Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Sold by Amundi

Amundi cut its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 1.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,691 shares of the real estate investment trust’s stock after selling 497 shares during the period. Amundi owned about 0.05% of Ryman Hospitality Properties worth $3,257,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. PNC Financial Services Group Inc. raised its stake in Ryman Hospitality Properties by 369.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 12,738 shares of the real estate investment trust’s stock valued at $1,329,000 after buying an additional 10,025 shares in the last quarter. Edgestream Partners L.P. raised its stake in Ryman Hospitality Properties by 63.5% in the fourth quarter. Edgestream Partners L.P. now owns 52,410 shares of the real estate investment trust’s stock valued at $5,468,000 after buying an additional 20,351 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Ryman Hospitality Properties in the fourth quarter valued at $23,995,000. Arizona State Retirement System raised its stake in Ryman Hospitality Properties by 0.8% in the fourth quarter. Arizona State Retirement System now owns 16,515 shares of the real estate investment trust’s stock valued at $1,723,000 after buying an additional 132 shares in the last quarter. Finally, M&T Bank Corp increased its position in shares of Ryman Hospitality Properties by 15.7% during the fourth quarter. M&T Bank Corp now owns 6,573 shares of the real estate investment trust’s stock worth $686,000 after purchasing an additional 892 shares in the last quarter. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on the company. StockNews.com upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Saturday, March 1st. Wells Fargo & Company cut their target price on Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. 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. BMO Capital Markets assumed coverage on Ryman Hospitality Properties in a research report on Monday, December 9th. They set an “outperform” rating and a $133.00 target price on the stock. Finally, Truist Financial reiterated a “buy” rating and set a $133.00 target price (down previously from $136.00) on shares of Ryman Hospitality Properties in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $125.67.

Ryman Hospitality Properties Stock Performance

NYSE RHP opened at $96.67 on Monday. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 6.07. Ryman Hospitality Properties, Inc. has a 52-week low of $93.17 and a 52-week high of $121.77. The business’s 50-day moving average price is $101.60 and its 200 day moving average price is $106.60. The firm has a market cap of $5.79 billion, a P/E ratio of 22.02, a P/E/G ratio of 2.71 and a beta of 1.65.

Ryman Hospitality Properties (NYSE:RHP) last announced its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.94. Ryman Hospitality Properties had a return on equity of 49.23% and a net margin of 11.61%. The company had revenue of $647.63 million for the quarter, compared to analyst estimates of $656.01 million. On average, equities research analysts expect that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current year.

Ryman Hospitality Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 4.76%. The ex-dividend date is Monday, March 31st. Ryman Hospitality Properties’s dividend payout ratio is presently 104.78%.

Insider Buying and Selling at Ryman Hospitality Properties

In other news, Chairman Colin V. Reed purchased 8,231 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The shares were acquired at an average price of $97.54 per share, with a total value of $802,851.74. Following the purchase, the chairman now directly owns 832,260 shares of the company’s stock, valued at $81,178,640.40. The trade was a 1.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Alvin L. Bowles, Jr. sold 473 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $97.03, for a total value of $45,895.19. Following the sale, the director now directly owns 2,675 shares in the company, valued at $259,555.25. This trade represents a 15.03 % decrease in their position. 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.