchant sold 1,269 shares of Ryman Hospitality Properties stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $113.98, for a total value of $144,640.62. Following the completion of the sale, the director now directly owns 4,825 shares in the company, valued at approximately $549,953.50. This represents a 20.82 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company's stock.

Ryman Hospitality Properties Trading Down 2.1 %

RHP traded down $2.39 during mid-day trading on Friday, hitting $113.24. The stock had a trading volume of 538,963 shares, compared to its average volume of 453,075. Ryman Hospitality Properties, Inc. has a 1-year low of $93.76 and a 1-year high of $122.91. The firm has a market capitalization of $6.78 billion, a price-to-earnings ratio of 20.11, a price-to-earnings-growth ratio of 2.95 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. The stock's fifty day simple moving average is $112.64 and its 200-day simple moving average is $105.68.

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

Ryman Hospitality Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 4.06%. This is a boost 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%.

About Ryman Hospitality Properties

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.