Natixis Advisors LLC Sells 4,973 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Natixis Advisors LLC reduced its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 23.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,129 shares of the real estate investment trust's stock after selling 4,973 shares during the period. Natixis Advisors LLC's holdings in Ryman Hospitality Properties were worth $1,683,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of RHP. Principal Financial Group Inc. boosted its position in shares of Ryman Hospitality Properties by 3.2% during the fourth quarter. Principal Financial Group Inc. now owns 3,254,693 shares of the real estate investment trust's stock valued at $339,596,000 after purchasing an additional 101,333 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Ryman Hospitality Properties by 0.9% during the 3rd 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 in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Ryman Hospitality Properties by 1.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 979,176 shares of the real estate investment trust's stock worth $102,167,000 after buying an additional 14,861 shares during the period. Cooke & Bieler LP bought a new position in shares of Ryman Hospitality Properties in the 4th quarter worth about $74,811,000. Finally, Hamlin Capital Management LLC bought a new position in shares of Ryman Hospitality Properties in the 4th quarter worth about $65,142,000. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Buying and Selling

In other news, Chairman Colin V. Reed bought 8,231 shares of the stock in a transaction on Wednesday, February 26th. The shares were bought at an average price of $97.54 per share, with a total value of $802,851.74. Following the completion of the acquisition, the chairman now owns 832,260 shares in the company, valued at $81,178,640.40. The trade was a 1.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Alvin L. Bowles, Jr. sold 473 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $97.03, for a total value of $45,895.19. Following the completion of the transaction, the director now directly owns 2,675 shares in the company, valued at $259,555.25. The trade was a 15.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on RHP shares. BMO Capital Markets initiated coverage on shares of Ryman Hospitality Properties in a research note on Monday, December 9th. They set an "outperform" rating and a $133.00 target price for the company. Wells Fargo & Company lowered their price objective on 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. Truist Financial cut their target price on 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. StockNews.com raised Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research report on Saturday, March 1st. Finally, JPMorgan Chase & Co. reissued 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 assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, Ryman Hospitality Properties currently has an average rating of "Moderate Buy" and a consensus target price of $124.67.

Ryman Hospitality Properties Stock Down 1.8 %

Shares of RHP stock traded down $1.68 during mid-day trading on Friday, hitting $91.77. The company's stock had a trading volume of 644,542 shares, compared to its average volume of 557,082. The stock has a market cap of $5.50 billion, a price-to-earnings ratio of 20.90, a PEG ratio of 2.71 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. Ryman Hospitality Properties, Inc. has a 52-week low of $90.81 and a 52-week high of $121.77. The business has a 50-day moving average price of $100.24 and a 200 day moving average price of $106.14.

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

Ryman Hospitality Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $1.15 per share. The ex-dividend date is Monday, March 31st. This represents a $4.60 dividend on an annualized basis and a yield of 5.01%. Ryman Hospitality Properties's dividend payout ratio (DPR) is 104.78%.

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.