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

Harbour Capital Advisors LLC lowered its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 58.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,680 shares of the real estate investment trust's stock after selling 8,146 shares during the period. Harbour Capital Advisors LLC's holdings in Ryman Hospitality Properties were worth $630,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. grew its holdings in shares of Ryman Hospitality Properties by 194.0% during the second quarter. Principal Financial Group Inc. now owns 2,222,077 shares of the real estate investment trust's stock worth $221,896,000 after buying an additional 1,466,220 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Ryman Hospitality Properties by 264.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,199,392 shares of the real estate investment trust's stock worth $119,771,000 after buying an additional 870,081 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Ryman Hospitality Properties by 2.7% during the first quarter. Vanguard Group Inc. now owns 8,470,274 shares of the real estate investment trust's stock worth $979,248,000 after buying an additional 226,547 shares during the last quarter. Reinhart Partners LLC. grew its holdings in shares of Ryman Hospitality Properties by 55.5% during the third quarter. Reinhart Partners LLC. now owns 383,026 shares of the real estate investment trust's stock worth $41,076,000 after buying an additional 136,756 shares during the last quarter. Finally, Duff & Phelps Investment Management Co. grew its holdings in shares of Ryman Hospitality Properties by 24.9% during the second quarter. Duff & Phelps Investment Management Co. now owns 552,346 shares of the real estate investment trust's stock worth $55,157,000 after buying an additional 110,027 shares during the last quarter. Institutional investors and hedge funds own 94.48% of the company's stock.

Ryman Hospitality Properties Price Performance

Shares of NYSE:RHP traded down $2.00 during trading on Friday, hitting $109.18. 456,179 shares of the stock were exchanged, compared to its average volume of 450,678. The company has a fifty day moving average price of $105.12 and a two-hundred day moving average price of $104.24. The company has a market cap of $6.54 billion, a PE ratio of 22.62, a P/E/G ratio of 2.36 and a beta of 1.66. 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 12-month low of $81.90 and a 12-month high of $122.91.

Ryman Hospitality Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 4.03%. The ex-dividend date of this dividend was Monday, September 30th. Ryman Hospitality Properties's dividend payout ratio (DPR) is 91.10%.

Insider Transactions at Ryman Hospitality Properties

In other news, Director Alvin L. Bowles, Jr. sold 900 shares of the business's stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $107.32, for a total transaction of $96,588.00. Following the sale, the director now owns 3,148 shares of the company's stock, valued at $337,843.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Alvin L. Bowles, Jr. sold 900 shares of Ryman Hospitality Properties stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $107.32, for a total transaction of $96,588.00. Following the completion of the transaction, the director now directly owns 3,148 shares in the company, valued at $337,843.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Colin V. Reed acquired 8,077 shares of the business's stock in a transaction that occurred on Tuesday, August 6th. The shares were bought at an average price of $97.78 per share, with a total value of $789,769.06. Following the completion of the transaction, the chairman now directly owns 827,220 shares in the company, valued at approximately $80,885,571.60. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 3.00% of the company's stock.

Analysts Set New Price Targets

RHP has been the topic of a number of research reports. JPMorgan Chase & Co. raised their price target on Ryman Hospitality Properties from $104.00 to $105.00 and gave the stock a "neutral" rating in a report on Friday, August 2nd. StockNews.com raised Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a report on Friday, August 9th. Finally, Wells Fargo & Company lowered 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 given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $124.20.

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.