Fmr LLC Trims Stock Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Fmr LLC cut its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 11.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,827,937 shares of the real estate investment trust’s stock after selling 240,489 shares during the quarter. Fmr LLC’s holdings in Ryman Hospitality Properties were worth $190,727,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of RHP. Heck Capital Advisors LLC acquired a new position in Ryman Hospitality Properties in the 4th quarter valued at $31,000. Harvest Fund Management Co. Ltd purchased a new position in Ryman Hospitality Properties during the 4th quarter valued at about $72,000. Venturi Wealth Management LLC acquired a new position in shares of Ryman Hospitality Properties during the 4th quarter worth approximately $83,000. Blue Trust Inc. raised its holdings 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 worth $91,000 after acquiring an additional 160 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new position in Ryman Hospitality Properties in the 4th quarter valued at about $204,000. 94.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Jefferies Financial Group reduced their price target on Ryman Hospitality Properties from $118.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday. Wells Fargo & Company decreased their price objective on shares of Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating for the company in a research note on Tuesday, February 18th. Truist Financial lowered their target price on Ryman Hospitality Properties from $133.00 to $127.00 and set a “buy” rating for the company in a research note on Friday, March 21st. Finally, StockNews.com raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Saturday, March 1st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $119.67.

Insider Buying and Selling at Ryman Hospitality Properties

In related news, Chairman Colin V. Reed bought 8,231 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The stock was purchased at an average price of $97.54 per share, for a total transaction of $802,851.74. Following the transaction, the chairman now directly owns 832,260 shares of the company’s stock, valued at approximately $81,178,640.40. This represents a 1.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alvin L. Bowles, Jr. sold 473 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $97.03, for a total transaction of $45,895.19. Following the transaction, the director now owns 2,675 shares in the company, valued at $259,555.25. This represents a 15.03 % decrease in their position. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by company insiders.

Ryman Hospitality Properties Stock Performance

Shares of RHP stock opened at $85.40 on Friday. The company’s 50-day simple moving average is $95.52 and its 200-day simple moving average is $104.48. Ryman Hospitality Properties, Inc. has a one year low of $76.27 and a one year high of $121.77. The stock has a market capitalization of $5.12 billion, a price-to-earnings ratio of 19.45, a PEG ratio of 2.71 and a beta of 1.38. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.73 and a current ratio of 1.73.

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. Ryman Hospitality Properties had a net margin of 11.61% and a return on equity of 49.23%. The company had revenue of $647.63 million for the quarter, compared to analysts’ expectations of $656.01 million. Equities analysts anticipate 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 declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 5.39%. The ex-dividend date is Monday, March 31st. Ryman Hospitality Properties’s dividend payout ratio (DPR) 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.