Healthcare of Ontario Pension Plan Trust Fund Reduces Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Healthcare of Ontario Pension Plan Trust Fund cut its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 26.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,500 shares of the real estate investment trust's stock after selling 4,500 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund's holdings in Ryman Hospitality Properties were worth $1,248,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RHP. Parallel Advisors LLC raised its holdings in Ryman Hospitality Properties by 6,550.0% in the 4th quarter. Parallel Advisors LLC now owns 266 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 262 shares during the period. Fifth Third Bancorp raised its stake in shares of Ryman Hospitality Properties by 347.6% during the 2nd quarter. Fifth Third Bancorp now owns 282 shares of the real estate investment trust's stock worth $28,000 after buying an additional 219 shares during the period. Larson Financial Group LLC purchased a new position in shares of Ryman Hospitality Properties during the 1st quarter valued at approximately $35,000. SYSTM Wealth Solutions LLC acquired a new stake in Ryman Hospitality Properties in the 2nd quarter valued at $32,000. Finally, Quest Partners LLC grew its stake in Ryman Hospitality Properties by 8,450.0% in the 2nd quarter. Quest Partners LLC now owns 342 shares of the real estate investment trust's stock valued at $34,000 after acquiring an additional 338 shares during the period. Institutional investors and hedge funds own 94.48% of the company's stock.

Insider Activity

In other Ryman Hospitality Properties news, Chairman Colin V. Reed acquired 8,077 shares of the business's stock in a transaction that occurred on Tuesday, August 6th. The stock was purchased at an average cost of $97.78 per share, with a total value of $789,769.06. Following the transaction, the chairman now owns 827,220 shares of the company's stock, valued at $80,885,571.60. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Ryman Hospitality Properties news, Director Alvin L. Bowles, Jr. sold 900 shares of the business's stock in a transaction dated 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 directly owns 3,148 shares in the company, valued at $337,843.36. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Colin V. Reed purchased 8,077 shares of Ryman Hospitality Properties stock in a transaction dated Tuesday, August 6th. The shares were acquired at an average cost of $97.78 per share, for a total transaction of $789,769.06. Following the transaction, the chairman now directly owns 827,220 shares of the company's stock, valued at approximately $80,885,571.60. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 3.00% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. StockNews.com upgraded shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research report on Friday, August 9th. JPMorgan Chase & Co. increased their target price on Ryman Hospitality Properties from $104.00 to $105.00 and gave the company a "neutral" rating in a report on Friday, August 2nd. Finally, Wells Fargo & Company decreased their price objective on Ryman Hospitality Properties from $127.00 to $115.00 and set an "overweight" rating on the stock in a report on Friday, September 13th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $124.20.

Ryman Hospitality Properties Trading Down 0.8 %

Shares of RHP opened at $111.67 on Tuesday. Ryman Hospitality Properties, Inc. has a 12-month low of $81.90 and a 12-month high of $122.91. The firm has a market capitalization of $6.69 billion, a P/E ratio of 23.12, a P/E/G ratio of 2.34 and a beta of 1.66. The firm has a 50-day moving average price of $103.22 and a 200 day moving average price of $104.32. 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 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $4.40 annualized dividend and a dividend yield of 3.94%. Ryman Hospitality Properties's dividend payout ratio (DPR) is 91.10%.

Ryman Hospitality Properties 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.