Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Sold by Fmr LLC

FMR LLC decreased its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 27.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,068,426 shares of the real estate investment trust's stock after selling 775,597 shares during the quarter. FMR LLC owned about 3.45% of Ryman Hospitality Properties worth $221,818,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its stake in shares of Ryman Hospitality Properties by 41.9% during the 3rd quarter. Principal Financial Group Inc. now owns 3,153,360 shares of the real estate investment trust's stock worth $338,168,000 after purchasing an additional 931,283 shares during the last quarter. American Century Companies Inc. boosted its holdings in Ryman Hospitality Properties by 0.8% in the second quarter. American Century Companies Inc. now owns 1,586,256 shares of the real estate investment trust's stock worth $158,404,000 after purchasing an additional 12,058 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in Ryman Hospitality Properties by 264.2% in 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 purchasing an additional 870,081 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Ryman Hospitality Properties by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 964,315 shares of the real estate investment trust's stock valued at $103,413,000 after acquiring an additional 6,289 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Ryman Hospitality Properties by 1.0% in the second quarter. Dimensional Fund Advisors LP now owns 820,639 shares of the real estate investment trust's stock worth $81,947,000 after acquiring an additional 8,469 shares in the last quarter. 94.48% of the stock is owned by institutional investors and hedge funds.

Ryman Hospitality Properties Stock Performance

Shares of Ryman Hospitality Properties stock traded up $1.69 during trading hours on Tuesday, reaching $119.24. The company had a trading volume of 271,520 shares, compared to its average volume of 451,261. 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 one year low of $93.76 and a one year high of $122.91. The firm has a market cap of $7.14 billion, a PE ratio of 21.03, a price-to-earnings-growth ratio of 2.96 and a beta of 1.65. The business has a fifty day simple moving average of $111.23 and a 200 day simple moving average of $104.90.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $549.90 million for 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 business's revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.73 earnings per share. On average, analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.44 earnings per share for the current fiscal year.

Ryman Hospitality Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $1.15 dividend. This is a positive change from Ryman Hospitality Properties's previous quarterly dividend of $1.10. This represents a $4.60 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date is Tuesday, December 31st. Ryman Hospitality Properties's dividend payout ratio is 78.15%.

Analyst Ratings Changes

RHP has been the subject of several recent research reports. Jefferies Financial Group initiated coverage on Ryman Hospitality Properties in a research note on Wednesday, November 6th. They issued a "buy" rating and a $130.00 price target for the company. Wells Fargo & Company decreased their target price on Ryman Hospitality Properties from $127.00 to $115.00 and set an "overweight" rating on the stock in a report on Friday, September 13th. StockNews.com raised Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research note on Friday, August 9th. Finally, Truist Financial lifted their target price on Ryman Hospitality Properties from $130.00 to $136.00 and gave the company a "buy" rating in a research report on Monday, November 18th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $126.17.

Insider Transactions at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Director Fazal F. Merchant sold 1,269 shares of the 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 sale, the director now directly owns 4,825 shares of the company's stock, valued at approximately $549,953.50. This represents a 20.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Alvin L. Bowles, Jr. sold 900 shares of the company's stock in a transaction on Thursday, September 19th. The shares were 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 owns 3,148 shares of the company's stock, valued at approximately $337,843.36. The trade was a 22.23 % 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 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.