Cinctive Capital Management LP Acquires New Holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Cinctive Capital Management LP acquired a new stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 33,410 shares of the real estate investment trust's stock, valued at approximately $3,583,000. Cinctive Capital Management LP owned 0.06% of Ryman Hospitality Properties as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of RHP. Fifth Third Bancorp boosted 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 worth $28,000 after purchasing an additional 219 shares during the period. SYSTM Wealth Solutions LLC acquired a new position in shares of Ryman Hospitality Properties during the second quarter worth about $32,000. Quest Partners LLC grew its holdings in shares of Ryman Hospitality Properties by 8,450.0% during the second quarter. Quest Partners LLC now owns 342 shares of the real estate investment trust's stock worth $34,000 after buying an additional 338 shares in the last quarter. GAMMA Investing LLC raised its position 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 buying an additional 103 shares during the last quarter. Finally, Avior Wealth Management LLC lifted its stake in Ryman Hospitality Properties by 44.9% in the 3rd quarter. Avior Wealth Management LLC now owns 442 shares of the real estate investment trust's stock valued at $47,000 after acquiring an additional 137 shares in the last quarter. Institutional investors own 94.48% of the company's stock.

Ryman Hospitality Properties Price Performance

NYSE RHP traded up $1.58 during trading on Tuesday, hitting $119.13. 303,980 shares of the company's stock were exchanged, compared to its average volume of 451,459. The company has a market cap of $7.14 billion, a PE ratio of 21.16, a P/E/G ratio of 2.96 and a beta of 1.65. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 6.07. The stock's 50 day moving average price is $111.23 and its two-hundred day moving average price is $104.90. Ryman Hospitality Properties, Inc. has a fifty-two week low of $93.76 and a fifty-two week high of $122.91.

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

Ryman Hospitality Properties Increases Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 3.86%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a positive change from Ryman Hospitality Properties's previous quarterly dividend of $1.10. Ryman Hospitality Properties's payout ratio is 81.71%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. StockNews.com raised shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a report on Friday, August 9th. 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 dropped their price target on Ryman Hospitality Properties from $127.00 to $115.00 and set an "overweight" rating for the company in a report on Friday, September 13th. Finally, Jefferies Financial Group began coverage on Ryman Hospitality Properties in a report on Wednesday, November 6th. They set a "buy" rating and a $130.00 target price for the company. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $126.17.

Insider Activity

In other Ryman Hospitality Properties news, Director Alvin L. Bowles, Jr. sold 900 shares of the 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 owns 3,148 shares in the company, valued at approximately $337,843.36. This represents a 22.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Fazal F. Merchant sold 1,269 shares of the business's stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $113.98, for a total transaction of $144,640.62. Following the sale, the director now owns 4,825 shares of the company's stock, valued at $549,953.50. This trade represents a 20.82 % 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 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.