Centersquare Investment Management LLC Has $5.59 Million Stake 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 lessened its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 7.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the 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 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of RHP. Envestnet Asset Management Inc. increased its holdings in shares of Ryman Hospitality Properties by 12.6% in the first quarter. Envestnet Asset Management Inc. now owns 73,847 shares of the real estate investment trust's stock valued at $6,753,000 after purchasing an additional 8,261 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Ryman Hospitality Properties by 7.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 5,963 shares of the real estate investment trust's stock valued at $545,000 after acquiring an additional 405 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Ryman Hospitality Properties by 53.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 7,483 shares of the real estate investment trust's stock valued at $692,000 after purchasing an additional 2,615 shares during the period. Teacher Retirement System of Texas lifted its position in Ryman Hospitality Properties by 44.3% during the 1st quarter. Teacher Retirement System of Texas now owns 16,692 shares of the real estate investment trust's stock valued at $1,526,000 after purchasing an additional 5,125 shares during the period. Finally, Amalgamated Bank boosted its stake in shares of Ryman Hospitality Properties by 751.6% in the 1st quarter. Amalgamated Bank now owns 17,040 shares of the real estate investment trust's stock valued at $1,558,000 after purchasing an additional 15,039 shares during the last quarter. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Chairman Colin V. Reed acquired 8,356 shares of Ryman Hospitality Properties stock in a transaction dated Monday, June 9th. The stock was bought at an average price of $96.92 per share, for a total transaction of $809,863.52. Following the completion of the acquisition, the chairman directly owned 870,406 shares in the company, valued at approximately $84,359,749.52. The trade was a 0.97% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Alvin L. Bowles, Jr. sold 1,300 shares of the business's stock in a transaction 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 trade represents a 33.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by corporate insiders.

Ryman Hospitality Properties Stock Up 0.9%

RHP stock traded up $0.86 during mid-day trading on Wednesday, reaching $94.60. The company had a trading volume of 1,174,484 shares, compared to its average volume of 609,003. The company has a market capitalization of $5.68 billion, a price-to-earnings ratio of 22.58, a PEG ratio of 2.16 and a beta of 1.62. Ryman Hospitality Properties, Inc. has a 52 week low of $76.27 and a 52 week high of $121.77. The stock has a 50 day simple moving average of $99.03 and a two-hundred day simple moving average of $96.74. The company has a debt-to-equity ratio of 4.72, a current ratio of 1.63 and a quick ratio of 1.55.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last issued its earnings results on Monday, August 4th. The real estate investment trust reported $2.35 earnings per share for the quarter, topping analysts' consensus estimates 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 business had revenue of $659.52 million for the quarter, compared to the consensus estimate of $616.56 million. During the same period in the previous year, the company earned $2.78 earnings per share. The firm's revenue for the quarter was up 7.5% on a year-over-year basis. As a group, equities analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date was Monday, June 30th. Ryman Hospitality Properties's dividend payout ratio is 97.46%.

Wall Street Analysts Forecast Growth

RHP has been the topic of several analyst reports. Wedbush set a $110.00 price objective on shares of Ryman Hospitality Properties and gave the company an "outperform" rating in a report on Tuesday, May 6th. JPMorgan Chase & Co. assumed coverage on shares of Ryman Hospitality Properties in a research note on Monday, June 23rd. They issued an "overweight" rating and a $117.00 target price for the company. Bank of America upped their price objective on shares of Ryman Hospitality Properties from $105.00 to $110.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Truist Financial lowered their price target on Ryman Hospitality Properties from $127.00 to $120.00 and set a "buy" rating for the company in a report on Friday, May 30th. Finally, Jefferies Financial Group decreased their price objective on 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. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $114.75.

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.