Greenland Capital Management LP Sells 13,000 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Greenland Capital Management LP reduced its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 81.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,000 shares of the real estate investment trust’s stock after selling 13,000 shares during the period. Greenland Capital Management LP’s holdings in Ryman Hospitality Properties were worth $313,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Quarry LP purchased a new stake in Ryman Hospitality Properties in the third quarter worth $28,000. Heck Capital Advisors LLC bought a new stake in Ryman Hospitality Properties in the 4th quarter valued at about $31,000. Harvest Fund Management Co. Ltd purchased a new stake in Ryman Hospitality Properties during the fourth quarter valued at about $72,000. Venturi Wealth Management LLC bought a new position in Ryman Hospitality Properties during the fourth quarter worth about $83,000. Finally, Blue Trust Inc. increased its stake 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 purchasing an additional 160 shares in the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Insiders Place Their Bets

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

Ryman Hospitality Properties Stock Down 3.1 %

Shares of NYSE RHP opened at $78.68 on Wednesday. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 6.07. The business has a 50-day moving average of $97.03 and a 200-day moving average of $105.14. The firm has a market capitalization of $4.71 billion, a price-to-earnings ratio of 17.92, a PEG ratio of 2.71 and a beta of 1.38. Ryman Hospitality Properties, Inc. has a 12 month low of $77.73 and a 12 month 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 EPS 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 firm had revenue of $647.63 million for the quarter, compared to analyst estimates of $656.01 million. Sell-side analysts expect 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 announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 5.85%. The ex-dividend date of this dividend is Monday, March 31st. Ryman Hospitality Properties’s dividend payout ratio is currently 104.78%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Truist Financial cut their price objective 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. Wells Fargo & Company decreased 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. 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, StockNews.com raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Saturday, March 1st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $124.67.

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 seven largest non-gaming convention center hotels in the United States based on total indoor meeting space.