Phocas Financial Corp. Sells 77,293 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Phocas Financial Corp. lowered its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 85.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,235 shares of the real estate investment trust's stock after selling 77,293 shares during the quarter. Ryman Hospitality Properties accounts for approximately 1.0% of Phocas Financial Corp.'s investment portfolio, making the stock its 24th biggest holding. Phocas Financial Corp.'s holdings in Ryman Hospitality Properties were worth $1,381,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the company. Bank of New York Mellon Corp increased its stake in shares of Ryman Hospitality Properties by 24.0% during the 4th quarter. Bank of New York Mellon Corp now owns 559,143 shares of the real estate investment trust's stock worth $58,341,000 after purchasing an additional 108,263 shares during the last quarter. Greystone Financial Group LLC increased its stake in shares of Ryman Hospitality Properties by 3.4% during the 4th quarter. Greystone Financial Group LLC now owns 6,607 shares of the real estate investment trust's stock worth $689,000 after purchasing an additional 220 shares during the last quarter. Paradigm Asset Management Co. LLC purchased a new stake in shares of Ryman Hospitality Properties during the 4th quarter worth approximately $741,000. New York State Common Retirement Fund increased its stake in shares of Ryman Hospitality Properties by 5.5% during the 4th quarter. New York State Common Retirement Fund now owns 112,757 shares of the real estate investment trust's stock worth $11,765,000 after purchasing an additional 5,923 shares during the last quarter. Finally, Venturi Wealth Management LLC purchased a new stake in shares of Ryman Hospitality Properties during the 4th quarter worth approximately $83,000. Institutional investors own 94.48% of the company's stock.

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Insider Activity

In other news, Chairman Colin V. Reed purchased 8,231 shares of Ryman Hospitality Properties stock in a transaction dated Wednesday, February 26th. The stock was purchased at an average cost of $97.54 per share, for a total transaction of $802,851.74. Following the transaction, the chairman now directly owns 832,260 shares of the company's stock, valued at approximately $81,178,640.40. This trade represents a 1.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Alvin L. Bowles, Jr. sold 473 shares of the business's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $97.03, for a total transaction of $45,895.19. Following the transaction, the director now owns 2,675 shares of the company's stock, valued at $259,555.25. This trade represents a 15.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.00% of the company's stock.

Ryman Hospitality Properties Stock Performance

Ryman Hospitality Properties stock traded up $2.03 during mid-day trading on Friday, reaching $98.89. The company's stock had a trading volume of 711,617 shares, compared to its average volume of 455,647. Ryman Hospitality Properties, Inc. has a 12-month low of $93.76 and a 12-month high of $121.77. The company has a market capitalization of $5.92 billion, a P/E ratio of 22.53, a PEG ratio of 2.71 and a beta of 1.67. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.73 and a current ratio of 1.73. The firm's fifty day moving average price is $103.27 and its two-hundred day moving average price is $106.87.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last released its quarterly earnings data 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 analyst estimates of $656.01 million. Ryman Hospitality Properties had a net margin of 11.61% and a return on equity of 49.23%. Sell-side analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $1.15 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.65%. Ryman Hospitality Properties's dividend payout ratio (DPR) is currently 104.78%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Jefferies Financial Group assumed coverage on shares of Ryman Hospitality Properties in a research note on Wednesday, November 6th. They set a "buy" rating and a $130.00 price target for the company. JPMorgan Chase & Co. restated an "underweight" rating and set a $100.00 price target on shares of Ryman Hospitality Properties in a research note on Friday, December 13th. BMO Capital Markets assumed coverage on shares of Ryman Hospitality Properties in a research note on Monday, December 9th. They set an "outperform" rating and a $133.00 price target for the company. Truist Financial restated a "buy" rating and set a $133.00 price target (down previously from $136.00) on shares of Ryman Hospitality Properties in a research note on Tuesday. Finally, StockNews.com upgraded shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research note on Saturday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $125.67.

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.