Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Sold by Algert Global LLC

Algert Global LLC trimmed its position in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 18.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 67,786 shares of the real estate investment trust's stock after selling 15,581 shares during the quarter. Algert Global LLC owned about 0.11% of Ryman Hospitality Properties worth $7,269,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Fifth Third Bancorp raised 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 buying an additional 219 shares during the last quarter. SYSTM Wealth Solutions LLC acquired a new position in shares of Ryman Hospitality Properties in the 2nd quarter valued at $32,000. Quest Partners LLC lifted its position in shares of Ryman Hospitality Properties by 8,450.0% during the 2nd quarter. Quest Partners LLC now owns 342 shares of the real estate investment trust's stock valued at $34,000 after buying an additional 338 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Ryman Hospitality Properties by 34.6% during the 3rd quarter. GAMMA Investing LLC now owns 401 shares of the real estate investment trust's stock worth $43,000 after purchasing an additional 103 shares during the last quarter. Finally, Avior Wealth Management LLC boosted its stake in shares of Ryman Hospitality Properties by 44.9% in the third 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 during the last quarter. Institutional investors and hedge funds own 94.48% of the company's stock.

Insider Buying and Selling

In other Ryman Hospitality Properties news, Director Fazal F. Merchant sold 1,269 shares of the firm's stock in a transaction dated 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 transaction, the director now directly owns 4,825 shares in the company, valued at approximately $549,953.50. This trade represents a 20.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Alvin L. Bowles, Jr. sold 900 shares of the company'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 value of $96,588.00. Following the completion of the sale, the director now directly owns 3,148 shares in the company, valued at approximately $337,843.36. The trade was 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 company insiders.

Wall Street Analyst Weigh In

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

Ryman Hospitality Properties Stock Up 1.7 %

RHP stock traded up $1.94 during midday trading on Friday, hitting $115.71. The company's stock had a trading volume of 247,231 shares, compared to its average volume of 499,724. The firm has a market capitalization of $6.93 billion, a P/E ratio of 20.55, a PEG ratio of 2.00 and a beta of 1.65. The firm has a 50-day simple moving average of $109.90 and a 200-day simple moving average of $104.42. Ryman Hospitality Properties, Inc. has a 52-week low of $93.76 and a 52-week high of $122.91. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 6.07.

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 (EPS) for the quarter, missing the consensus estimate of $1.83 by ($0.89). The firm had revenue of $549.90 million for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period last year, the firm posted $1.73 earnings per share. As a group, equities analysts forecast that Ryman Hospitality Properties, Inc. will post 8.44 EPS for the current year.

Ryman Hospitality Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $1.15 per share. 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 3.98%. Ryman Hospitality Properties's dividend payout ratio (DPR) is presently 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.