Quantbot Technologies LP Decreases Stock Holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Quantbot Technologies LP reduced its position in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 35.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,194 shares of the real estate investment trust's stock after selling 2,877 shares during the quarter. Quantbot Technologies LP's holdings in Ryman Hospitality Properties were worth $542,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in RHP. Principal Financial Group Inc. increased its holdings in Ryman Hospitality Properties by 41.9% in the 3rd quarter. Principal Financial Group Inc. now owns 3,153,360 shares of the real estate investment trust's stock worth $338,168,000 after acquiring an additional 931,283 shares during the last quarter. Citigroup Inc. increased its stake in shares of Ryman Hospitality Properties by 72.9% in the third quarter. Citigroup Inc. now owns 54,239 shares of the real estate investment trust's stock worth $5,817,000 after purchasing an additional 22,871 shares in the last quarter. Cerity Partners LLC lifted its stake in shares of Ryman Hospitality Properties by 6.1% during the 3rd quarter. Cerity Partners LLC now owns 7,919 shares of the real estate investment trust's stock valued at $849,000 after buying an additional 452 shares in the last quarter. FORA Capital LLC boosted its holdings in Ryman Hospitality Properties by 48.7% in the 3rd quarter. FORA Capital LLC now owns 10,823 shares of the real estate investment trust's stock worth $1,161,000 after buying an additional 3,547 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Ryman Hospitality Properties by 483.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 609,761 shares of the real estate investment trust's stock valued at $65,391,000 after buying an additional 505,207 shares in the last quarter. 94.48% of the stock is currently owned by institutional investors.

Remove Ads

Analysts Set New Price Targets

Several research firms have issued reports on RHP. JPMorgan Chase & Co. restated an "underweight" rating and set a $100.00 target price on shares of Ryman Hospitality Properties in a research report on Friday, December 13th. Wells Fargo & Company cut their target price 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. Truist Financial decreased their price target on Ryman Hospitality Properties from $133.00 to $127.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. BMO Capital Markets started coverage on shares of Ryman Hospitality Properties in a research report on Monday, December 9th. They issued an "outperform" rating and a $133.00 price objective for the company. Finally, StockNews.com raised shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a report on Saturday, March 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $124.67.

Insider Activity

In other Ryman Hospitality Properties news, Chairman Colin V. Reed bought 8,231 shares of Ryman Hospitality Properties stock in a transaction that occurred on Wednesday, February 26th. The shares were bought at an average price of $97.54 per share, with a total value of $802,851.74. Following the acquisition, the chairman now owns 832,260 shares in the company, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Alvin L. Bowles, Jr. sold 473 shares of Ryman Hospitality Properties stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $97.03, for a total transaction of $45,895.19. Following the completion of the transaction, the director now owns 2,675 shares in the company, valued at approximately $259,555.25. The trade was a 15.03 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company's stock.

Ryman Hospitality Properties Price Performance

RHP traded up $1.14 on Tuesday, reaching $92.58. The company had a trading volume of 924,048 shares, compared to its average volume of 561,364. Ryman Hospitality Properties, Inc. has a 52-week low of $89.01 and a 52-week high of $121.77. The company has a market cap of $5.55 billion, a price-to-earnings ratio of 21.09, a P/E/G ratio of 2.71 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 has a 50 day simple moving average of $99.55 and a 200 day simple moving average of $106.04.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.94. Ryman Hospitality Properties had a net margin of 11.61% and a return on equity of 49.23%. The firm had revenue of $647.63 million for the quarter, compared to analysts' expectations of $656.01 million. As a group, sell-side analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.

Ryman Hospitality Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.97%. The ex-dividend date is Monday, March 31st. Ryman Hospitality Properties's 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.