Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Sold by Dark Forest Capital Management LP

Dark Forest Capital Management LP lowered its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 55.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,237 shares of the real estate investment trust's stock after selling 13,824 shares during the quarter. Dark Forest Capital Management LP's holdings in Ryman Hospitality Properties were worth $1,172,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Heck Capital Advisors LLC purchased a new stake in shares of Ryman Hospitality Properties during the 4th quarter worth approximately $31,000. Harvest Fund Management Co. Ltd purchased a new position in shares of Ryman Hospitality Properties during the fourth quarter worth about $72,000. Venturi Wealth Management LLC purchased a new stake in Ryman Hospitality Properties during the 4th quarter valued at approximately $83,000. Covestor Ltd lifted its position in Ryman Hospitality Properties by 33.3% during the 4th quarter. Covestor Ltd now owns 829 shares of the real estate investment trust's stock worth $87,000 after acquiring an additional 207 shares during the period. Finally, Blue Trust Inc. grew its stake in shares of Ryman Hospitality Properties by 23.4% in the 4th 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 last quarter. Hedge funds and other institutional investors own 94.48% of the company's stock.

Insider Transactions at Ryman Hospitality Properties

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

Wall Street Analysts Forecast Growth

RHP has been the topic of several analyst reports. Evercore ISI lowered their target price on shares of Ryman Hospitality Properties from $130.00 to $120.00 and set an "outperform" rating on the stock in a report on Monday. Jefferies Financial Group decreased their target price on shares of Ryman Hospitality Properties from $118.00 to $100.00 and set a "buy" rating on the stock 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 upgraded shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research report on Saturday, March 1st. Finally, Truist Financial reduced their price target on shares of Ryman Hospitality Properties from $133.00 to $127.00 and set a "buy" rating for the company in a research report on Friday, March 21st. 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. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $119.71.

Ryman Hospitality Properties Stock Up 0.0 %

Shares of NYSE RHP traded up $0.01 during midday trading on Tuesday, reaching $87.42. 66,225 shares of the company's stock were exchanged, compared to its average volume of 611,632. Ryman Hospitality Properties, Inc. has a 52-week low of $76.27 and a 52-week high of $121.77. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.73 and a current ratio of 1.73. The stock has a market capitalization of $5.24 billion, a PE ratio of 19.91, a price-to-earnings-growth ratio of 2.71 and a beta of 1.38. The business's fifty day moving average price is $91.67 and its two-hundred day moving average price is $102.60.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share for the quarter, beating analysts' consensus estimates 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 business had revenue of $647.63 million during the quarter, compared to the consensus estimate of $656.01 million. Analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.

Ryman Hospitality Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 5.26%. The ex-dividend date of this dividend was Monday, March 31st. Ryman Hospitality Properties's dividend payout ratio (DPR) is presently 104.78%.

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.