Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Sold by Bruni J V & Co. Co.

Bruni J V & Co. Co. decreased its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 0.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 509,611 shares of the real estate investment trust’s stock after selling 2,886 shares during the quarter. Ryman Hospitality Properties makes up approximately 6.1% of Bruni J V & Co. Co.’s holdings, making the stock its 4th biggest holding. Bruni J V & Co. Co.’s holdings in Ryman Hospitality Properties were worth $54,651,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Principal Financial Group Inc. boosted its stake in Ryman Hospitality Properties by 194.0% during the 2nd quarter. Principal Financial Group Inc. now owns 2,222,077 shares of the real estate investment trust’s stock valued at $221,896,000 after purchasing an additional 1,466,220 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Ryman Hospitality Properties by 264.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,199,392 shares of the real estate investment trust’s stock worth $119,771,000 after buying an additional 870,081 shares during the period. Victory Capital Management Inc. grew its holdings in Ryman Hospitality Properties by 3,800.4% in the 3rd 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. Vanguard Group Inc. grew its holdings in Ryman Hospitality Properties by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 8,470,274 shares of the real estate investment trust’s stock worth $979,248,000 after buying an additional 226,547 shares in the last quarter. Finally, Reinhart Partners LLC. raised its stake in Ryman Hospitality Properties by 55.5% during the 3rd quarter. Reinhart Partners LLC. now owns 383,026 shares of the real estate investment trust’s stock valued at $41,076,000 after acquiring an additional 136,756 shares in the last quarter. Institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Stock Down 0.2 %

NYSE RHP opened at $111.22 on Tuesday. Ryman Hospitality Properties, Inc. has a 12 month low of $93.76 and a 12 month high of $122.91. The company has a market capitalization of $6.66 billion, a P/E ratio of 19.75, a PEG ratio of 1.96 and a beta of 1.65. The company’s 50 day simple moving average is $108.64 and its 200 day simple moving average is $104.15. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.73.

Ryman Hospitality Properties (NYSE:RHP) last announced its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.94 EPS for the quarter, missing analysts’ consensus estimates of $1.83 by ($0.89). Ryman Hospitality Properties had a net margin of 14.84% and a return on equity of 61.94%. The company had revenue of $549.90 million for the quarter, compared to analyst estimates of $545.93 million. During the same quarter last year, the company posted $1.73 EPS. Ryman Hospitality Properties’s revenue was up 4.0% on a year-over-year basis. Equities research analysts expect that Ryman Hospitality Properties, Inc. will post 8.44 earnings per share for the current fiscal year.

Ryman Hospitality Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $1.15 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This is a positive change from Ryman Hospitality Properties’s previous quarterly dividend of $1.10. This represents a $4.60 dividend on an annualized basis and a yield of 4.14%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 78.15%.

Analysts Set New Price Targets

RHP has been the subject of several recent analyst reports. Jefferies Financial Group initiated coverage on Ryman Hospitality Properties in a research note on Wednesday, November 6th. They issued a “buy” rating and a $130.00 price target for the company. Wells Fargo & Company decreased their target price on shares of Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating for the company in a research report on Friday, September 13th. StockNews.com upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Friday, August 9th. JPMorgan Chase & Co. increased their price objective on shares of Ryman Hospitality Properties from $104.00 to $105.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Finally, Truist Financial boosted their target price on Ryman Hospitality Properties from $130.00 to $136.00 and gave the stock a “buy” rating in a report on Monday. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Ryman Hospitality Properties has an average rating of “Moderate Buy” and a consensus price target of $126.17.

Insider Buying and Selling at Ryman Hospitality Properties

In related news, Director Alvin L. Bowles, Jr. sold 900 shares of the 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 sale, the director now directly owns 3,148 shares in the company, valued at approximately $337,843.36. This trade represents a 22.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Fazal F. Merchant sold 1,269 shares of the company’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $113.98, for a total value of $144,640.62. Following the completion of the transaction, the director now directly owns 4,825 shares in the company, valued at approximately $549,953.50. The trade was a 20.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.00% 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.