Ryman Hospitality Properties, Inc. (NYSE:RHP) Position Trimmed by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc reduced its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 45.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,619 shares of the real estate investment trust's stock after selling 24,882 shares during the quarter. Ensign Peak Advisors Inc's holdings in Ryman Hospitality Properties were worth $3,090,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Heck Capital Advisors LLC bought a new position in Ryman Hospitality Properties in the fourth quarter valued at about $31,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Ryman Hospitality Properties in the fourth quarter valued at about $72,000. Venturi Wealth Management LLC bought a new position in shares of Ryman Hospitality Properties in the fourth quarter worth $83,000. Covestor Ltd boosted its stake in shares of Ryman Hospitality Properties by 33.3% in the 4th quarter. Covestor Ltd now owns 829 shares of the real estate investment trust's stock valued at $87,000 after purchasing an additional 207 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of Ryman Hospitality Properties by 23.4% during the fourth quarter. Blue Trust Inc. now owns 845 shares of the real estate investment trust's stock valued at $91,000 after purchasing an additional 160 shares in the last quarter. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company dropped their price objective on shares of Ryman Hospitality Properties from $130.00 to $122.00 and set an "overweight" rating on the stock in a report on Tuesday, February 18th. StockNews.com raised shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a report on Saturday, March 1st. Evercore ISI cut their target price on Ryman Hospitality Properties from $130.00 to $120.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. Wedbush set a $110.00 price target on Ryman Hospitality Properties and gave the company an "outperform" rating in a report on Tuesday, May 6th. Finally, Truist Financial dropped their price objective on shares of Ryman Hospitality Properties from $133.00 to $127.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, Ryman Hospitality Properties presently has a consensus rating of "Moderate Buy" and an average target price of $116.00.

Insiders Place Their Bets

In related news, Director Alvin L. Bowles, Jr. sold 473 shares of Ryman Hospitality Properties 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 completion of the transaction, the director now owns 2,675 shares in the company, valued at approximately $259,555.25. The trade was a 15.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Colin V. Reed purchased 8,231 shares of the stock in a transaction on Wednesday, February 26th. The shares were purchased at an average price 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 $81,178,640.40. This represents a 1.00% increase in their ownership of the stock. The disclosure for this purchase can be found here. 5.00% of the stock is owned by insiders.

Ryman Hospitality Properties Stock Performance

Shares of Ryman Hospitality Properties stock traded down $0.05 during trading on Monday, hitting $98.96. 189,819 shares of the company's stock were exchanged, compared to its average volume of 621,643. 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 business has a 50-day simple moving average of $90.84 and a 200-day simple moving average of $101.23. Ryman Hospitality Properties, Inc. has a 52-week low of $76.27 and a 52-week high of $121.77. The stock has a market capitalization of $5.94 billion, a price-to-earnings ratio of 22.54, a PEG ratio of 2.71 and a beta of 1.55.

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

Ryman Hospitality Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $1.15 per share. The ex-dividend date is Monday, June 30th. This represents a $4.60 dividend on an annualized basis and a yield of 4.65%. Ryman Hospitality Properties's payout ratio is presently 97.46%.

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.