Natixis Advisors LLC Sells 7,932 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Natixis Advisors LLC lowered its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 27.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,102 shares of the real estate investment trust's stock after selling 7,932 shares during the period. Natixis Advisors LLC's holdings in Ryman Hospitality Properties were worth $2,263,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Fifth Third Bancorp grew its position in Ryman Hospitality Properties by 347.6% during the 2nd quarter. Fifth Third Bancorp now owns 282 shares of the real estate investment trust's stock worth $28,000 after acquiring an additional 219 shares during the last quarter. SYSTM Wealth Solutions LLC acquired a new stake in shares of Ryman Hospitality Properties during the second quarter valued at about $32,000. Quest Partners LLC grew its holdings in shares of Ryman Hospitality Properties by 8,450.0% during the second quarter. Quest Partners LLC now owns 342 shares of the real estate investment trust's stock worth $34,000 after purchasing an additional 338 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of 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 buying an additional 103 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in shares of Ryman Hospitality Properties by 79.9% in the third quarter. Farther Finance Advisors LLC now owns 491 shares of the real estate investment trust's stock valued at $53,000 after buying an additional 218 shares during the period. Institutional investors own 94.48% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on RHP. Wells Fargo & Company reduced their target price on shares of Ryman Hospitality Properties from $127.00 to $115.00 and set an "overweight" rating on the stock in a report on Friday, September 13th. Truist Financial boosted their price objective on shares of Ryman Hospitality Properties from $130.00 to $136.00 and gave the stock a "buy" rating in a research note on Monday, November 18th. JPMorgan Chase & Co. raised their target price on Ryman Hospitality Properties from $104.00 to $105.00 and gave the stock a "neutral" rating in a research report on Friday, August 2nd. Jefferies Financial Group began coverage on Ryman Hospitality Properties in a research report on Wednesday, November 6th. They issued a "buy" rating and a $130.00 price target on the stock. Finally, StockNews.com upgraded Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research report on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $126.17.

Ryman Hospitality Properties Trading Up 1.4 %

Ryman Hospitality Properties stock traded up $1.64 during trading hours on Monday, reaching $117.35. 483,363 shares of the company's stock were exchanged, compared to its average volume of 453,859. The firm has a market capitalization of $7.03 billion, a PE ratio of 20.95, a PEG ratio of 2.03 and a beta of 1.65. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 6.07. The firm's 50 day simple moving average is $109.90 and its 200 day simple moving average is $104.42. Ryman Hospitality Properties, Inc. has a twelve month low of $93.76 and a twelve month high of $122.91.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last issued 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 business had revenue of $549.90 million during the quarter, compared to the consensus estimate of $545.93 million. During the same quarter in the previous year, the firm posted $1.73 earnings per share. The company's revenue for the quarter was up 4.0% compared to the same quarter last year. Research analysts predict 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. Investors of record on Tuesday, December 31st will be given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date of this dividend is Tuesday, December 31st. This is an increase from Ryman Hospitality Properties's previous quarterly dividend of $1.10. Ryman Hospitality Properties's payout ratio is presently 81.71%.

Insider Buying and Selling

In related news, Director Fazal F. Merchant sold 1,269 shares of Ryman Hospitality Properties stock in a transaction on Wednesday, November 13th. The shares were 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 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 document filed with the SEC, which can be accessed through the SEC website. Also, Director Alvin L. Bowles, Jr. sold 900 shares of Ryman Hospitality Properties stock in a transaction dated 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 owns 3,148 shares of the company's stock, 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 owned by insiders.

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.