Chartwell Investment Partners LLC Sells 7,309 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Chartwell Investment Partners LLC trimmed its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 7.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 87,804 shares of the real estate investment trust's stock after selling 7,309 shares during the period. Chartwell Investment Partners LLC owned about 0.15% of Ryman Hospitality Properties worth $9,416,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Fifth Third Bancorp increased 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 purchasing an additional 219 shares in the last quarter. SYSTM Wealth Solutions LLC purchased a new position in Ryman Hospitality Properties in the 2nd quarter valued at approximately $32,000. Quest Partners LLC increased its stake in 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 valued at $34,000 after purchasing an additional 338 shares in the last quarter. GAMMA Investing LLC increased its stake in 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 valued at $43,000 after purchasing an additional 103 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its position in Ryman Hospitality Properties by 79.9% during the third quarter. Farther Finance Advisors LLC now owns 491 shares of the real estate investment trust's stock worth $53,000 after buying an additional 218 shares in the last quarter. 94.48% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Ryman Hospitality Properties

In related news, Director Alvin L. Bowles, Jr. sold 900 shares of the firm's stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $107.32, for a total value of $96,588.00. Following the transaction, the director now directly owns 3,148 shares of the company's stock, valued at approximately $337,843.36. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 3.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Wells Fargo & Company dropped their price target on 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. StockNews.com upgraded Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a report on Friday, August 9th. Jefferies Financial Group assumed coverage on Ryman Hospitality Properties in a report on Wednesday, November 6th. They set a "buy" rating and a $130.00 price objective on the stock. Finally, JPMorgan Chase & Co. raised their price objective on Ryman Hospitality Properties from $104.00 to $105.00 and gave the stock a "neutral" rating in a report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $125.17.

Ryman Hospitality Properties Stock Up 1.5 %

Shares of RHP traded up $1.72 during mid-day trading on Monday, reaching $114.22. The company's stock had a trading volume of 131,120 shares, compared to its average volume of 454,941. Ryman Hospitality Properties, Inc. has a 1 year low of $92.34 and a 1 year high of $122.91. The company has a quick ratio of 1.92, a current ratio of 1.73 and a debt-to-equity ratio of 6.07. The company has a market cap of $6.84 billion, a price-to-earnings ratio of 19.98, a price-to-earnings-growth ratio of 2.13 and a beta of 1.65. The business has a fifty day moving average of $107.42 and a 200 day moving average of $103.92.

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 for the quarter, missing the consensus estimate of $1.83 by ($0.89). The business had revenue of $549.90 million for the quarter, compared to analysts' expectations of $545.93 million. Ryman Hospitality Properties had a net margin of 14.84% and a return on equity of 61.94%. The company's revenue was up 4.0% compared to the same quarter last year. During the same period last year, the firm earned $1.73 EPS. As a group, analysts forecast that Ryman Hospitality Properties, Inc. will post 8.42 earnings per share 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. Shareholders of record on Tuesday, December 31st will be given a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 4.03%. This is an increase from Ryman Hospitality Properties's previous quarterly dividend of $1.10. The ex-dividend date is Tuesday, December 31st. Ryman Hospitality Properties's payout ratio is currently 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.