Emerald Mutual Fund Advisers Trust Sells 13,141 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Emerald Mutual Fund Advisers Trust lowered its position in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 10.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 111,387 shares of the real estate investment trust's stock after selling 13,141 shares during the period. Emerald Mutual Fund Advisers Trust owned 0.19% of Ryman Hospitality Properties worth $11,945,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in RHP. Symmetry Partners LLC bought a new stake in shares of Ryman Hospitality Properties during the third quarter worth about $451,000. Farther Finance Advisors LLC increased its holdings in Ryman Hospitality Properties by 79.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 491 shares of the real estate investment trust's stock worth $53,000 after purchasing an additional 218 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. purchased a new stake in shares of Ryman Hospitality Properties in the third quarter worth approximately $2,391,000. abrdn plc lifted its holdings in shares of Ryman Hospitality Properties by 8.7% in the third quarter. abrdn plc now owns 12,111 shares of the real estate investment trust's stock valued at $1,299,000 after purchasing an additional 971 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its position in shares of Ryman Hospitality Properties by 1.5% during the third quarter. DekaBank Deutsche Girozentrale now owns 39,848 shares of the real estate investment trust's stock valued at $4,335,000 after buying an additional 592 shares during the last quarter. Institutional investors and hedge funds own 94.48% of the company's stock.

Ryman Hospitality Properties Stock Performance

Shares of NYSE:RHP traded up $0.48 during midday trading on Friday, reaching $107.53. The company had a trading volume of 525,061 shares, compared to its average volume of 416,350. The stock has a market cap of $6.44 billion, a P/E ratio of 20.17, a P/E/G ratio of 2.04 and a beta of 1.65. The company's 50 day moving average price is $106.66 and its 200 day moving average price is $103.76. 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 52-week low of $87.25 and a 52-week high of $122.91.

Ryman Hospitality Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $1.10 dividend. The ex-dividend date was Monday, September 30th. This represents a $4.40 annualized dividend and a dividend yield of 4.09%. Ryman Hospitality Properties's payout ratio is 82.55%.

Insider Activity at Ryman Hospitality Properties

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

Analyst Ratings Changes

A number of research firms recently commented on RHP. JPMorgan Chase & Co. increased their price target on Ryman Hospitality Properties from $104.00 to $105.00 and gave the company a "neutral" rating in a research report on Friday, August 2nd. Wells Fargo & Company dropped their price target on shares of Ryman Hospitality Properties from $127.00 to $115.00 and set an "overweight" rating on the stock in a research report on Friday, September 13th. Finally, StockNews.com raised shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research report on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $124.20.

About Ryman Hospitality Properties

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.