Adage Capital Partners GP L.L.C. Sells 95,000 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Adage Capital Partners GP L.L.C. decreased its position in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 42.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 130,000 shares of the real estate investment trust's stock after selling 95,000 shares during the period. Adage Capital Partners GP L.L.C. owned about 0.22% of Ryman Hospitality Properties worth $13,564,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its stake in shares of Ryman Hospitality Properties by 10.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 43,873 shares of the real estate investment trust's stock valued at $4,578,000 after purchasing an additional 3,993 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in shares of Ryman Hospitality Properties by 19.8% during the 4th quarter. Hsbc Holdings PLC now owns 68,821 shares of the real estate investment trust's stock worth $7,187,000 after acquiring an additional 11,381 shares during the period. ClearAlpha Technologies LP acquired a new stake in shares of Ryman Hospitality Properties during the 4th quarter valued at about $398,000. Beacon Investment Advisors LLC increased its stake in Ryman Hospitality Properties by 0.5% in the fourth quarter. Beacon Investment Advisors LLC now owns 30,466 shares of the real estate investment trust's stock valued at $3,179,000 after acquiring an additional 155 shares during the period. Finally, MetLife Investment Management LLC raised its position in Ryman Hospitality Properties by 5.6% in the fourth quarter. MetLife Investment Management LLC now owns 36,964 shares of the real estate investment trust's stock worth $3,857,000 after purchasing an additional 1,969 shares in the last quarter. Institutional investors own 94.48% of the company's stock.

Ryman Hospitality Properties Price Performance

Shares of Ryman Hospitality Properties stock traded up $0.11 during trading on Thursday, reaching $88.06. The company's stock had a trading volume of 1,293,208 shares, compared to its average volume of 617,513. The stock has a 50-day moving average price of $91.14 and a two-hundred day moving average price of $102.39. The stock has a market capitalization of $5.28 billion, a P/E ratio of 20.06, a price-to-earnings-growth ratio of 2.71 and a beta of 1.38. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 6.07. Ryman Hospitality Properties, Inc. has a one year low of $76.27 and a one year high of $121.77.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last announced its earnings results on Thursday, May 1st. The real estate investment trust reported $2.08 earnings per share for the quarter, topping analysts' consensus estimates of $1.77 by $0.31. Ryman Hospitality Properties had a net margin of 11.61% and a return on equity of 49.23%. As a group, sell-side analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 5.22%. The ex-dividend date was Monday, March 31st. Ryman Hospitality Properties's dividend payout ratio is 104.78%.

Insider Buying and Selling at Ryman Hospitality Properties

In related news, Director Alvin L. Bowles, Jr. sold 473 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $97.03, for a total value of $45,895.19. Following the transaction, the director now directly owns 2,675 shares in the company, valued at $259,555.25. This represents a 15.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Colin V. Reed bought 8,231 shares of the stock in a transaction on Wednesday, February 26th. The shares were acquired at an average cost of $97.54 per share, with a total value of $802,851.74. Following the acquisition, the chairman now directly owns 832,260 shares in the company, valued at approximately $81,178,640.40. This trade represents a 1.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 5.00% of the company's stock.

Analysts Set New Price Targets

RHP has been the topic of a number of recent research reports. StockNews.com raised Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a report on Saturday, March 1st. Truist Financial lowered their price target on Ryman Hospitality Properties from $133.00 to $127.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. Wells Fargo & Company cut their price objective on Ryman Hospitality Properties from $130.00 to $122.00 and set an "overweight" rating for the company in a report on Tuesday, February 18th. Evercore ISI lowered their target price on shares of Ryman Hospitality Properties from $130.00 to $120.00 and set an "outperform" rating on the stock in a report on Monday. Finally, Jefferies Financial Group cut their price target on shares of Ryman Hospitality Properties from $118.00 to $100.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. One equities 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. According to MarketBeat, Ryman Hospitality Properties has a consensus rating of "Moderate Buy" and a consensus target price of $119.71.

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.