Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Sold by Vestcor Inc

Vestcor Inc trimmed its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 51.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,579 shares of the real estate investment trust's stock after selling 15,410 shares during the quarter. Vestcor Inc's holdings in Ryman Hospitality Properties were worth $1,521,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Principal Financial Group Inc. raised its position in shares of Ryman Hospitality Properties by 3.2% during the 4th 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 buying an additional 101,333 shares in the last quarter. Geode Capital Management LLC raised its position 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 buying an additional 12,323 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Ryman Hospitality Properties by 1.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 979,176 shares of the real estate investment trust's stock valued at $102,167,000 after buying an additional 14,861 shares in the last quarter. Cooke & Bieler LP purchased a new stake in shares of Ryman Hospitality Properties during the 4th quarter valued at about $74,811,000. Finally, Hamlin Capital Management LLC purchased a new stake in shares of Ryman Hospitality Properties during the 4th quarter valued at about $65,142,000. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

A number of research firms recently weighed in on RHP. JPMorgan Chase & Co. reissued an "underweight" rating and issued a $100.00 price objective on shares of Ryman Hospitality Properties in a research report on Friday, December 13th. Wells Fargo & Company reduced their price objective on shares of 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. StockNews.com raised shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research report on Saturday, March 1st. BMO Capital Markets began coverage on shares of Ryman Hospitality Properties in a research report on Monday, December 9th. They issued an "outperform" rating and a $133.00 price objective on the stock. Finally, Truist Financial reissued a "buy" rating and issued a $133.00 price objective (down from $136.00) on shares of Ryman Hospitality Properties in a research report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $125.67.

Insider Activity

In other news, Chairman Colin V. Reed bought 8,231 shares of the stock in a transaction on Wednesday, February 26th. The stock was bought at an average cost of $97.54 per share, for a total transaction of $802,851.74. Following the completion of the purchase, the chairman now directly owns 832,260 shares in the company, valued at approximately $81,178,640.40. The trade was a 1.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alvin L. Bowles, Jr. sold 473 shares of the firm's stock in a transaction that occurred on 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 of the company's stock, 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. Insiders own 3.00% of the company's stock.

Ryman Hospitality Properties Trading Up 0.7 %

RHP stock traded up $0.62 during mid-day trading on Wednesday, reaching $95.78. The company had a trading volume of 1,555,709 shares, compared to its average volume of 486,006. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.73. The company has a market capitalization of $5.74 billion, a PE ratio of 21.82, a price-to-earnings-growth ratio of 2.71 and a beta of 1.65. The firm has a 50 day moving average of $101.28 and a 200 day moving average of $106.49. Ryman Hospitality Properties, Inc. has a 12 month low of $93.17 and a 12 month high of $121.77.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $647.63 million for the quarter, compared to the consensus estimate of $656.01 million. On average, equities analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 4.80%. Ryman Hospitality Properties's dividend payout ratio is presently 104.78%.

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.