Centersquare Investment Management LLC Reduces Holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Key Points

• Centersquare Investment Management LLC reduced its position in Ryman Hospitality Properties by 7.0%, owning 61,180 shares valued at approximately $5.59 million following the sale of 4,600 shares.
• Insider trading revealed that Chairman Colin V. Reed acquired 8,356 shares for about $809,863, while Director Alvin L. Bowles, Jr. sold 1,300 shares valued at around $128,713.
• Ryman Hospitality Properties recently reported earnings of $2.35 per share, surpassing analysts' expectations, with projected annual earnings of 8.81 EPS for the fiscal year.

Centersquare Investment Management LLC cut its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 7.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 61,180 shares of the real estate investment trust's stock after selling 4,600 shares during the period. Centersquare Investment Management LLC owned about 0.10% of Ryman Hospitality Properties worth $5,594,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Heck Capital Advisors LLC acquired a new position in shares of Ryman Hospitality Properties in the fourth quarter worth about $31,000. Fifth Third Bancorp raised its position in shares of Ryman Hospitality Properties by 175.6% in the first quarter. Fifth Third Bancorp now owns 576 shares of the real estate investment trust's stock worth $53,000 after acquiring an additional 367 shares during the period. CWM LLC raised its position in shares of Ryman Hospitality Properties by 213.4% in the first quarter. CWM LLC now owns 724 shares of the real estate investment trust's stock worth $66,000 after acquiring an additional 493 shares during the period. Covestor Ltd raised its position 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 acquiring an additional 207 shares during the period. Finally, FIL Ltd raised its position in shares of Ryman Hospitality Properties by 44.5% during the 4th quarter. FIL Ltd now owns 929 shares of the real estate investment trust's stock worth $97,000 after purchasing an additional 286 shares during the last quarter. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Ryman Hospitality Properties

In other news, Director Alvin L. Bowles, Jr. sold 1,300 shares of the stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $99.01, for a total value of $128,713.00. Following the completion of the sale, the director owned 2,576 shares of the company's stock, valued at $255,049.76. This represents a 33.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Colin V. Reed purchased 8,356 shares of the company's stock in a transaction dated Monday, June 9th. The stock was purchased at an average cost of $96.92 per share, with a total value of $809,863.52. Following the purchase, the chairman owned 870,406 shares in the company, valued at approximately $84,359,749.52. This trade represents a 0.97% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 5.00% of the company's stock.

Ryman Hospitality Properties Price Performance

NYSE RHP traded down $1.78 during trading hours on Friday, hitting $92.55. 432,546 shares of the company's stock traded hands, compared to its average volume of 664,625. Ryman Hospitality Properties, Inc. has a 52-week low of $76.27 and a 52-week high of $121.77. The company has a market capitalization of $5.83 billion, a PE ratio of 22.09, a PEG ratio of 2.18 and a beta of 1.62. The company has a debt-to-equity ratio of 4.72, a current ratio of 1.63 and a quick ratio of 1.55. The firm's 50-day moving average is $98.88 and its 200-day moving average is $96.60.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.31 by $0.04. Ryman Hospitality Properties had a net margin of 10.74% and a return on equity of 41.65%. The company had revenue of $659.52 million during the quarter, compared to analysts' expectations of $616.56 million. During the same quarter in the prior year, the company earned $2.78 EPS. Ryman Hospitality Properties's revenue was up 7.5% compared to the same quarter last year. Equities analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

Wall Street Analyst Weigh In

RHP has been the subject of several research analyst reports. Wells Fargo & Company upped their price target on shares of Ryman Hospitality Properties from $101.00 to $108.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. Wedbush set a $110.00 price target on shares of Ryman Hospitality Properties and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. Bank of America upped their price target on shares of Ryman Hospitality Properties from $105.00 to $110.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. Truist Financial reduced their price target on shares of Ryman Hospitality Properties from $127.00 to $120.00 and set a "buy" rating for the company in a research report on Friday, May 30th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Ryman Hospitality Properties in a research report on Monday, June 23rd. They set an "overweight" rating and a $117.00 price target for the company. One analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $114.75.

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.