Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets lessened its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 39.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,921 shares of the real estate investment trust's stock after selling 13,071 shares during the period. BNP Paribas Financial Markets' holdings in Ryman Hospitality Properties were worth $2,079,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Heck Capital Advisors LLC purchased a new position in shares of Ryman Hospitality Properties in the 4th quarter worth approximately $31,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Ryman Hospitality Properties in the fourth quarter worth approximately $72,000. Venturi Wealth Management LLC bought a new stake in shares of Ryman Hospitality Properties during the 4th quarter worth approximately $83,000. Covestor Ltd boosted its holdings in Ryman Hospitality Properties by 33.3% during the 4th quarter. Covestor Ltd now owns 829 shares of the real estate investment trust's stock valued at $87,000 after acquiring an additional 207 shares during the period. Finally, Blue Trust Inc. boosted its holdings in 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 valued at $91,000 after acquiring an additional 160 shares during the period. Institutional investors own 94.48% of the company's stock.

Insider Activity

In other news, Chairman Colin V. Reed bought 8,231 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The stock was bought at an average price of $97.54 per share, with a total value of $802,851.74. Following the completion of the transaction, the chairman now directly owns 832,260 shares of the company's stock, valued at approximately $81,178,640.40. The trade was a 1.00% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alvin L. Bowles, Jr. sold 473 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The shares were 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. This trade 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 Stock Down 2.3%

Ryman Hospitality Properties stock traded down $2.23 during midday trading on Wednesday, hitting $94.76. 1,065,324 shares of the company's stock were exchanged, compared to its average volume of 635,587. 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 company has a market cap of $5.69 billion, a PE ratio of 21.59, a P/E/G ratio of 2.71 and a beta of 1.55. The firm has a 50-day moving average of $90.96 and a two-hundred day moving average of $101.14. Ryman Hospitality Properties, Inc. has a 12 month low of $76.27 and a 12 month high of $121.77.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $587.28 million for the quarter, compared to the consensus estimate of $546.52 million. Ryman Hospitality Properties had a net margin of 11.61% and a return on equity of 49.23%. The company's quarterly revenue was up 11.2% on a year-over-year basis. During the same period last year, the firm earned $1.60 earnings per share. As a group, analysts expect that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders 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 annualized dividend and a yield of 4.85%. Ryman Hospitality Properties's dividend payout ratio (DPR) is presently 97.46%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on RHP. Evercore ISI decreased their target price on Ryman Hospitality Properties from $130.00 to $120.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. StockNews.com raised shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research note on Saturday, March 1st. Jefferies Financial Group decreased 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 report on Wednesday, April 9th. Wedbush set a $110.00 target price on shares of Ryman Hospitality Properties and gave the stock an "outperform" rating in a research note on Tuesday, May 6th. Finally, Wells Fargo & Company reduced their target price on shares of 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. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $116.00.

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.