Renaissance Group LLC Sells 277 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Renaissance Group LLC reduced its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 10.6% during the 4th quarter, HoldingsChannel reports. The firm owned 2,339 shares of the real estate investment trust’s stock after selling 277 shares during the quarter. Renaissance Group LLC’s holdings in Ryman Hospitality Properties were worth $248,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Arizona State Retirement System grew its position in Ryman Hospitality Properties by 0.8% during the 4th quarter. Arizona State Retirement System now owns 16,515 shares of the real estate investment trust’s stock worth $1,723,000 after acquiring an additional 132 shares during the last quarter. Tidal Investments LLC grew its position in Ryman Hospitality Properties by 2.1% during the 3rd quarter. Tidal Investments LLC now owns 7,264 shares of the real estate investment trust’s stock worth $779,000 after acquiring an additional 152 shares during the last quarter. Summit Global Investments grew its position in Ryman Hospitality Properties by 2.1% during the 4th quarter. Summit Global Investments now owns 7,597 shares of the real estate investment trust’s stock worth $793,000 after acquiring an additional 153 shares during the last quarter. Blue Trust Inc. grew its position in Ryman Hospitality Properties by 23.4% during the 4th quarter. Blue Trust Inc. now owns 845 shares of the real estate investment trust’s stock worth $91,000 after acquiring an additional 160 shares during the last quarter. Finally, Captrust Financial Advisors grew its position in Ryman Hospitality Properties by 4.2% during the 3rd quarter. Captrust Financial Advisors now owns 5,283 shares of the real estate investment trust’s stock worth $567,000 after acquiring an additional 213 shares during the last quarter. 94.48% of the stock is currently owned by institutional investors.

Ryman Hospitality Properties Price Performance

RHP stock opened at $87.23 on Thursday. The stock has a 50-day moving average price of $96.30 and a two-hundred day moving average price of $104.86. The stock has a market cap of $5.23 billion, a PE ratio of 19.87, a price-to-earnings-growth ratio of 2.71 and a beta of 1.38. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 6.07. Ryman Hospitality Properties, Inc. has a 1 year low of $76.27 and a 1 year high of $121.77.

Ryman Hospitality Properties (NYSE:RHP) last issued its earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $656.01 million. Equities analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $1.15 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $4.60 annualized dividend and a yield of 5.27%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is currently 104.78%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on RHP shares. StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Saturday, March 1st. Wells Fargo & Company cut their price target 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. JPMorgan Chase & Co. restated an “underweight” rating and issued a $100.00 price objective on shares of Ryman Hospitality Properties in a research report on Friday, December 13th. Jefferies Financial Group lowered their price objective on shares of Ryman Hospitality Properties from $118.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, Truist Financial lowered their price objective on shares of Ryman Hospitality Properties from $133.00 to $127.00 and set a “buy” rating for the company in a research report on Friday, March 21st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $119.67.

Insider Activity at Ryman Hospitality Properties

In other news, Chairman Colin V. Reed bought 8,231 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was acquired at an average cost of $97.54 per share, for a total transaction of $802,851.74. Following the purchase, the chairman now owns 832,260 shares of the company’s stock, valued at approximately $81,178,640.40. This trade represents a 1.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Alvin L. Bowles, Jr. sold 473 shares of the firm’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 of the company’s stock, valued at $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 currently owned by company insiders.

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.