Citigroup Inc. Acquires 22,871 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Citigroup Inc. increased its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 72.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 54,239 shares of the real estate investment trust's stock after buying an additional 22,871 shares during the period. Citigroup Inc. owned 0.09% of Ryman Hospitality Properties worth $5,817,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of RHP. GAMMA Investing LLC boosted its holdings in Ryman Hospitality Properties by 34.6% during 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 period. Avior Wealth Management LLC boosted its stake in 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 valued at $47,000 after purchasing an additional 137 shares during the period. DekaBank Deutsche Girozentrale grew its holdings in Ryman Hospitality Properties by 0.4% in 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 buying an additional 138 shares during the last quarter. Xponance Inc. grew its holdings in 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 buying an additional 162 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its position 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 buying an additional 218 shares during the period. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Ryman Hospitality Properties news, Director Alvin L. Bowles, Jr. sold 900 shares of the firm's 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 directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Fazal F. Merchant sold 1,269 shares of the company's stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $113.98, for a total transaction of $144,640.62. Following 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 disclosure for this sale can be found here. Insiders own 3.00% of the company's stock.

Analyst Upgrades and Downgrades

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

Ryman Hospitality Properties Trading Up 0.3 %

Shares of RHP stock traded up $0.35 on Monday, reaching $117.59. The company had a trading volume of 441,508 shares, compared to its average volume of 452,138. Ryman Hospitality Properties, Inc. has a 12 month low of $93.76 and a 12 month high of $122.91. The stock has a market cap of $7.04 billion, a PE ratio of 20.89, a PEG ratio of 2.96 and a beta of 1.65. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 6.07. The company has a 50-day moving average of $111.23 and a 200-day moving average of $104.90.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last posted its earnings results on Monday, November 4th. The real estate investment trust reported $0.94 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.83 by ($0.89). The business had revenue of $549.90 million for the quarter, compared to the consensus estimate of $545.93 million. Ryman Hospitality Properties had a return on equity of 61.94% and a net margin of 14.84%. Ryman Hospitality Properties'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 company posted $1.73 earnings per share. On average, equities analysts forecast 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 $1.15 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.91%. This is an increase from Ryman Hospitality Properties's previous quarterly dividend of $1.10. Ryman Hospitality Properties's payout ratio is currently 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.