Edgestream Partners L.P. Has $3.44 Million Stock Holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Edgestream Partners L.P. lessened its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 68.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 32,059 shares of the real estate investment trust’s stock after selling 68,637 shares during the quarter. Edgestream Partners L.P. owned 0.05% of Ryman Hospitality Properties worth $3,438,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Fifth Third Bancorp grew its position in Ryman Hospitality Properties by 347.6% in the second quarter. Fifth Third Bancorp now owns 282 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 219 shares in the last quarter. SYSTM Wealth Solutions LLC bought a new stake in Ryman Hospitality Properties in the second quarter worth approximately $32,000. Quest Partners LLC grew its position in Ryman Hospitality Properties by 8,450.0% in the second quarter. Quest Partners LLC now owns 342 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 338 shares in the last quarter. GAMMA Investing LLC grew its position in Ryman Hospitality Properties by 34.6% in the third quarter. GAMMA Investing LLC now owns 401 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 103 shares in the last quarter. Finally, Avior Wealth Management LLC grew its position in Ryman Hospitality Properties by 44.9% in the third quarter. Avior Wealth Management LLC now owns 442 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 137 shares in the last quarter. Institutional investors and hedge funds own 94.48% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. StockNews.com raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Friday, August 9th. Wells Fargo & Company decreased their price objective on shares of Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating for the company in a report on Friday, September 13th. Truist Financial upped their price objective 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, Jefferies Financial Group assumed coverage on shares of Ryman Hospitality Properties in a report on Wednesday, November 6th. They set a “buy” rating and a $130.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $126.17.

Ryman Hospitality Properties Price Performance

Shares of Ryman Hospitality Properties stock opened at $117.24 on Monday. 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, Inc. has a fifty-two week low of $93.76 and a fifty-two week high of $122.91. The firm has a fifty day moving average price of $111.08 and a two-hundred day moving average price of $104.83. The company has a market cap of $7.02 billion, a PE ratio of 20.82, a price-to-earnings-growth ratio of 2.96 and a beta of 1.65.

Ryman Hospitality Properties (NYSE:RHP) last issued its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.94 earnings per share 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 during the quarter, compared to the consensus estimate of $545.93 million. During the same period last year, the company earned $1.73 earnings per share. Ryman Hospitality Properties’s revenue for the quarter was up 4.0% on a year-over-year basis. Analysts expect that Ryman Hospitality Properties, Inc. will post 8.44 EPS for the current year.

Ryman Hospitality Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $1.15 dividend. This is a boost from Ryman Hospitality Properties’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.92%. Ryman Hospitality Properties’s dividend payout ratio is currently 78.15%.

Insider Activity

In other news, Director Alvin L. Bowles, Jr. sold 900 shares of the stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $107.32, for a total value of $96,588.00. Following the completion of the transaction, the director now owns 3,148 shares in the company, valued at approximately $337,843.36. This represents a 22.23 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Fazal F. Merchant sold 1,269 shares of the stock in a transaction 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 completion of the transaction, the director now owns 4,825 shares of the company’s stock, valued at approximately $549,953.50. This represents a 20.82 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company’s stock.

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.