Ryman Hospitality Properties, Inc. (NYSE:RHP) Position Lessened by Renaissance Group LLC

Renaissance Group LLC decreased its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 10.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,339 shares of the real estate investment trust’s stock after selling 277 shares during the period. Renaissance Group LLC’s holdings in Ryman Hospitality Properties were worth $248,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Arizona State Retirement System raised its stake 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 valued at $1,723,000 after acquiring an additional 132 shares in the last quarter. Tidal Investments LLC raised its stake 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 valued at $779,000 after acquiring an additional 152 shares in the last quarter. Summit Global Investments raised its stake 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 valued at $793,000 after acquiring an additional 153 shares in the last quarter. Blue Trust Inc. raised its stake 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 valued at $91,000 after acquiring an additional 160 shares in the last quarter. Finally, Captrust Financial Advisors raised its stake in shares of Ryman Hospitality Properties by 4.2% in the 3rd quarter. Captrust Financial Advisors now owns 5,283 shares of the real estate investment trust’s stock worth $567,000 after buying an additional 213 shares in the last quarter. Institutional investors own 94.48% of the company’s stock.

Insider Activity at Ryman Hospitality Properties

In related news, Director Alvin L. Bowles, Jr. sold 473 shares of Ryman Hospitality Properties stock in a transaction on Wednesday, February 26th. The stock was 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Colin V. Reed acquired 8,231 shares of Ryman Hospitality Properties stock in a transaction that occurred on Wednesday, February 26th. The shares were purchased at an average cost of $97.54 per share, with a total value of $802,851.74. Following the transaction, the chairman now owns 832,260 shares of the company’s stock, valued at approximately $81,178,640.40. The trade was a 1.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 3.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on RHP shares. Truist Financial dropped their price objective on Ryman Hospitality Properties from $133.00 to $127.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. Wells Fargo & Company dropped 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. reissued an “underweight” rating and issued a $100.00 price objective on shares of Ryman Hospitality Properties in a research note on Friday, December 13th. Jefferies Financial Group dropped their price objective on Ryman Hospitality Properties from $118.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Saturday, March 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $119.67.

Ryman Hospitality Properties Stock Performance

Shares of NYSE RHP opened at $87.23 on Thursday. 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 capitalization of $5.23 billion, a price-to-earnings ratio of 19.87, a PEG ratio of 2.71 and a beta of 1.38. The stock’s fifty day simple moving average is $96.30 and its 200 day simple moving average is $104.86. Ryman Hospitality Properties, Inc. has a 52-week low of $76.27 and a 52-week high of $121.77.

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

Ryman Hospitality Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given 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 yield of 5.27%. Ryman Hospitality Properties’s payout ratio is 104.78%.

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.