Covestor Ltd Sells 288 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Covestor Ltd cut its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 22.9% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 970 shares of the real estate investment trust’s stock after selling 288 shares during the period. Covestor Ltd’s holdings in Ryman Hospitality Properties were worth $112,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. increased its position in shares of Ryman Hospitality Properties by 11,548.3% during the 4th quarter. Principal Financial Group Inc. now owns 703,556 shares of the real estate investment trust’s stock valued at $77,433,000 after purchasing an additional 697,516 shares during the last quarter. Norges Bank purchased a new position in shares of Ryman Hospitality Properties during the fourth quarter worth approximately $57,580,000. Vanguard Group Inc. lifted its holdings in shares of 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 acquiring an additional 226,547 shares during the last quarter. Heitman Real Estate Securities LLC boosted its stake in shares of Ryman Hospitality Properties by 46.0% in the 4th quarter. Heitman Real Estate Securities LLC now owns 611,992 shares of the real estate investment trust’s stock valued at $67,356,000 after purchasing an additional 192,962 shares in the last quarter. Finally, South Street Advisors LLC bought a new position in shares of Ryman Hospitality Properties during the 1st quarter valued at $11,574,000. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on RHP shares. StockNews.com upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Monday, July 8th. Deutsche Bank Aktiengesellschaft dropped their target price on Ryman Hospitality Properties from $141.00 to $136.00 and set a “buy” rating for the company in a report on Thursday, May 9th. Finally, Truist Financial decreased their price target on Ryman Hospitality Properties from $135.00 to $130.00 and set a “buy” rating on the stock in a research note on Thursday, May 30th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Ryman Hospitality Properties has a consensus rating of “Moderate Buy” and a consensus target price of $118.29.

Ryman Hospitality Properties Trading Up 0.8 %

RHP traded up $0.85 during midday trading on Tuesday, reaching $102.75. 109,010 shares of the company’s stock traded hands, compared to its average volume of 435,574. Ryman Hospitality Properties, Inc. has a 52 week low of $79.86 and a 52 week high of $122.91. The company has a debt-to-equity ratio of 6.33, a current ratio of 1.99 and a quick ratio of 1.99. The firm has a fifty day moving average of $101.64 and a two-hundred day moving average of $108.93. The stock has a market capitalization of $6.15 billion, a price-to-earnings ratio of 21.10, a P/E/G ratio of 2.16 and a beta of 1.64.

Ryman Hospitality Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 4.28%. The ex-dividend date of this dividend was Friday, June 28th. Ryman Hospitality Properties’s payout ratio is 91.10%.

Insider Activity at Ryman Hospitality Properties

In related news, Director William E. Haslam acquired 9,972 shares of the firm’s stock in a transaction on Thursday, June 13th. The stock was acquired at an average cost of $100.28 per share, for a total transaction of $999,992.16. Following the acquisition, the director now owns 22,790 shares of the company’s stock, valued at $2,285,381.20. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Chairman Colin V. Reed acquired 13,800 shares of the stock in a transaction on Tuesday, May 7th. The stock was acquired at an average cost of $106.40 per share, for a total transaction of $1,468,320.00. Following the completion of the acquisition, the chairman now directly owns 819,143 shares of the company’s stock, valued at approximately $87,156,815.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director William E. Haslam bought 9,972 shares of Ryman Hospitality Properties stock in a transaction on Thursday, June 13th. The shares were purchased at an average price of $100.28 per share, for a total transaction of $999,992.16. Following the acquisition, the director now directly owns 22,790 shares in the company, valued at approximately $2,285,381.20. The disclosure for this purchase can be found here. 3.00% of the stock is currently owned by company 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.