Reinhart Partners LLC. Trims Stock Holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Reinhart Partners LLC. trimmed its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 28.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 275,888 shares of the real estate investment trust's stock after selling 107,138 shares during the period. Reinhart Partners LLC. owned 0.46% of Ryman Hospitality Properties worth $28,786,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of RHP. Quarry LP bought a new position in shares of Ryman Hospitality Properties during the 3rd quarter valued at approximately $28,000. SYSTM Wealth Solutions LLC bought a new position in shares of Ryman Hospitality Properties in the second quarter worth approximately $32,000. Quest Partners LLC raised 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 purchasing an additional 338 shares during the period. GAMMA Investing LLC lifted its stake 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 valued at $43,000 after buying an additional 103 shares in the last quarter. Finally, Avior Wealth Management LLC boosted its holdings in Ryman Hospitality Properties by 44.9% in the 3rd quarter. Avior Wealth Management LLC now owns 442 shares of the real estate investment trust's stock worth $47,000 after buying an additional 137 shares during the period. 94.48% of the stock is owned by institutional investors.

Ryman Hospitality Properties Trading Down 0.9 %

Ryman Hospitality Properties stock traded down $0.89 during trading hours on Monday, hitting $101.03. The company had a trading volume of 307,796 shares, compared to its average volume of 426,357. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.73 and a current ratio of 1.73. The firm has a market cap of $6.05 billion, a P/E ratio of 17.94, a P/E/G ratio of 2.86 and a beta of 1.67. The company has a 50-day moving average price of $110.96 and a two-hundred day moving average price of $106.36. Ryman Hospitality Properties, Inc. has a 1 year low of $93.76 and a 1 year high of $122.91.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last posted its quarterly 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). Ryman Hospitality Properties had a return on equity of 61.94% and a net margin of 14.84%. The firm had revenue of $549.90 million for the quarter, compared to the consensus estimate of $545.93 million. During the same period in the previous year, the company posted $1.73 EPS. Ryman Hospitality Properties's quarterly revenue was up 4.0% compared to the same quarter last year. On average, sell-side analysts anticipate 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 declared 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 boost from Ryman Hospitality Properties's previous quarterly dividend of $1.10. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date is Tuesday, December 31st. Ryman Hospitality Properties's dividend payout ratio (DPR) is currently 81.71%.

Analyst Upgrades and Downgrades

RHP has been the subject of several recent analyst reports. JPMorgan Chase & Co. restated an "underweight" rating and issued a $100.00 price target on shares of Ryman Hospitality Properties in a research note on Friday, December 13th. 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 objective on the stock. BMO Capital Markets initiated coverage on shares of Ryman Hospitality Properties in a report on Monday, December 9th. They issued an "outperform" rating and a $133.00 target price for the company. Wells Fargo & Company increased their price objective on shares of Ryman Hospitality Properties from $124.00 to $130.00 and gave the company an "overweight" rating in a research report on Monday, December 9th. Finally, Truist Financial boosted their target price on shares of Ryman Hospitality Properties from $130.00 to $136.00 and gave the stock a "buy" rating in a report on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $128.57.

Insider Transactions at Ryman Hospitality Properties

In related news, Director Fazal F. Merchant sold 1,269 shares of the company'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 sale, the director now owns 4,825 shares of the company's stock, valued at approximately $549,953.50. This represents a 20.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.00% of the company's stock.

Ryman Hospitality Properties Company 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.