JPMorgan Chase & Co. Has $139.51 Million Stock Holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP)

JPMorgan Chase & Co. lowered its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 8.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,300,948 shares of the real estate investment trust's stock after selling 118,815 shares during the quarter. JPMorgan Chase & Co. owned approximately 2.17% of Ryman Hospitality Properties worth $139,514,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in RHP. Tidal Investments LLC raised its holdings in shares of Ryman Hospitality Properties by 2.1% in the 3rd quarter. Tidal Investments LLC now owns 7,264 shares of the real estate investment trust's stock worth $779,000 after purchasing an additional 152 shares during the period. Sanctuary Advisors LLC grew its position in shares of Ryman Hospitality Properties by 121.1% during the third quarter. Sanctuary Advisors LLC now owns 6,433 shares of the real estate investment trust's stock worth $744,000 after buying an additional 3,523 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its holdings in Ryman Hospitality Properties by 33.8% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 24,486 shares of the real estate investment trust's stock worth $2,626,000 after acquiring an additional 6,186 shares in the last quarter. Geode Capital Management LLC increased its holdings in Ryman Hospitality Properties by 0.9% in the third quarter. Geode Capital Management LLC now owns 1,458,389 shares of the real estate investment trust's stock valued at $156,427,000 after buying an additional 12,323 shares during the last quarter. Finally, Vestcor Inc increased its holdings in shares of Ryman Hospitality Properties by 92.4% in the 3rd quarter. Vestcor Inc now owns 29,989 shares of the real estate investment trust's stock valued at $3,216,000 after acquiring an additional 14,400 shares during the last quarter. Hedge funds and other institutional investors own 94.48% of the company's stock.

Ryman Hospitality Properties Stock Down 1.7 %

Shares of RHP stock traded down $1.76 on Thursday, reaching $102.58. 490,420 shares of the company's stock traded hands, compared to its average volume of 459,163. Ryman Hospitality Properties, Inc. has a 12-month low of $93.76 and a 12-month high of $122.91. The company has a market capitalization of $6.14 billion, a P/E ratio of 18.22, a price-to-earnings-growth ratio of 2.95 and a beta of 1.65. 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 business's 50 day moving average price is $111.61 and its two-hundred day moving average price is $106.05.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.94 EPS for the quarter, missing the consensus estimate of $1.83 by ($0.89). Ryman Hospitality Properties had a net margin of 14.84% and a return on equity of 61.94%. The company had revenue of $549.90 million for the quarter, compared to analysts' expectations of $545.93 million. During the same quarter in the prior year, the firm earned $1.73 earnings per share. The company's revenue was up 4.0% on a year-over-year basis. On average, equities analysts forecast 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 declared 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 is a positive change from Ryman Hospitality Properties's previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $4.60 annualized dividend and a dividend yield of 4.48%. Ryman Hospitality Properties's dividend payout ratio is 81.71%.

Analysts Set New Price Targets

RHP has been the topic of several recent research reports. Jefferies Financial Group started coverage on Ryman Hospitality Properties in a report on Wednesday, November 6th. They issued a "buy" rating and a $130.00 price target on the stock. BMO Capital Markets began coverage on Ryman Hospitality Properties in a report on Monday, December 9th. They set an "outperform" rating and a $133.00 target price on the stock. Wells Fargo & Company raised their target price on Ryman Hospitality Properties from $124.00 to $130.00 and gave the company an "overweight" rating in a research note on Monday, December 9th. Truist Financial boosted their price target on shares of Ryman Hospitality Properties from $130.00 to $136.00 and gave the stock a "buy" rating in a research report on Monday, November 18th. Finally, JPMorgan Chase & Co. restated an "underweight" rating and set a $100.00 price objective on shares of Ryman Hospitality Properties in a research report on Friday, December 13th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $128.57.

Insiders Place Their Bets

In other news, Director Fazal F. Merchant sold 1,269 shares of the business's 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 completion of the sale, the director now directly owns 4,825 shares in the company, valued at approximately $549,953.50. The trade was a 20.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company 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.