Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Sold by Reinhart Partners LLC.

Reinhart Partners LLC. reduced its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 28.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 275,888 shares of the real estate investment trust’s stock after selling 107,138 shares during the period. Reinhart Partners LLC. owned about 0.46% of Ryman Hospitality Properties worth $28,786,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of RHP. Harbor Capital Advisors Inc. lifted its position in Ryman Hospitality Properties by 2.6% in the 4th quarter. Harbor Capital Advisors Inc. now owns 50,144 shares of the real estate investment trust’s stock valued at $5,232,000 after purchasing an additional 1,251 shares during the last quarter. Diversified Trust Co increased its position in shares of Ryman Hospitality Properties by 9.3% in the fourth quarter. Diversified Trust Co now owns 7,907 shares of the real estate investment trust’s stock worth $825,000 after acquiring an additional 676 shares in the last quarter. Nordea Investment Management AB increased its position in shares of Ryman Hospitality Properties by 4.3% in the fourth quarter. Nordea Investment Management AB now owns 111,201 shares of the real estate investment trust’s stock worth $11,689,000 after acquiring an additional 4,592 shares in the last quarter. Tidal Investments LLC increased its position in shares of Ryman Hospitality Properties by 2.1% in the third quarter. Tidal Investments LLC now owns 7,264 shares of the real estate investment trust’s stock worth $779,000 after acquiring an additional 152 shares in the last quarter. Finally, Sanctuary Advisors LLC increased its position in shares of Ryman Hospitality Properties by 121.1% in the third quarter. Sanctuary Advisors LLC now owns 6,433 shares of the real estate investment trust’s stock worth $744,000 after acquiring an additional 3,523 shares in the last quarter. 94.48% of the stock is owned by institutional investors and hedge funds.

Ryman Hospitality Properties Stock Performance

Shares of Ryman Hospitality Properties stock traded down $0.66 during trading hours on Monday, hitting $101.26. 88,242 shares of the company’s stock traded hands, compared to its average volume of 393,665. Ryman Hospitality Properties, Inc. has a 12-month low of $93.76 and a 12-month high of $122.91. The stock has a market capitalization of $6.07 billion, a price-to-earnings ratio of 17.99, a PEG ratio of 2.86 and a beta of 1.67. The company has a fifty day simple moving average of $110.96 and a 200-day simple moving average of $106.36. 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 earnings per share for the quarter, missing the consensus estimate of $1.83 by ($0.89). Ryman Hospitality Properties had a return on equity of 61.94% and a net margin of 14.84%. The firm had revenue of $549.90 million during the quarter, compared to analysts’ expectations of $545.93 million. During the same period last year, the business posted $1.73 EPS. The company’s revenue was up 4.0% compared to the same quarter last year. Equities research analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.44 EPS for the current fiscal 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 dividend on an annualized basis and a dividend yield of 4.54%. The ex-dividend date of this dividend is Tuesday, December 31st. This is an increase from Ryman Hospitality Properties’s previous quarterly dividend of $1.10. Ryman Hospitality Properties’s dividend payout ratio (DPR) is 81.71%.

Insider Activity at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Director Fazal F. Merchant sold 1,269 shares of Ryman Hospitality Properties stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $113.98, for a total value of $144,640.62. Following the transaction, the director now directly owns 4,825 shares of the company’s stock, valued at $549,953.50. The trade was a 20.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Wells Fargo & Company boosted their price objective on shares of Ryman Hospitality Properties from $124.00 to $130.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. BMO Capital Markets began coverage on shares of Ryman Hospitality Properties in a research note on Monday, December 9th. They issued an “outperform” rating and a $133.00 price objective for the company. Jefferies Financial Group initiated coverage on shares of Ryman Hospitality Properties in a research note on Wednesday, November 6th. They issued a “buy” rating and a $130.00 price objective for the company. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $100.00 target price on shares of Ryman Hospitality Properties in a research report on Friday, December 13th. Finally, Truist Financial raised their target price on shares of Ryman Hospitality Properties from $130.00 to $136.00 and gave the company a “buy” rating in a research note on Monday, November 18th. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $128.57.

About Ryman Hospitality Properties

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.