Sanctuary Advisors LLC Cuts Stake in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Sanctuary Advisors LLC lowered its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 56.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,800 shares of the real estate investment trust's stock after selling 3,633 shares during the quarter. Sanctuary Advisors LLC's holdings in Ryman Hospitality Properties were worth $296,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Principal Financial Group Inc. raised its position in Ryman Hospitality Properties by 3.2% during the fourth quarter. Principal Financial Group Inc. now owns 3,254,693 shares of the real estate investment trust's stock valued at $339,596,000 after acquiring an additional 101,333 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Ryman Hospitality Properties by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,458,389 shares of the real estate investment trust's stock valued at $156,427,000 after purchasing an additional 12,323 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Ryman Hospitality Properties by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 964,315 shares of the real estate investment trust's stock worth $103,413,000 after buying an additional 6,289 shares in the last quarter. Hamlin Capital Management LLC acquired a new stake in Ryman Hospitality Properties during the fourth quarter valued at $65,142,000. Finally, Duff & Phelps Investment Management Co. increased its holdings in Ryman Hospitality Properties by 10.6% in the third quarter. Duff & Phelps Investment Management Co. now owns 611,031 shares of the real estate investment trust's stock valued at $65,527,000 after buying an additional 58,685 shares in the last quarter. Institutional investors and hedge funds own 94.48% of the company's stock.

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Wall Street Analyst Weigh In

RHP has been the topic of several recent analyst reports. JPMorgan Chase & Co. reissued an "underweight" rating and set a $100.00 target price on shares of Ryman Hospitality Properties in a research note on Friday, December 13th. Wells Fargo & Company lowered their price target on Ryman Hospitality Properties from $130.00 to $122.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 18th. Truist Financial reiterated a "buy" rating and set a $133.00 target price (down previously from $136.00) on shares of Ryman Hospitality Properties in a research report on Tuesday, February 25th. StockNews.com upgraded Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research report on Saturday, March 1st. Finally, BMO Capital Markets started coverage on shares of Ryman Hospitality Properties in a report on Monday, December 9th. They set an "outperform" rating and a $133.00 price objective on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $125.67.

Insiders Place Their Bets

In related news, Chairman Colin V. Reed acquired 8,231 shares of Ryman Hospitality Properties stock in a transaction that occurred on Wednesday, February 26th. The shares were purchased at an average cost of $97.54 per share, for a total transaction of $802,851.74. Following the acquisition, the chairman now owns 832,260 shares in the company, valued at approximately $81,178,640.40. This represents a 1.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Alvin L. Bowles, Jr. sold 473 shares of the business's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $97.03, for a total transaction of $45,895.19. Following the completion of the sale, the director now owns 2,675 shares in the company, valued at approximately $259,555.25. This trade represents a 15.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.00% of the stock is owned by insiders.

Ryman Hospitality Properties Price Performance

RHP stock traded up $2.67 during midday trading on Friday, reaching $98.85. The stock had a trading volume of 574,561 shares, compared to its average volume of 458,303. The company's fifty day simple moving average is $102.33 and its 200 day simple moving average is $106.74. 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 market cap of $5.92 billion, a price-to-earnings ratio of 22.52, a price-to-earnings-growth ratio of 2.71 and a beta of 1.65. Ryman Hospitality Properties, Inc. has a 52-week low of $93.76 and a 52-week high of $121.77.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last released its earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share for the quarter, topping analysts' consensus estimates of $1.21 by $0.94. Ryman Hospitality Properties had a net margin of 11.61% and a return on equity of 49.23%. The business had revenue of $647.63 million for the quarter, compared to analyst estimates of $656.01 million. As a group, sell-side analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 4.65%. The ex-dividend date is Monday, March 31st. Ryman Hospitality Properties's dividend payout ratio (DPR) is presently 104.78%.

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.