Jacobs Levy Equity Management Inc. Sells 14,683 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Jacobs Levy Equity Management Inc. decreased its position in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 52.6% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 13,213 shares of the real estate investment trust's stock after selling 14,683 shares during the period. Jacobs Levy Equity Management Inc.'s holdings in Ryman Hospitality Properties were worth $1,417,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Principal Financial Group Inc. grew its stake in shares of Ryman Hospitality Properties by 194.0% in the second quarter. Principal Financial Group Inc. now owns 2,222,077 shares of the real estate investment trust's stock valued at $221,896,000 after buying an additional 1,466,220 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Ryman Hospitality Properties by 264.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,199,392 shares of the real estate investment trust's stock valued at $119,771,000 after acquiring an additional 870,081 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Ryman Hospitality Properties by 483.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 609,761 shares of the real estate investment trust's stock valued at $65,391,000 after acquiring an additional 505,207 shares during the period. Victory Capital Management Inc. increased its stake in shares of Ryman Hospitality Properties by 3,800.4% during the 3rd quarter. Victory Capital Management Inc. now owns 292,410 shares of the real estate investment trust's stock worth $31,358,000 after purchasing an additional 284,913 shares during the last quarter. Finally, Reinhart Partners LLC. raised its holdings in shares of Ryman Hospitality Properties by 55.5% in the 3rd quarter. Reinhart Partners LLC. now owns 383,026 shares of the real estate investment trust's stock valued at $41,076,000 after purchasing an additional 136,756 shares during the period. Institutional investors and hedge funds own 94.48% of the company's stock.

Ryman Hospitality Properties Stock Down 0.0 %

NYSE:RHP traded down $0.04 on Monday, hitting $118.21. The stock had a trading volume of 216,568 shares, compared to its average volume of 451,241. The firm's fifty day simple moving average is $111.88 and its two-hundred day simple moving average is $105.28. 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 cap of $7.08 billion, a P/E ratio of 21.12, a price-to-earnings-growth ratio of 2.98 and a beta of 1.65. Ryman Hospitality Properties, Inc. has a 1 year low of $93.76 and a 1 year high of $122.91.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last released its earnings results on Monday, November 4th. The real estate investment trust reported $0.94 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.83 by ($0.89). Ryman Hospitality Properties had a return on equity of 61.94% and a net margin of 14.84%. The firm had revenue of $549.90 million during the quarter, compared to analysts' expectations of $545.93 million. During the same period in the prior year, the business earned $1.73 earnings per share. The business's quarterly revenue was up 4.0% compared to the same quarter last year. 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. Shareholders of record on Tuesday, December 31st will be issued a dividend of $1.15 per share. This is a boost from Ryman Hospitality Properties's previous quarterly dividend of $1.10. The ex-dividend date is Tuesday, December 31st. This represents a $4.60 dividend on an annualized basis and a yield of 3.89%. Ryman Hospitality Properties's payout ratio is presently 78.15%.

Insiders Place Their Bets

In other Ryman Hospitality Properties news, Director Fazal F. Merchant sold 1,269 shares of Ryman Hospitality Properties stock in a transaction on Wednesday, November 13th. The stock was 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 of the company's stock, valued at approximately $549,953.50. This trade represents a 20.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alvin L. Bowles, Jr. sold 900 shares of the business's stock in a transaction that occurred 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 sale, the director now owns 3,148 shares of the company's stock, valued at $337,843.36. This trade represents a 22.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. BMO Capital Markets initiated coverage on Ryman Hospitality Properties in a research report on Monday. They set an "outperform" rating and a $133.00 price target on the stock. Jefferies Financial Group started coverage on shares of Ryman Hospitality Properties in a research note on Wednesday, November 6th. They set a "buy" rating and a $130.00 target price for the company. Truist Financial increased their price target on shares of Ryman Hospitality Properties from $130.00 to $136.00 and gave the company a "buy" rating in a report on Monday, November 18th. Finally, Wells Fargo & Company boosted their price objective on Ryman Hospitality Properties from $124.00 to $130.00 and gave the stock an "overweight" rating in a report on Monday. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $129.29.

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.