Susquehanna Portfolio Strategies LLC Reduces Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Susquehanna Portfolio Strategies LLC trimmed its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 5.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,590 shares of the real estate investment trust's stock after selling 4,800 shares during the period. Susquehanna Portfolio Strategies LLC owned about 0.13% of Ryman Hospitality Properties worth $7,648,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. The Manufacturers Life Insurance Company boosted its stake in Ryman Hospitality Properties by 1.2% in the second quarter. The Manufacturers Life Insurance Company now owns 41,488 shares of the real estate investment trust's stock valued at $4,143,000 after acquiring an additional 500 shares during the last quarter. Employees Retirement System of Texas lifted its stake in Ryman Hospitality Properties by 116.9% in the second quarter. Employees Retirement System of Texas now owns 20,412 shares of the real estate investment trust's stock valued at $2,038,000 after purchasing an additional 11,000 shares during the last quarter. Armistice Capital LLC grew its holdings in Ryman Hospitality Properties by 142.7% during the second quarter. Armistice Capital LLC now owns 60,063 shares of the real estate investment trust's stock valued at $5,998,000 after purchasing an additional 35,319 shares during the period. Point72 Asia Singapore Pte. Ltd. increased its position in Ryman Hospitality Properties by 58.7% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,514 shares of the real estate investment trust's stock worth $151,000 after buying an additional 560 shares during the last quarter. Finally, Aristeia Capital L.L.C. bought a new stake in shares of Ryman Hospitality Properties in the second quarter valued at $421,000. 94.48% of the stock is owned by hedge funds and other institutional investors.

Ryman Hospitality Properties Price Performance

Shares of RHP traded up $0.40 during mid-day trading on Friday, reaching $109.37. 374,784 shares of the stock traded hands, compared to its average volume of 453,038. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 5.96. Ryman Hospitality Properties, Inc. has a 1 year low of $80.67 and a 1 year high of $122.91. The company has a market cap of $6.55 billion, a price-to-earnings ratio of 22.64, a price-to-earnings-growth ratio of 2.34 and a beta of 1.66. The firm has a fifty day moving average price of $102.15 and a 200 day moving average price of $104.85.

Ryman Hospitality Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.02%. Ryman Hospitality Properties's dividend payout ratio (DPR) is presently 91.10%.

Analysts Set New Price Targets

RHP has been the subject of several recent research reports. Wells Fargo & Company decreased their price objective on Ryman Hospitality Properties from $127.00 to $115.00 and set an "overweight" rating for the company in a report on Friday, September 13th. JPMorgan Chase & Co. upped their price target on shares of Ryman Hospitality Properties from $104.00 to $105.00 and gave the company a "neutral" rating in a research note on Friday, August 2nd. Finally, StockNews.com upgraded shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research note on Friday, August 9th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $119.17.

Insider Transactions at Ryman Hospitality Properties

In related news, Chairman Colin V. Reed purchased 8,077 shares of the business's stock in a transaction on Tuesday, August 6th. The stock was acquired at an average price of $97.78 per share, with a total value of $789,769.06. Following the purchase, the chairman now directly owns 827,220 shares in the company, valued at $80,885,571.60. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Ryman Hospitality Properties news, Director Alvin L. Bowles, Jr. sold 900 shares of the 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 transaction, the director now directly owns 3,148 shares in the company, valued at $337,843.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Colin V. Reed acquired 8,077 shares of the business's stock in a transaction dated Tuesday, August 6th. The stock was acquired at an average cost of $97.78 per share, with a total value of $789,769.06. Following the purchase, the chairman now directly owns 827,220 shares in the company, valued at approximately $80,885,571.60. The disclosure for this purchase can be found here. 3.00% of the stock is owned by insiders.

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.