Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Sold by GSA Capital Partners LLP

GSA Capital Partners LLP cut its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 65.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,762 shares of the real estate investment trust's stock after selling 8,969 shares during the quarter. GSA Capital Partners LLP's holdings in Ryman Hospitality Properties were worth $511,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in RHP. Quadrature Capital Ltd lifted its holdings in Ryman Hospitality Properties by 94.3% in the 1st quarter. Quadrature Capital Ltd now owns 20,639 shares of the real estate investment trust's stock worth $2,389,000 after purchasing an additional 10,015 shares in the last quarter. Harbor Capital Advisors Inc. grew its position in Ryman Hospitality Properties by 378.7% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 21,329 shares of the real estate investment trust's stock valued at $2,130,000 after acquiring an additional 16,873 shares during the last quarter. PGGM Investments bought a new position in Ryman Hospitality Properties in the 2nd quarter valued at $7,512,000. Bessemer Group Inc. grew its position in Ryman Hospitality Properties by 7.5% in the 1st quarter. Bessemer Group Inc. now owns 121,203 shares of the real estate investment trust's stock valued at $14,012,000 after acquiring an additional 8,430 shares during the last quarter. Finally, EntryPoint Capital LLC grew its position in shares of Ryman Hospitality Properties by 398.1% during the 1st quarter. EntryPoint Capital LLC now owns 1,056 shares of the real estate investment trust's stock worth $122,000 after buying an additional 844 shares in the last quarter. 94.48% of the stock is currently owned by institutional investors.

Ryman Hospitality Properties Stock Up 0.4 %

RHP traded up $0.43 on Wednesday, hitting $112.11. 397,164 shares of the company were exchanged, compared to its average volume of 455,380. Ryman Hospitality Properties, Inc. has a twelve month low of $93.76 and a twelve month high of $122.91. The company has a market cap of $6.72 billion, a price-to-earnings ratio of 19.92, a price-to-earnings-growth ratio of 1.96 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 firm has a 50-day moving average price of $109.12 and a two-hundred day moving average price of $104.24.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last posted its earnings results 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 during the quarter, compared to analysts' expectations 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 revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.73 earnings per share. On average, equities analysts predict that Ryman Hospitality Properties, Inc. will post 8.44 earnings per share for the current year.

Ryman Hospitality Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.10%. This is an increase from Ryman Hospitality Properties's previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Tuesday, December 31st. Ryman Hospitality Properties's dividend payout ratio is 78.15%.

Analysts Set New Price Targets

RHP has been the topic of a number of recent research reports. StockNews.com raised Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research report on Friday, August 9th. Wells Fargo & Company decreased their price target on Ryman Hospitality Properties from $127.00 to $115.00 and set an "overweight" rating for the company in a research note on Friday, September 13th. 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. Truist Financial raised their price objective on Ryman Hospitality Properties from $130.00 to $136.00 and gave the stock a "buy" rating in a research note on Monday. Finally, JPMorgan Chase & Co. raised their target price on Ryman Hospitality Properties from $104.00 to $105.00 and gave the stock a "neutral" rating in a report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $126.17.

Insider Transactions at Ryman Hospitality Properties

In related news, Director Alvin L. Bowles, Jr. sold 900 shares of the company's 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 sale, the director now owns 3,148 shares in the company, valued at $337,843.36. This represents a 22.23 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Fazal F. Merchant sold 1,269 shares of the stock in a transaction 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 owns 4,825 shares in the company, valued at approximately $549,953.50. This trade represents a 20.82 % decrease in their position. The disclosure for this sale 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.