Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA decreased its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 30.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 828,812 shares of the real estate investment trust's stock after selling 370,580 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 1.38% of Ryman Hospitality Properties worth $88,882,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. raised its holdings in Ryman Hospitality Properties by 378.7% during the second quarter. Harbor Capital Advisors Inc. now owns 21,329 shares of the real estate investment trust's stock worth $2,130,000 after purchasing an additional 16,873 shares in the last quarter. PGGM Investments acquired a new position in Ryman Hospitality Properties during the second quarter worth $7,512,000. Panagora Asset Management Inc. raised its position in Ryman Hospitality Properties by 11.2% in the second quarter. Panagora Asset Management Inc. now owns 222,745 shares of the real estate investment trust's stock worth $22,243,000 after acquiring an additional 22,428 shares in the last quarter. American Century Companies Inc. lifted its holdings in Ryman Hospitality Properties by 0.8% in the second quarter. American Century Companies Inc. now owns 1,586,256 shares of the real estate investment trust's stock valued at $158,404,000 after acquiring an additional 12,058 shares during the period. Finally, Magnetar Financial LLC purchased a new stake in shares of Ryman Hospitality Properties during the 2nd quarter worth $4,390,000. 94.48% of the stock is owned by hedge funds and other institutional investors.

Ryman Hospitality Properties Price Performance

Shares of NYSE RHP traded up $1.94 during trading on Friday, reaching $115.71. The company had a trading volume of 247,231 shares, compared to its average volume of 499,724. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 6.07. Ryman Hospitality Properties, Inc. has a twelve month low of $93.76 and a twelve month high of $122.91. The stock has a 50-day moving average price of $109.90 and a two-hundred day moving average price of $104.42. The stock has a market capitalization of $6.93 billion, a PE ratio of 20.55, a price-to-earnings-growth ratio of 2.00 and a beta of 1.65.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.94 EPS 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 analysts' expectations of $545.93 million. Ryman Hospitality Properties had a return on equity of 61.94% and a net margin of 14.84%. The company's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.73 EPS. As a group, sell-side analysts predict 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 disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a positive change from Ryman Hospitality Properties's previous quarterly dividend of $1.10. Ryman Hospitality Properties's payout ratio is currently 78.15%.

Analyst Upgrades and Downgrades

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

Insider Activity at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Director Fazal F. Merchant sold 1,269 shares of the business's 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 transaction, the director now directly owns 4,825 shares in the company, valued at approximately $549,953.50. The trade was a 20.82 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Alvin L. Bowles, Jr. sold 900 shares of the stock in a transaction on Thursday, September 19th. The stock was 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 approximately $337,843.36. This represents a 22.23 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.00% of the company's stock.

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.