Verition Fund Management LLC Makes New Investment in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Verition Fund Management LLC acquired a new position in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 7,973 shares of the real estate investment trust's stock, valued at approximately $855,000.

A number of other institutional investors have also recently bought and sold shares of the business. GAMMA Investing LLC lifted its position in Ryman Hospitality Properties by 34.6% during the third 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 period. Avior Wealth Management LLC lifted its holdings in shares of Ryman Hospitality Properties by 44.9% during the 3rd 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 period. DekaBank Deutsche Girozentrale boosted its position in shares of Ryman Hospitality Properties by 0.4% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 39,256 shares of the real estate investment trust's stock worth $3,829,000 after acquiring an additional 138 shares in the last quarter. Xponance Inc. increased its stake in Ryman Hospitality Properties by 4.6% in the second quarter. Xponance Inc. now owns 3,714 shares of the real estate investment trust's stock valued at $371,000 after acquiring an additional 162 shares during the last quarter. Finally, Captrust Financial Advisors raised its position in Ryman Hospitality Properties by 4.2% during the third quarter. Captrust Financial Advisors now owns 5,283 shares of the real estate investment trust's stock valued at $567,000 after purchasing an additional 213 shares in the last quarter. Institutional investors own 94.48% of the company's stock.

Insider Activity

In other news, Director Fazal F. Merchant sold 1,269 shares of the firm's stock in a transaction that occurred 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 transaction, the director now owns 4,825 shares in the company, valued at $549,953.50. This trade represents a 20.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alvin L. Bowles, Jr. sold 900 shares of the company's 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 sale, the director now owns 3,148 shares of the company's stock, valued at $337,843.36. This trade represents a 22.23 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.00% of the company's stock.

Wall Street Analyst Weigh In

RHP has been the topic of a number of research analyst reports. BMO Capital Markets assumed coverage on Ryman Hospitality Properties in a report on Monday. They issued an "outperform" rating and a $133.00 target price on the stock. Jefferies Financial Group started coverage on Ryman Hospitality Properties in a research report on Wednesday, November 6th. They issued a "buy" rating and a $130.00 target price on the stock. Truist Financial increased 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. Finally, Wells Fargo & Company lifted their price target on shares of Ryman Hospitality Properties from $124.00 to $130.00 and gave the company an "overweight" rating in a report on Monday. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Ryman Hospitality Properties presently has an average rating of "Moderate Buy" and an average price target of $129.29.

Ryman Hospitality Properties Trading Down 0.4 %

NYSE RHP traded down $0.42 on Tuesday, hitting $117.58. The company's stock had a trading volume of 465,563 shares, compared to its average volume of 453,102. 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, Inc. has a 1-year low of $93.76 and a 1-year high of $122.91. The firm has a market cap of $7.04 billion, a PE ratio of 20.88, a PEG ratio of 2.98 and a beta of 1.65. The company's 50-day moving average is $112.30 and its 200 day moving average is $105.48.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last released its quarterly earnings results 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). 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 quarter in the previous year, the business posted $1.73 EPS. The firm's revenue for the quarter was up 4.0% compared to the same quarter last year. As a group, analysts predict that Ryman Hospitality Properties, Inc. will post 8.44 earnings per share for the current fiscal year.

Ryman Hospitality Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $1.15 dividend. This is an increase from Ryman Hospitality Properties's previous quarterly dividend of $1.10. This represents a $4.60 annualized dividend and a yield of 3.91%. The ex-dividend date of this dividend is Tuesday, December 31st. Ryman Hospitality Properties's payout ratio is 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.