ClearAlpha Technologies LP Buys Shares of 3,813 Ryman Hospitality Properties, Inc. (NYSE:RHP)

ClearAlpha Technologies LP acquired a new stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 3,813 shares of the real estate investment trust’s stock, valued at approximately $398,000.

Other large investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. raised its stake in Ryman Hospitality Properties by 41.9% in the 3rd quarter. Principal Financial Group Inc. now owns 3,153,360 shares of the real estate investment trust’s stock valued at $338,168,000 after acquiring an additional 931,283 shares during the period. Barclays PLC raised its position in shares of Ryman Hospitality Properties by 238.2% in the third quarter. Barclays PLC now owns 108,345 shares of the real estate investment trust’s stock valued at $11,619,000 after purchasing an additional 76,311 shares during the period. Sanctuary Advisors LLC lifted its stake in shares of Ryman Hospitality Properties by 121.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 6,433 shares of the real estate investment trust’s stock worth $744,000 after buying an additional 3,523 shares during the last quarter. Tidal Investments LLC boosted its holdings in shares of 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 buying an additional 152 shares during the period. Finally, Nordea Investment Management AB increased its position in Ryman Hospitality Properties by 4.3% during the 4th quarter. Nordea Investment Management AB now owns 111,201 shares of the real estate investment trust’s stock worth $11,689,000 after buying an additional 4,592 shares during the period. Institutional investors and hedge funds own 94.48% of the company’s stock.

Ryman Hospitality Properties Stock Up 2.1 %

Shares of NYSE RHP opened at $85.69 on Monday. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.73 and a current ratio of 1.73. The company’s 50 day moving average price is $93.66 and its 200-day moving average price is $103.65. Ryman Hospitality Properties, Inc. has a 52-week low of $76.27 and a 52-week high of $121.77. The company has a market capitalization of $5.14 billion, a P/E ratio of 19.52, a price-to-earnings-growth ratio of 2.71 and a beta of 1.38.

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 for the quarter, topping analysts’ consensus estimates of $1.21 by $0.94. The business had revenue of $647.63 million during the quarter, compared to the consensus estimate of $656.01 million. Ryman Hospitality Properties had a return on equity of 49.23% and a net margin of 11.61%. Equities analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current year.

Ryman Hospitality Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a dividend of $1.15 per share. The ex-dividend date was Monday, March 31st. This represents a $4.60 dividend on an annualized basis and a yield of 5.37%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 104.78%.

Analyst Ratings Changes

Several analysts have weighed in on the stock. 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 target price on shares of Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating for the company in a research report on Tuesday, February 18th. Jefferies Financial Group decreased their price objective on shares of Ryman Hospitality Properties from $118.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, April 9th. Finally, Truist Financial dropped their target price on shares of Ryman Hospitality Properties from $133.00 to $127.00 and set a “buy” rating for the company in a report on Friday, March 21st. One research 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 data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $119.67.

Insiders Place Their Bets

In other Ryman Hospitality Properties news, Director Alvin L. Bowles, Jr. sold 473 shares of Ryman Hospitality Properties stock in a transaction dated 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 transaction, the director now owns 2,675 shares in the company, valued at approximately $259,555.25. The trade was a 15.03 % decrease in their position. 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 the stock in a transaction dated Wednesday, February 26th. The stock was bought at an average cost of $97.54 per share, with a total value of $802,851.74. Following the completion of the purchase, 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 ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 5.00% of the company’s stock.

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.