Y Intercept Hong Kong Ltd Trims Stake in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Y Intercept Hong Kong Ltd cut its position in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 74.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,688 shares of the real estate investment trust’s stock after selling 13,366 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Ryman Hospitality Properties were worth $503,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its position in shares of Ryman Hospitality Properties by 133.1% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 4,701 shares of the real estate investment trust’s stock worth $469,000 after acquiring an additional 2,684 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its position in Ryman Hospitality Properties by 18.3% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 2,274 shares of the real estate investment trust’s stock worth $227,000 after purchasing an additional 352 shares during the last quarter. Raymond James & Associates increased its stake in Ryman Hospitality Properties by 30.1% in the second quarter. Raymond James & Associates now owns 19,116 shares of the real estate investment trust’s stock valued at $1,909,000 after purchasing an additional 4,425 shares during the period. Summit Global Investments purchased a new stake in shares of Ryman Hospitality Properties in the second quarter valued at about $601,000. Finally, Fifth Third Bancorp boosted its stake in shares of Ryman Hospitality Properties by 347.6% during the second quarter. Fifth Third Bancorp now owns 282 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 219 shares during the period. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Trading Down 2.1 %

Shares of RHP opened at $113.24 on Monday. The firm’s 50-day moving average is $112.64 and its two-hundred day moving average is $105.71. Ryman Hospitality Properties, Inc. has a twelve month low of $93.76 and a twelve month high of $122.91. 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 firm has a market capitalization of $6.78 billion, a P/E ratio of 20.11, a PEG ratio of 2.95 and a beta of 1.65.

Ryman Hospitality Properties (NYSE:RHP) last released 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). The firm had revenue of $549.90 million during the quarter, compared to analysts’ expectations of $545.93 million. Ryman Hospitality Properties had a net margin of 14.84% and a return on equity of 61.94%. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.73 earnings per share. On average, research analysts predict 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. Investors of record on Tuesday, December 31st will be given a $1.15 dividend. The ex-dividend date 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 annualized dividend and a dividend yield of 4.06%. Ryman Hospitality Properties’s payout ratio is currently 81.71%.

Analyst Ratings Changes

Several equities analysts recently issued reports on RHP shares. BMO Capital Markets started coverage on Ryman Hospitality Properties in a research report on Monday, December 9th. They issued an “outperform” rating and a $133.00 price target on the stock. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $100.00 target price on shares of Ryman Hospitality Properties in a report on Friday. Jefferies Financial Group began coverage on Ryman Hospitality Properties in a report on Wednesday, November 6th. They set a “buy” rating and a $130.00 price target for the company. Truist Financial lifted their price objective on shares of Ryman Hospitality Properties from $130.00 to $136.00 and gave the company a “buy” rating in a research report on Monday, November 18th. Finally, Wells Fargo & Company boosted their target price on Ryman Hospitality Properties from $124.00 to $130.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Ryman Hospitality Properties presently has a consensus rating of “Moderate Buy” and a consensus target price of $128.57.

Insider Activity at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Director Alvin L. Bowles, Jr. sold 900 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $107.32, for a total value of $96,588.00. Following the sale, the director now owns 3,148 shares of the company’s stock, valued at $337,843.36. This represents a 22.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Fazal F. Merchant sold 1,269 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $113.98, for a total transaction of $144,640.62. Following the transaction, the director now directly owns 4,825 shares of the company’s stock, valued at approximately $549,953.50. This trade represents a 20.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.00% of the stock is owned by corporate insiders.

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.