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 11.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,635,201 shares of the real estate investment trust's stock after selling 214,205 shares during the quarter. Wellington Management Group LLP owned about 2.73% of Ryman Hospitality Properties worth $175,359,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Quantinno Capital Management LP bought a new position in Ryman Hospitality Properties during the third quarter valued at $488,000. Quarry LP bought a new stake in shares of Ryman Hospitality Properties in the 3rd quarter valued at about $28,000. Janus Henderson Group PLC boosted its holdings in shares of Ryman Hospitality Properties by 30.5% in the 3rd quarter. Janus Henderson Group PLC now owns 48,061 shares of the real estate investment trust's stock valued at $5,150,000 after buying an additional 11,228 shares in the last quarter. Holocene Advisors LP bought a new stake in shares of Ryman Hospitality Properties in the 3rd quarter valued at about $4,360,000. Finally, Cinctive Capital Management LP acquired a new stake in Ryman Hospitality Properties in the 3rd quarter worth approximately $3,583,000. Hedge funds and other institutional investors own 94.48% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Jefferies Financial Group initiated coverage on shares of Ryman Hospitality Properties in a research note on Wednesday, November 6th. They set a "buy" rating and a $130.00 price objective for the company. BMO Capital Markets started coverage on shares of Ryman Hospitality Properties in a research report on Monday. They set an "outperform" rating and a $133.00 price target on the stock. Wells Fargo & Company upped their target price 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. Finally, Truist Financial boosted their price target on shares of Ryman Hospitality Properties from $130.00 to $136.00 and gave the stock a "buy" rating in a research note on Monday, November 18th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $129.29.

Ryman Hospitality Properties Stock Down 0.2 %

Shares of RHP stock traded down $0.27 during trading hours on Monday, reaching $117.98. 627,797 shares of the stock were exchanged, compared to its average volume of 453,049. The business's fifty day moving average is $111.88 and its two-hundred day moving average is $105.28. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.73. Ryman Hospitality Properties, Inc. has a 12-month low of $93.76 and a 12-month high of $122.91. The firm has a market capitalization of $7.07 billion, a P/E ratio of 21.12, a P/E/G ratio of 2.98 and a beta of 1.65.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last released its earnings results on Monday, November 4th. The real estate investment trust reported $0.94 earnings per share 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 analysts' expectations of $545.93 million. During the same quarter in the previous year, the company posted $1.73 earnings per share. The firm's quarterly revenue was up 4.0% on a year-over-year basis. As a group, research analysts expect that Ryman Hospitality Properties, Inc. will post 8.44 EPS for the current fiscal year.

Ryman Hospitality Properties Increases Dividend

The company also recently disclosed 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 an increase from Ryman Hospitality Properties's previous quarterly dividend of $1.10. This represents a $4.60 annualized dividend and a dividend yield of 3.90%. The ex-dividend date of this dividend is Tuesday, December 31st. Ryman Hospitality Properties's dividend payout ratio is presently 78.15%.

Insider Activity

In other news, Director Fazal F. Merchant sold 1,269 shares of the firm's stock in a transaction 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 completion of 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Alvin L. Bowles, Jr. sold 900 shares of the firm's stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $107.32, for a total value of $96,588.00. Following the completion of the transaction, the director now owns 3,148 shares of the company's stock, valued at approximately $337,843.36. This represents a 22.23 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company's stock.

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.