Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Sold by Natixis Advisors LLC

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

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quarry LP purchased a new position in Ryman Hospitality Properties during the 3rd quarter worth $28,000. Heck Capital Advisors LLC purchased a new position in shares of Ryman Hospitality Properties during the fourth quarter valued at $31,000. Avior Wealth Management LLC raised its holdings in shares of Ryman Hospitality Properties by 44.9% in the third quarter. Avior Wealth Management LLC now owns 442 shares of the real estate investment trust's stock valued at $47,000 after acquiring an additional 137 shares in the last quarter. Venturi Wealth Management LLC bought a new position in Ryman Hospitality Properties during the 4th quarter worth about $83,000. Finally, Blue Trust Inc. increased its position in Ryman Hospitality Properties by 23.4% during the 4th quarter. Blue Trust Inc. now owns 845 shares of the real estate investment trust's stock valued at $91,000 after purchasing an additional 160 shares during the period. Institutional investors own 94.48% of the company's stock.

Analysts Set New Price Targets

RHP has been the topic of a number of recent research reports. Wells Fargo & Company dropped their price objective on shares of Ryman Hospitality Properties from $130.00 to $122.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 18th. StockNews.com raised Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research report on Saturday, March 1st. BMO Capital Markets began coverage on Ryman Hospitality Properties in a research report on Monday, December 9th. They issued an "outperform" rating and a $133.00 price target for the company. Truist Financial dropped their price objective on Ryman Hospitality Properties from $133.00 to $127.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. Finally, JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $100.00 target price on shares of Ryman Hospitality Properties in a report on Friday, December 13th. One investment 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's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $124.67.

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Insider Buying and Selling

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

Ryman Hospitality Properties Stock Down 0.8 %

Ryman Hospitality Properties stock traded down $0.80 during midday trading on Thursday, reaching $93.44. The company's stock had a trading volume of 863,600 shares, compared to its average volume of 535,772. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.73. The stock has a market capitalization of $5.60 billion, a P/E ratio of 21.28, a PEG ratio of 2.71 and a beta of 1.65. The stock's 50-day simple moving average is $100.24 and its 200-day simple moving average is $106.14. Ryman Hospitality Properties, Inc. has a 52-week low of $92.04 and a 52-week high of $121.77.

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

Ryman Hospitality Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 4.92%. The ex-dividend date of this dividend is Monday, March 31st. Ryman Hospitality Properties's payout ratio 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.