Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Sold by Perpetual Ltd

Perpetual Ltd reduced its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 38.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,281 shares of the real estate investment trust's stock after selling 3,360 shares during the period. Perpetual Ltd's holdings in Ryman Hospitality Properties were worth $551,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Hamlin Capital Management LLC acquired a new position in Ryman Hospitality Properties during the 4th quarter valued at about $65,142,000. Harbor Capital Advisors Inc. increased its holdings in shares of Ryman Hospitality Properties by 2.6% in the fourth quarter. Harbor Capital Advisors Inc. now owns 50,144 shares of the real estate investment trust's stock valued at $5,232,000 after purchasing an additional 1,251 shares during the period. Diversified Trust Co increased its holdings in shares of Ryman Hospitality Properties by 9.3% in the fourth quarter. Diversified Trust Co now owns 7,907 shares of the real estate investment trust's stock valued at $825,000 after purchasing an additional 676 shares during the period. Nordea Investment Management AB increased its holdings in shares of Ryman Hospitality Properties by 4.3% in the fourth quarter. Nordea Investment Management AB now owns 111,201 shares of the real estate investment trust's stock valued at $11,689,000 after purchasing an additional 4,592 shares during the period. Finally, Tidal Investments LLC increased its holdings in shares of Ryman Hospitality Properties by 2.1% in the third quarter. Tidal Investments LLC now owns 7,264 shares of the real estate investment trust's stock valued at $779,000 after purchasing an additional 152 shares during the period. 94.48% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Jefferies Financial Group assumed coverage on Ryman Hospitality Properties in a report on Wednesday, November 6th. They issued a "buy" rating and a $130.00 price objective on the stock. BMO Capital Markets assumed coverage on Ryman Hospitality Properties in a report on Monday, December 9th. They issued an "outperform" rating and a $133.00 price objective on the stock. Wells Fargo & Company increased their price objective on Ryman Hospitality Properties from $124.00 to $130.00 and gave the company an "overweight" rating in a report on Monday, December 9th. Truist Financial increased their price objective on Ryman Hospitality Properties from $130.00 to $136.00 and gave the company a "buy" rating in a report on Monday, November 18th. Finally, JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $100.00 target price on shares of Ryman Hospitality Properties in a report on Friday, December 13th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $128.57.

Ryman Hospitality Properties Price Performance

RHP stock traded up $1.59 during mid-day trading on Thursday, reaching $105.40. 155,303 shares of the company's stock were exchanged, compared to its average volume of 374,111. The company has a market cap of $6.31 billion, a price-to-earnings ratio of 18.72, a price-to-earnings-growth ratio of 2.52 and a beta of 1.67. The stock's 50 day moving average is $109.73 and its 200 day moving average is $106.57. 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 12-month low of $93.76 and a 12-month high of $122.91.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.94 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.83 by ($0.89). The business had revenue of $549.90 million for the quarter, compared to analysts' expectations of $545.93 million. Ryman Hospitality Properties had a return on equity of 61.94% and a net margin of 14.84%. The business's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.73 EPS. On average, research analysts expect that Ryman Hospitality Properties, Inc. will post 8.48 EPS for the current year.

Ryman Hospitality Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 4.36%. The ex-dividend date of this dividend was Tuesday, December 31st. This is an increase from Ryman Hospitality Properties's previous quarterly dividend of $1.10. Ryman Hospitality Properties's dividend payout ratio (DPR) is 81.71%.

Insider Activity at Ryman Hospitality Properties

In related news, Director Fazal F. Merchant sold 1,269 shares of the business's stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $113.98, for a total value of $144,640.62. Following the sale, the director now owns 4,825 shares in the company, valued at approximately $549,953.50. The trade was a 20.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.00% of the company's stock.

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.