Quantbot Technologies LP Sells 2,877 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Quantbot Technologies LP trimmed its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 35.6% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 5,194 shares of the real estate investment trust’s stock after selling 2,877 shares during the quarter. Quantbot Technologies LP’s holdings in Ryman Hospitality Properties were worth $542,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Arizona State Retirement System boosted its holdings in shares of 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 during the last quarter. Tidal Investments LLC boosted its holdings in Ryman Hospitality Properties by 2.1% in the third quarter. Tidal Investments LLC now owns 7,264 shares of the real estate investment trust’s stock worth $779,000 after purchasing an additional 152 shares during the last quarter. Summit Global Investments boosted its holdings in Ryman Hospitality Properties by 2.1% in the fourth quarter. Summit Global Investments now owns 7,597 shares of the real estate investment trust’s stock worth $793,000 after purchasing an additional 153 shares during 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 buying an additional 160 shares during the last quarter. Finally, Captrust Financial Advisors boosted 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 during the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Analysts Set New Price Targets

RHP has been the topic of a number of recent research reports. Truist Financial lowered their target price on Ryman Hospitality Properties from $133.00 to $127.00 and set a “buy” rating on the stock in a report on Friday, March 21st. StockNews.com upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Saturday, March 1st. Wells Fargo & Company dropped 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 report on Tuesday, February 18th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $100.00 target price on shares of Ryman Hospitality Properties in a report on Friday, December 13th. Finally, 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 target on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $124.67.

Insider Transactions at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Director Alvin L. Bowles, Jr. sold 473 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $97.03, for a total value of $45,895.19. Following the completion of the transaction, the director now directly owns 2,675 shares in the company, valued at $259,555.25. This represents a 15.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Colin V. Reed acquired 8,231 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were bought at an average cost of $97.54 per share, with a total value of $802,851.74. Following the completion of the acquisition, the chairman now owns 832,260 shares in the company, valued at approximately $81,178,640.40. This represents a 1.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 3.00% of the company’s stock.

Ryman Hospitality Properties Stock Down 0.8 %

RHP stock opened at $93.44 on Friday. The business’s 50-day moving average price is $100.24 and its 200-day moving average price is $106.14. The stock has a market cap of $5.60 billion, a P/E ratio of 21.28, a PEG ratio of 2.71 and a beta of 1.65. Ryman Hospitality Properties, Inc. has a twelve month low of $92.04 and a twelve month high of $121.77. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 6.07.

Ryman Hospitality Properties (NYSE:RHP) last posted its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share for the quarter, topping 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 business had revenue of $647.63 million during the quarter, compared to analyst estimates of $656.01 million. On average, equities research analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.

Ryman Hospitality Properties Dividend Announcement

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 given a $1.15 dividend. The ex-dividend date is Monday, March 31st. This represents a $4.60 annualized dividend and a dividend yield of 4.92%. Ryman Hospitality Properties’s payout ratio is 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.