Penn Capital Management Company LLC Lowers Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Penn Capital Management Company LLC decreased its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 5.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 121,747 shares of the real estate investment trust's stock after selling 6,924 shares during the quarter. Penn Capital Management Company LLC owned 0.20% of Ryman Hospitality Properties worth $12,703,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC acquired a new position in shares of Ryman Hospitality Properties during the 4th quarter worth about $31,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Ryman Hospitality Properties during the 4th quarter worth about $72,000. Venturi Wealth Management LLC bought a new stake in shares of Ryman Hospitality Properties during the 4th quarter worth about $83,000. Covestor Ltd grew its stake in Ryman Hospitality Properties by 33.3% in the 4th quarter. Covestor Ltd now owns 829 shares of the real estate investment trust's stock valued at $87,000 after buying an additional 207 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in Ryman Hospitality Properties by 23.4% in the 4th quarter. Blue Trust Inc. now owns 845 shares of the real estate investment trust's stock valued at $91,000 after buying an additional 160 shares during the last quarter. Institutional investors own 94.48% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on RHP shares. Wells Fargo & Company reduced their price target on Ryman Hospitality Properties from $130.00 to $122.00 and set an "overweight" rating for the company in a research note on Tuesday, February 18th. Jefferies Financial Group dropped their price target on shares of Ryman Hospitality Properties from $118.00 to $100.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Truist Financial lowered their price objective on Ryman Hospitality Properties from $133.00 to $127.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. Evercore ISI reduced their target price on Ryman Hospitality Properties from $130.00 to $120.00 and set an "outperform" rating on the stock in a report on Monday. Finally, StockNews.com raised Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research note on Saturday, March 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $119.71.

Insiders Place Their Bets

In other news, Chairman Colin V. Reed bought 8,231 shares of Ryman Hospitality Properties stock in a transaction dated 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 purchase, the chairman now directly owns 832,260 shares in the company, valued at approximately $81,178,640.40. This represents a 1.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alvin L. Bowles, Jr. sold 473 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $97.03, for a total value of $45,895.19. Following the completion of the sale, the director now directly owns 2,675 shares of the company's stock, valued at $259,555.25. This trade represents a 15.03 % decrease in their position. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by corporate insiders.

Ryman Hospitality Properties Trading Up 1.5 %

Shares of Ryman Hospitality Properties stock traded up $1.27 during trading on Monday, hitting $87.58. The company's stock had a trading volume of 683,220 shares, compared to its average volume of 613,783. The stock has a market cap of $5.25 billion, a price-to-earnings ratio of 19.95, a price-to-earnings-growth ratio of 2.71 and a beta of 1.38. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.73. Ryman Hospitality Properties, Inc. has a 52 week low of $76.27 and a 52 week high of $121.77. The stock has a 50-day moving average price of $91.99 and a two-hundred day moving average price of $102.77.

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 earnings per share for the quarter, beating analysts' consensus estimates of $1.21 by $0.94. The business had revenue of $647.63 million during the quarter, compared to the consensus estimate of $656.01 million. Ryman Hospitality Properties had a net margin of 11.61% and a return on equity of 49.23%. Equities research analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a dividend of $1.15 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $4.60 annualized dividend and a yield of 5.25%. Ryman Hospitality Properties's dividend payout ratio is currently 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.