ClearAlpha Technologies LP Takes Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

ClearAlpha Technologies LP acquired a new stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,813 shares of the real estate investment trust's stock, valued at approximately $398,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Heck Capital Advisors LLC bought a new stake in shares of Ryman Hospitality Properties in the 4th quarter worth about $31,000. Harvest Fund Management Co. Ltd purchased a new position in shares of Ryman Hospitality Properties during the fourth quarter valued at approximately $72,000. Venturi Wealth Management LLC bought a new position in shares of Ryman Hospitality Properties during the fourth quarter valued at approximately $83,000. Covestor Ltd raised its holdings in shares of Ryman Hospitality Properties by 33.3% in the fourth quarter. Covestor Ltd now owns 829 shares of the real estate investment trust's stock worth $87,000 after buying an additional 207 shares during the period. Finally, Blue Trust Inc. lifted its stake in shares of Ryman Hospitality Properties by 23.4% during the 4th quarter. Blue Trust Inc. now owns 845 shares of the real estate investment trust's stock worth $91,000 after acquiring an additional 160 shares during the last quarter. 94.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on RHP shares. Wells Fargo & Company reduced their target price on Ryman Hospitality Properties from $130.00 to $122.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 18th. Jefferies Financial Group lowered their price objective on shares of Ryman Hospitality Properties from $118.00 to $100.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Truist Financial decreased their price target 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. Finally, StockNews.com upgraded Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a report on Saturday, March 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Ryman Hospitality Properties currently has an average rating of "Moderate Buy" and an average target price of $119.67.

Ryman Hospitality Properties Stock Down 0.3 %

Shares of NYSE RHP traded down $0.26 during mid-day trading on Friday, reaching $86.41. 741,419 shares of the company were exchanged, compared to its average volume of 612,271. Ryman Hospitality Properties, Inc. has a 1 year low of $76.27 and a 1 year high of $121.77. The firm has a 50-day moving average of $91.99 and a 200 day moving average of $102.87. The stock has a market cap of $5.18 billion, a price-to-earnings ratio of 19.68, a P/E/G ratio of 2.71 and a beta of 1.38. 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 (NYSE:RHP - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $2.15 EPS for the quarter, topping the consensus estimate of $1.21 by $0.94. The firm had revenue of $647.63 million during the quarter, compared to analyst estimates of $656.01 million. Ryman Hospitality Properties had a net margin of 11.61% and a return on equity of 49.23%. On average, research analysts expect that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current year.

Ryman Hospitality Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 5.32%. The ex-dividend date was Monday, March 31st. Ryman Hospitality Properties's dividend payout ratio is presently 104.78%.

Insider Transactions at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Director Alvin L. Bowles, Jr. sold 473 shares of Ryman Hospitality Properties stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $97.03, for a total transaction of $45,895.19. Following the completion of the sale, the director now owns 2,675 shares of the company's stock, valued at approximately $259,555.25. The trade was a 15.03 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Colin V. Reed acquired 8,231 shares of the business's stock in a transaction dated Wednesday, February 26th. The stock was purchased at an average cost of $97.54 per share, for a total transaction of $802,851.74. Following the completion of the acquisition, the chairman now directly owns 832,260 shares of the company's stock, 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. Insiders own 5.00% 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.