Greenland Capital Management LP Sells 13,000 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Greenland Capital Management LP decreased its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 81.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,000 shares of the real estate investment trust's stock after selling 13,000 shares during the quarter. Greenland Capital Management LP's holdings in Ryman Hospitality Properties were worth $313,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Quarry LP acquired a new position in Ryman Hospitality Properties in the 3rd quarter valued at $28,000. Heck Capital Advisors LLC acquired a new stake in shares of Ryman Hospitality Properties during the 4th quarter worth approximately $31,000. Harvest Fund Management Co. Ltd bought a new position in Ryman Hospitality Properties in the fourth quarter valued at approximately $72,000. Venturi Wealth Management LLC acquired a new position in Ryman Hospitality Properties during the fourth quarter valued at approximately $83,000. Finally, Blue Trust Inc. lifted its stake in Ryman Hospitality Properties by 23.4% during the fourth quarter. Blue Trust Inc. now owns 845 shares of the real estate investment trust's stock worth $91,000 after purchasing an additional 160 shares during the last quarter. 94.48% of the stock is currently owned by institutional investors.

Ryman Hospitality Properties Stock Down 0.8 %

RHP traded down $0.70 during trading on Monday, hitting $84.76. 125,798 shares of the company's stock were exchanged, compared to its average volume of 931,525. Ryman Hospitality Properties, Inc. has a fifty-two week low of $76.27 and a fifty-two week high of $121.77. The stock has a market cap of $5.09 billion, a P/E ratio of 19.31, a PEG ratio of 2.71 and a beta of 1.38. The business's 50 day moving average is $95.52 and its two-hundred day moving average is $104.45. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 6.07.

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Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.94. The business had revenue of $647.63 million for the quarter, compared to analysts' expectations of $656.01 million. Ryman Hospitality Properties had a net margin of 11.61% and a return on equity of 49.23%. As a group, equities analysts expect that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 5.43%. The ex-dividend date is Monday, March 31st. Ryman Hospitality Properties's payout ratio is currently 104.78%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on RHP shares. StockNews.com upgraded Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research report on Saturday, March 1st. Truist Financial reduced their price target on shares of Ryman Hospitality Properties from $133.00 to $127.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. Wells Fargo & Company dropped their price objective on shares of Ryman Hospitality Properties from $130.00 to $122.00 and set an "overweight" rating for the company in a research note on Tuesday, February 18th. Finally, 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 note on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $119.67.

Insider Buying and Selling at Ryman Hospitality Properties

In other news, Director Alvin L. Bowles, Jr. sold 473 shares of the firm'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 sale, the director now directly owns 2,675 shares of the company's stock, valued at $259,555.25. This trade represents a 15.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Colin V. Reed purchased 8,231 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The stock was bought at an average cost of $97.54 per share, for a total transaction of $802,851.74. Following the completion of the acquisition, the chairman now directly owns 832,260 shares in the company, 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. Company 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.