Quantbot Technologies LP Sells 35,407 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Quantbot Technologies LP lowered its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 81.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,071 shares of the real estate investment trust's stock after selling 35,407 shares during the period. Quantbot Technologies LP's holdings in Ryman Hospitality Properties were worth $866,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. GAMMA Investing LLC lifted its stake in Ryman Hospitality Properties by 34.6% in the third quarter. GAMMA Investing LLC now owns 401 shares of the real estate investment trust's stock valued at $43,000 after acquiring an additional 103 shares during the last quarter. Avior Wealth Management LLC boosted its stake in shares of Ryman Hospitality Properties by 44.9% during the 3rd quarter. Avior Wealth Management LLC now owns 442 shares of the real estate investment trust's stock worth $47,000 after acquiring an additional 137 shares in the last quarter. DekaBank Deutsche Girozentrale increased its holdings in shares of Ryman Hospitality Properties by 0.4% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 39,256 shares of the real estate investment trust's stock valued at $3,829,000 after acquiring an additional 138 shares during the last quarter. Xponance Inc. raised its stake in shares of Ryman Hospitality Properties by 4.6% in the 2nd quarter. Xponance Inc. now owns 3,714 shares of the real estate investment trust's stock valued at $371,000 after acquiring an additional 162 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in Ryman Hospitality Properties by 79.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 491 shares of the real estate investment trust's stock worth $53,000 after purchasing an additional 218 shares during the last quarter. Institutional investors and hedge funds own 94.48% of the company's stock.

Insider Buying and Selling

In other news, Director Fazal F. Merchant sold 1,269 shares of Ryman Hospitality Properties 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 completion of the sale, the director now directly owns 4,825 shares of the company's stock, valued at approximately $549,953.50. This trade represents a 20.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alvin L. Bowles, Jr. sold 900 shares of the company's stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $107.32, for a total value of $96,588.00. Following the transaction, the director now directly owns 3,148 shares in the company, valued at $337,843.36. This trade represents a 22.23 % decrease in their position. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on RHP shares. Wells Fargo & Company cut their target price on shares of Ryman Hospitality Properties from $127.00 to $115.00 and set an "overweight" rating for the company in a research report on Friday, September 13th. Truist Financial increased their target price on Ryman Hospitality Properties from $130.00 to $136.00 and gave the company a "buy" rating in a research note on Monday, November 18th. StockNews.com raised Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a report on Friday, August 9th. Finally, Jefferies Financial Group initiated coverage on Ryman Hospitality Properties in a report on Wednesday, November 6th. They set a "buy" rating and a $130.00 price target for the company. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, Ryman Hospitality Properties has a consensus rating of "Moderate Buy" and an average target price of $126.17.

Ryman Hospitality Properties Price Performance

Shares of Ryman Hospitality Properties stock traded up $0.31 during trading on Monday, hitting $117.55. 423,765 shares of the company's stock traded hands, compared to its average volume of 452,061. The company has a market cap of $7.04 billion, a PE ratio of 20.88, a PEG ratio of 2.96 and a beta of 1.65. The firm's fifty day moving average price is $111.08 and its 200 day moving average price is $104.83. Ryman Hospitality Properties, Inc. has a twelve month low of $93.76 and a twelve month high of $122.91. 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 (NYSE:RHP - Get Free Report) last released its quarterly earnings data 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). The company had revenue of $549.90 million for the quarter, compared to analyst estimates of $545.93 million. Ryman Hospitality Properties had a net margin of 14.84% and a return on equity of 61.94%. The firm's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.73 earnings per share. Analysts forecast that Ryman Hospitality Properties, Inc. will post 8.44 earnings per share for the current year.

Ryman Hospitality Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $1.15 dividend. This is a positive change from Ryman Hospitality Properties's previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $4.60 annualized dividend and a dividend yield of 3.91%. Ryman Hospitality Properties's dividend payout ratio is presently 78.15%.

Ryman Hospitality Properties 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.