Acadian Asset Management LLC Sells 11,275 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Acadian Asset Management LLC lessened its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 89.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,339 shares of the real estate investment trust’s stock after selling 11,275 shares during the quarter. Acadian Asset Management LLC’s holdings in Ryman Hospitality Properties were worth $124,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Amica Retiree Medical Trust bought a new position in Ryman Hospitality Properties in the 2nd quarter valued at $179,000. Amica Mutual Insurance Co. bought a new position in Ryman Hospitality Properties in the 2nd quarter valued at $1,427,000. Envestnet Asset Management Inc. grew its stake in Ryman Hospitality Properties by 2.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 19,944 shares of the real estate investment trust’s stock valued at $1,853,000 after purchasing an additional 451 shares during the period. American International Group Inc. grew its stake in shares of Ryman Hospitality Properties by 7.1% during the 2nd quarter. American International Group Inc. now owns 27,829 shares of the real estate investment trust’s stock worth $2,586,000 after acquiring an additional 1,852 shares during the period. Finally, abrdn plc grew its stake in shares of Ryman Hospitality Properties by 17.9% during the 2nd quarter. abrdn plc now owns 11,941 shares of the real estate investment trust’s stock worth $1,110,000 after acquiring an additional 1,817 shares during the period. Institutional investors own 91.23% of the company’s stock.

Ryman Hospitality Properties Stock Performance

Shares of RHP opened at $97.44 on Tuesday. The stock’s 50-day simple moving average is $86.91 and its 200 day simple moving average is $89.72. The stock has a market capitalization of $5.82 billion, a price-to-earnings ratio of 25.38, a price-to-earnings-growth ratio of 2.15 and a beta of 1.54. The company has a debt-to-equity ratio of 7.12, a quick ratio of 1.83 and a current ratio of 1.83. Ryman Hospitality Properties, Inc. has a 52-week low of $77.18 and a 52-week high of $98.65.

Ryman Hospitality Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Friday, September 29th were issued a $1.00 dividend. The ex-dividend date was Thursday, September 28th. This represents a $4.00 annualized dividend and a dividend yield of 4.11%. Ryman Hospitality Properties’s payout ratio is currently 104.17%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Wedbush assumed coverage on Ryman Hospitality Properties in a research note on Tuesday, October 3rd. They set an “outperform” rating and a $94.00 price target for the company. Wolfe Research assumed coverage on Ryman Hospitality Properties in a research note on Wednesday, September 27th. They set an “outperform” rating and a $98.00 price target for the company. StockNews.com assumed coverage on Ryman Hospitality Properties in a research note on Thursday, October 5th. They set a “sell” rating for the company. JPMorgan Chase & Co. cut their price target on Ryman Hospitality Properties from $93.00 to $88.00 and set an “underweight” rating for the company in a research note on Monday, August 7th. Finally, Truist Financial increased their price target on Ryman Hospitality Properties from $119.00 to $123.00 and gave the stock a “buy” rating in a research note on Friday, September 15th. Two investment analysts have rated the stock with a sell rating and six have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $105.29.

Insider Buying and Selling at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Chairman Colin V. Reed sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $96.72, for a total value of $1,450,800.00. Following the sale, the chairman now owns 764,614 shares of the company’s stock, valued at approximately $73,953,466.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Ryman Hospitality Properties news, Chairman Colin V. Reed sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $96.72, for a total value of $1,450,800.00. Following the sale, the chairman now owns 764,614 shares of the company’s stock, valued at approximately $73,953,466.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Alvin L. Bowles, Jr. sold 1,384 shares of the firm’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $85.13, for a total value of $117,819.92. Following the completion of the sale, the director now directly owns 1,994 shares in the company, valued at approximately $169,749.22. The disclosure for this sale can be found here. Insiders own 3.30% of the company’s stock.

Ryman Hospitality Properties 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 ten largest non-gaming convention center hotels in the United States based on total indoor meeting space.