Holocene Advisors LP Invests $4.36 Million in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Holocene Advisors LP acquired a new stake in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 40,657 shares of the real estate investment trust's stock, valued at approximately $4,360,000. Holocene Advisors LP owned 0.07% of Ryman Hospitality Properties as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in RHP. Tidal Investments LLC increased its stake in shares of Ryman Hospitality Properties by 33.6% during the 1st quarter. Tidal Investments LLC now owns 2,646 shares of the real estate investment trust's stock worth $306,000 after purchasing an additional 666 shares during the last quarter. Diversified Trust Co increased its stake in shares of Ryman Hospitality Properties by 9.7% during the 2nd quarter. Diversified Trust Co now owns 7,997 shares of the real estate investment trust's stock worth $799,000 after purchasing an additional 709 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Ryman Hospitality Properties by 133.1% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 4,701 shares of the real estate investment trust's stock worth $469,000 after purchasing an additional 2,684 shares during the last quarter. PGGM Investments acquired a new position in shares of Ryman Hospitality Properties during the 2nd quarter worth $7,512,000. Finally, Envestnet Portfolio Solutions Inc. increased its stake in shares of Ryman Hospitality Properties by 18.3% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 2,274 shares of the real estate investment trust's stock worth $227,000 after purchasing an additional 352 shares during the last quarter. Institutional investors and hedge funds own 94.48% of the company's stock.

Ryman Hospitality Properties Price Performance

Shares of NYSE:RHP traded up $0.06 during midday trading on Thursday, reaching $118.20. 425,101 shares of the company's stock were exchanged, compared to its average volume of 452,851. The company's 50 day simple moving average is $111.52 and its two-hundred day simple moving average is $105.09. The firm has a market capitalization of $7.08 billion, a PE ratio of 20.98, a price-to-earnings-growth ratio of 3.00 and a beta of 1.65. Ryman Hospitality Properties, Inc. has a 12 month low of $93.76 and a 12 month high of $122.91. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.73 and a current ratio of 1.73.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.94 EPS for the quarter, missing analysts' consensus estimates of $1.83 by ($0.89). The business had revenue of $549.90 million for the quarter, compared to the consensus estimate of $545.93 million. Ryman Hospitality Properties had a return on equity of 61.94% and a net margin of 14.84%. Ryman Hospitality Properties's revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.73 earnings per share. Equities research analysts expect 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 declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $1.15 per share. This is an increase from Ryman Hospitality Properties's previous quarterly dividend of $1.10. This represents a $4.60 annualized dividend and a yield of 3.89%. The ex-dividend date is Tuesday, December 31st. Ryman Hospitality Properties's dividend payout ratio (DPR) is currently 78.15%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on RHP. StockNews.com upgraded shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research note on Friday, August 9th. Wells Fargo & Company lowered their target price on shares of Ryman Hospitality Properties from $127.00 to $115.00 and set an "overweight" rating on the stock in a research note on Friday, September 13th. Truist Financial raised their target price on shares of Ryman Hospitality Properties from $130.00 to $136.00 and gave the company a "buy" rating in a research note on Monday, November 18th. Finally, Jefferies Financial Group assumed coverage on shares of Ryman Hospitality Properties in a research note on Wednesday, November 6th. They issued a "buy" rating and a $130.00 target price on the stock. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $126.17.

Insider Activity at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Director Fazal F. Merchant sold 1,269 shares of the firm's stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $113.98, for a total value of $144,640.62. Following the completion of 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Alvin L. Bowles, Jr. sold 900 shares of the firm's stock in a transaction dated 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 sale, the director now owns 3,148 shares of the company's stock, valued at $337,843.36. The trade was a 22.23 % decrease in their position. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by insiders.

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.