Vestcor Inc Sells 15,410 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Vestcor Inc cut its position in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 51.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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.

Other hedge funds have also recently made changes to their positions in the company. Quarry LP bought a new stake in shares of Ryman Hospitality Properties in the third quarter valued at $28,000. Heck Capital Advisors LLC bought a new stake in shares of Ryman Hospitality Properties in the fourth quarter valued at $31,000. Avior Wealth Management LLC raised its stake in shares of Ryman Hospitality Properties by 44.9% in the third quarter. Avior Wealth Management LLC now owns 442 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 137 shares during the period. Venturi Wealth Management LLC bought a new stake in shares of Ryman Hospitality Properties in the fourth quarter valued at $83,000. Finally, Blue Trust Inc. raised its stake in shares of Ryman Hospitality Properties by 23.4% in the fourth quarter. Blue Trust Inc. now owns 845 shares of the real estate investment trust’s stock valued at $91,000 after buying an additional 160 shares during the period. 94.48% of the stock is currently owned by institutional investors.

Insider Transactions at Ryman Hospitality Properties

In other news, Chairman Colin V. Reed acquired 8,231 shares of the business’s stock in a transaction dated Wednesday, February 26th. The stock was purchased at an average cost of $97.54 per share, for a total transaction of $802,851.74. Following the acquisition, the chairman now owns 832,260 shares of the company’s stock, valued at $81,178,640.40. This trade represents a 1.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Alvin L. Bowles, Jr. sold 473 shares of the business’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $97.03, for a total value of $45,895.19. Following the completion of the sale, the director now directly owns 2,675 shares of the company’s stock, valued at approximately $259,555.25. This trade represents a 15.03 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.00% of the company’s stock.

Ryman Hospitality Properties Price Performance

Ryman Hospitality Properties stock opened at $96.67 on Friday. Ryman Hospitality Properties, Inc. has a 52 week low of $93.17 and a 52 week high of $121.77. The business has a 50-day simple moving average of $101.60 and a 200 day simple moving average of $106.54. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 6.07. The stock has a market cap of $5.79 billion, a price-to-earnings ratio of 22.02, a PEG ratio of 2.71 and a beta of 1.65.

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

Ryman Hospitality Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.76%. The ex-dividend date is Monday, March 31st. Ryman Hospitality Properties’s payout ratio is currently 104.78%.

Analyst Ratings Changes

Several analysts have issued reports on RHP shares. Truist Financial restated a “buy” rating and issued a $133.00 target price (down from $136.00) on shares of Ryman Hospitality Properties in a research note on Tuesday, February 25th. 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. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $100.00 price objective on shares of Ryman Hospitality Properties in a research note on Friday, December 13th. StockNews.com upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Saturday, March 1st. Finally, BMO Capital Markets began coverage on Ryman Hospitality Properties in a research note on Monday, December 9th. They set an “outperform” rating and a $133.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Ryman Hospitality Properties currently has an average rating of “Moderate Buy” and an average price target of $125.67.

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.