ClearAlpha Technologies LP Purchases Shares of 3,813 Ryman Hospitality Properties, Inc. (NYSE:RHP)

ClearAlpha Technologies LP acquired a new stake in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,813 shares of the real estate investment trust's stock, valued at approximately $398,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Principal Financial Group Inc. increased its position in Ryman Hospitality Properties by 3.2% in the 4th quarter. Principal Financial Group Inc. now owns 3,254,693 shares of the real estate investment trust's stock valued at $339,596,000 after acquiring an additional 101,333 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Ryman Hospitality Properties by 10.7% in the fourth quarter. JPMorgan Chase & Co. now owns 1,439,719 shares of the real estate investment trust's stock valued at $150,220,000 after purchasing an additional 138,771 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Ryman Hospitality Properties by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 979,176 shares of the real estate investment trust's stock valued at $102,167,000 after purchasing an additional 14,861 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Ryman Hospitality Properties by 2.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 853,251 shares of the real estate investment trust's stock worth $89,028,000 after purchasing an additional 24,439 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Ryman Hospitality Properties by 1.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 834,179 shares of the real estate investment trust's stock worth $87,042,000 after purchasing an additional 12,506 shares during the period. 94.48% of the stock is owned by hedge funds and other institutional investors.

Ryman Hospitality Properties Price Performance

Shares of RHP stock traded down $0.26 during midday trading on Friday, reaching $86.41. 741,419 shares of the company traded hands, compared to its average volume of 611,556. The firm's 50 day simple moving average is $92.35 and its two-hundred day simple moving average is $103.04. The firm has a market cap of $5.18 billion, a PE ratio of 19.68, a price-to-earnings-growth ratio of 2.71 and a beta of 1.38. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.73. Ryman Hospitality Properties, Inc. has a 1-year low of $76.27 and a 1-year high of $121.77.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share (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 firm had revenue of $647.63 million during the quarter, compared to analysts' expectations of $656.01 million. On average, equities research analysts expect that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

The firm also recently announced 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. This represents a $4.60 dividend on an annualized basis and a yield of 5.32%. The ex-dividend date was Monday, March 31st. Ryman Hospitality Properties's payout ratio is currently 104.78%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on RHP shares. Jefferies Financial Group cut their price objective on shares of Ryman Hospitality Properties from $118.00 to $100.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Wells Fargo & Company cut their price target on shares of Ryman Hospitality Properties from $130.00 to $122.00 and set an "overweight" rating for the company in a report on Tuesday, February 18th. StockNews.com raised Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a report on Saturday, March 1st. Finally, Truist Financial dropped their target price on Ryman Hospitality Properties from $133.00 to $127.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Ryman Hospitality Properties presently has an average rating of "Moderate Buy" and a consensus price target of $119.67.

Insider Buying and Selling at Ryman Hospitality Properties

In related news, Chairman Colin V. Reed acquired 8,231 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The stock was purchased at an average price of $97.54 per share, for a total transaction of $802,851.74. Following the transaction, the chairman now owns 832,260 shares in the company, valued at $81,178,640.40. This trade represents a 1.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Alvin L. Bowles, Jr. sold 473 shares of the company's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $97.03, for a total transaction of $45,895.19. Following the completion of the transaction, the director now owns 2,675 shares in the company, valued at approximately $259,555.25. This trade represents a 15.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.00% of the company's stock.

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.