Quadrature Capital Ltd Has $276,000 Holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Quadrature Capital Ltd lessened its position in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 76.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,571 shares of the real estate investment trust's stock after selling 8,246 shares during the quarter. Quadrature Capital Ltd's holdings in Ryman Hospitality Properties were worth $276,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of RHP. Diversified Trust Co raised its holdings in Ryman Hospitality Properties by 9.7% in the 2nd quarter. Diversified Trust Co now owns 7,997 shares of the real estate investment trust's stock worth $799,000 after acquiring an additional 709 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in Ryman Hospitality Properties by 133.1% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 4,701 shares of the real estate investment trust's stock worth $469,000 after purchasing an additional 2,684 shares during the last quarter. PGGM Investments acquired a new stake in Ryman Hospitality Properties in the 2nd quarter worth $7,512,000. Envestnet Portfolio Solutions Inc. grew its position in Ryman Hospitality Properties by 18.3% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 2,274 shares of the real estate investment trust's stock worth $227,000 after purchasing an additional 352 shares during the last quarter. Finally, Welch Group LLC grew its position in Ryman Hospitality Properties by 90.9% in the 2nd quarter. Welch Group LLC now owns 5,250 shares of the real estate investment trust's stock worth $524,000 after purchasing an additional 2,500 shares during the last quarter. Institutional investors own 94.48% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on RHP shares. Truist Financial lifted their target price on shares of Ryman Hospitality Properties from $130.00 to $136.00 and gave the company a "buy" rating in a research report on Monday, November 18th. Wells Fargo & Company lifted their target price on shares of Ryman Hospitality Properties from $124.00 to $130.00 and gave the company an "overweight" rating in a research report on Monday. Jefferies Financial Group started coverage on shares of Ryman Hospitality Properties in a research report on Wednesday, November 6th. They set a "buy" rating and a $130.00 target price on the stock. Finally, BMO Capital Markets started coverage on shares of Ryman Hospitality Properties in a research report on Monday. They set an "outperform" rating and a $133.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, Ryman Hospitality Properties currently has an average rating of "Moderate Buy" and an average target price of $129.29.

Insiders Place Their Bets

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 sale, the director now directly owns 3,148 shares of the company's stock, valued at $337,843.36. The trade was a 22.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Fazal F. Merchant sold 1,269 shares of the company's stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $113.98, for a total transaction of $144,640.62. Following the completion of the sale, the director now directly owns 4,825 shares of the company's stock, valued at $549,953.50. The trade was a 20.82 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.00% of the company's stock.

Ryman Hospitality Properties Price Performance

Shares of NYSE RHP traded up $0.27 during trading on Wednesday, reaching $117.75. The company had a trading volume of 275,572 shares, compared to its average volume of 452,327. Ryman Hospitality Properties, Inc. has a 52 week low of $93.76 and a 52 week high of $122.91. The stock has a market cap of $7.05 billion, a PE ratio of 20.88, a PEG ratio of 2.98 and a beta of 1.65. 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 business's 50 day moving average price is $112.30 and its 200-day moving average price is $105.48.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last announced its earnings results on Monday, November 4th. The real estate investment trust reported $0.94 earnings per share for the quarter, missing analysts' consensus estimates of $1.83 by ($0.89). Ryman Hospitality Properties had a return on equity of 61.94% and a net margin of 14.84%. The company had revenue of $549.90 million during the quarter, compared to the consensus estimate of $545.93 million. During the same period in the prior year, the firm posted $1.73 earnings per share. The company's revenue was up 4.0% on a year-over-year basis. Analysts expect that Ryman Hospitality Properties, Inc. will post 8.44 earnings per share for the current year.

Ryman Hospitality Properties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $1.15 dividend. The ex-dividend date is Tuesday, December 31st. This is an increase from Ryman Hospitality Properties's previous quarterly dividend of $1.10. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.91%. Ryman Hospitality Properties's payout ratio is currently 78.15%.

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.