Algert Global LLC Reduces Holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Algert Global LLC lowered its position in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 32.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 45,867 shares of the real estate investment trust's stock after selling 21,919 shares during the quarter. Algert Global LLC owned about 0.08% of Ryman Hospitality Properties worth $4,786,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. raised its position in Ryman Hospitality Properties by 41.9% in the 3rd quarter. Principal Financial Group Inc. now owns 3,153,360 shares of the real estate investment trust's stock worth $338,168,000 after purchasing an additional 931,283 shares during the period. Cooke & Bieler LP purchased a new stake in shares of Ryman Hospitality Properties in the fourth quarter worth approximately $74,811,000. Hamlin Capital Management LLC bought a new stake in shares of Ryman Hospitality Properties during the 4th quarter worth approximately $65,142,000. Norges Bank purchased a new position in Ryman Hospitality Properties during the 4th quarter valued at $29,448,000. Finally, Adelante Capital Management LLC grew its position in Ryman Hospitality Properties by 340.1% in the 4th quarter. Adelante Capital Management LLC now owns 348,890 shares of the real estate investment trust's stock valued at $36,403,000 after acquiring an additional 269,623 shares during the last quarter. Institutional investors own 94.48% of the company's stock.

Analyst Ratings Changes

RHP has been the subject of a number of recent analyst reports. Truist Financial lowered their target price on shares of Ryman Hospitality Properties from $133.00 to $127.00 and set a "buy" rating for the company in a research note on Friday, March 21st. Wells Fargo & Company lowered their price objective on shares of Ryman Hospitality Properties from $130.00 to $122.00 and set an "overweight" rating for the company in a research report on Tuesday, February 18th. Evercore ISI reduced 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 research report on Monday, April 28th. Jefferies Financial Group lowered their price target on Ryman Hospitality Properties from $118.00 to $100.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Finally, StockNews.com upgraded Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a report on Saturday, March 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $119.71.

Insider Activity

In other Ryman Hospitality Properties news, Chairman Colin V. Reed acquired 8,231 shares of the stock in a transaction dated Wednesday, February 26th. The stock was purchased at an average price of $97.54 per share, with a total value of $802,851.74. Following the transaction, the chairman now directly owns 832,260 shares of the company's stock, valued at $81,178,640.40. This trade represents a 1.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Alvin L. Bowles, Jr. sold 473 shares of the company's stock in a transaction dated 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 disclosure for this sale can be found here. Company insiders own 5.00% of the company's stock.

Ryman Hospitality Properties Price Performance

NYSE RHP opened at $94.88 on Tuesday. The company has a market cap of $5.69 billion, a PE ratio of 21.61, a P/E/G ratio of 2.71 and a beta of 1.38. Ryman Hospitality Properties, Inc. has a 52-week low of $76.27 and a 52-week high of $121.77. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.73 and a current ratio of 1.73. The firm's 50 day moving average price is $90.82 and its 200-day moving average price is $101.87.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $2.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.79 by $0.29. The business had revenue of $587.28 million for the quarter, compared to the consensus estimate of $546.52 million. Ryman Hospitality Properties had a return on equity of 49.23% and a net margin of 11.61%. The business's revenue was up 11.2% compared to the same quarter last year. During the same period last year, the business posted $1.60 EPS. Sell-side analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 4.85%. The ex-dividend date of this dividend was Monday, March 31st. Ryman Hospitality Properties's payout ratio is 104.78%.

Ryman Hospitality Properties Company 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.

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