Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP decreased its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 3.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,580,610 shares of the real estate investment trust's stock after selling 54,591 shares during the period. Wellington Management Group LLP owned 2.64% of Ryman Hospitality Properties worth $164,921,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Quarry LP bought a new stake in shares of Ryman Hospitality Properties during the 3rd quarter valued at about $28,000. Heck Capital Advisors LLC purchased a new stake in shares of Ryman Hospitality Properties in the 4th quarter worth approximately $31,000. Harvest Fund Management Co. Ltd bought a new position in Ryman Hospitality Properties in the 4th quarter worth about $72,000. Venturi Wealth Management LLC bought a new position in shares of Ryman Hospitality Properties in the fourth quarter worth approximately $83,000. Finally, Blue Trust Inc. lifted its position in Ryman Hospitality Properties by 23.4% in the 4th quarter. Blue Trust Inc. now owns 845 shares of the real estate investment trust's stock valued at $91,000 after acquiring an additional 160 shares in the last quarter. Hedge funds and other institutional investors own 94.48% of the company's stock.

Insider Activity

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

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Ryman Hospitality Properties Trading Down 1.3 %

Ryman Hospitality Properties stock traded down $1.15 during trading hours on Friday, hitting $84.84. The company had a trading volume of 1,872,522 shares, compared to its average volume of 574,647. The firm has a market cap of $5.08 billion, a P/E ratio of 19.33, a P/E/G ratio of 2.71 and a beta of 1.38. The company has a 50-day moving average price of $98.59 and a two-hundred day moving average price of $105.73. Ryman Hospitality Properties, Inc. has a 1 year low of $80.47 and a 1 year high of $121.77. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.73 and a current ratio of 1.73.

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

Ryman Hospitality Properties Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Monday, March 31st. This represents a $4.60 annualized dividend and a yield of 5.42%. Ryman Hospitality Properties's payout ratio is presently 104.78%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on RHP. BMO Capital Markets began coverage on shares of Ryman Hospitality Properties in a research report on Monday, December 9th. They set an "outperform" rating and a $133.00 price objective on the stock. Wells Fargo & Company decreased their price objective on Ryman Hospitality Properties from $130.00 to $122.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 18th. Truist Financial reduced their target price on shares of Ryman Hospitality Properties from $133.00 to $127.00 and set a "buy" rating for the company in a report on Friday, March 21st. JPMorgan Chase & Co. reissued an "underweight" rating and issued a $100.00 price target on shares of Ryman Hospitality Properties in a report on Friday, December 13th. Finally, StockNews.com raised shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research note on Saturday, March 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, Ryman Hospitality Properties presently has a consensus rating of "Moderate Buy" and a consensus price target of $124.67.

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.