Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Sold by Swiss National Bank

Swiss National Bank trimmed its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 0.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 111,100 shares of the real estate investment trust’s stock after selling 500 shares during the quarter. Swiss National Bank owned approximately 0.19% of Ryman Hospitality Properties worth $11,914,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the business. Metis Global Partners LLC grew its stake in Ryman Hospitality Properties by 29.7% during the 3rd quarter. Metis Global Partners LLC now owns 6,167 shares of the real estate investment trust’s stock valued at $661,000 after acquiring an additional 1,412 shares in the last quarter. Victory Capital Management Inc. lifted its position in Ryman Hospitality Properties by 3,800.4% during the third quarter. Victory Capital Management Inc. now owns 292,410 shares of the real estate investment trust’s stock worth $31,358,000 after buying an additional 284,913 shares in the last quarter. Aigen Investment Management LP acquired a new position in Ryman Hospitality Properties during the third quarter worth $287,000. Versor Investments LP acquired a new position in Ryman Hospitality Properties during the third quarter worth $247,000. Finally, NJ State Employees Deferred Compensation Plan purchased a new stake in Ryman Hospitality Properties in the 3rd quarter valued at $214,000. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Stock Performance

Shares of RHP stock opened at $115.71 on Friday. 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 firm has a market cap of $6.93 billion, a P/E ratio of 20.55, a P/E/G ratio of 2.00 and a beta of 1.65. The firm’s 50 day moving average price is $109.90 and its 200-day moving average price is $104.44. Ryman Hospitality Properties, Inc. has a one year low of $93.76 and a one year high of $122.91.

Ryman Hospitality Properties (NYSE:RHP) last released its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.94 EPS for the quarter, missing the consensus estimate of $1.83 by ($0.89). The firm had revenue of $549.90 million for the quarter, compared to analysts’ expectations of $545.93 million. Ryman Hospitality Properties had a return on equity of 61.94% and a net margin of 14.84%. The company’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.73 earnings per share. As a group, equities research analysts predict that Ryman Hospitality Properties, Inc. will post 8.44 EPS for the current year.

Ryman Hospitality Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 3.98%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a boost from Ryman Hospitality Properties’s previous quarterly dividend of $1.10. Ryman Hospitality Properties’s dividend payout ratio is currently 78.15%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on RHP. Jefferies Financial Group assumed coverage on Ryman Hospitality Properties in a report on Wednesday, November 6th. They set a “buy” rating and a $130.00 price target on the stock. Wells Fargo & Company reduced their target price on shares of Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating on the stock in a research note on Friday, September 13th. StockNews.com upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Friday, August 9th. Truist Financial raised their price target on shares of Ryman Hospitality Properties from $130.00 to $136.00 and gave the stock a “buy” rating in a report on Monday, November 18th. Finally, JPMorgan Chase & Co. upped their price objective on Ryman Hospitality Properties from $104.00 to $105.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Ryman Hospitality Properties currently has a consensus rating of “Moderate Buy” and a consensus target price of $126.17.

Insider Activity

In other Ryman Hospitality Properties news, Director Fazal F. Merchant sold 1,269 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $113.98, for a total transaction of $144,640.62. Following the sale, the director now directly owns 4,825 shares in the company, valued at $549,953.50. This represents a 20.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Alvin L. Bowles, Jr. sold 900 shares of the business’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $107.32, for a total transaction of $96,588.00. Following the completion of the transaction, the director now owns 3,148 shares of the company’s stock, valued at approximately $337,843.36. This trade represents a 22.23 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.00% 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 seven largest non-gaming convention center hotels in the United States based on total indoor meeting space.