D. E. Shaw & Co. Inc. Sells 28,276 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

D. E. Shaw & Co. Inc. lessened its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 91.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,808 shares of the real estate investment trust's stock after selling 28,276 shares during the quarter. D. E. Shaw & Co. Inc.'s holdings in Ryman Hospitality Properties were worth $293,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. DigitalBridge Group Inc. bought a new position in Ryman Hospitality Properties during the 4th quarter valued at $12,218,000. Bank of Montreal Can grew its position in Ryman Hospitality Properties by 119.4% in the 4th quarter. Bank of Montreal Can now owns 50,846 shares of the real estate investment trust's stock worth $5,305,000 after purchasing an additional 27,672 shares in the last quarter. Victory Capital Management Inc. increased its stake in Ryman Hospitality Properties by 87.3% in the 4th quarter. Victory Capital Management Inc. now owns 547,639 shares of the real estate investment trust's stock valued at $57,141,000 after buying an additional 255,229 shares during the last quarter. Integrated Quantitative Investments LLC bought a new position in shares of Ryman Hospitality Properties during the 4th quarter worth approximately $336,000. Finally, Paradigm Asset Management Co. LLC purchased a new position in shares of Ryman Hospitality Properties in the 4th quarter worth approximately $741,000. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Ryman Hospitality Properties Price Performance

NYSE RHP traded down $0.14 on Friday, hitting $97.20. The stock had a trading volume of 783,915 shares, compared to its average volume of 644,008. The firm has a 50-day moving average of $90.93 and a 200-day moving average of $100.46. The company has a market capitalization of $5.83 billion, a price-to-earnings ratio of 22.14, a price-to-earnings-growth ratio of 2.71 and a beta of 1.55. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.73 and a current ratio of 1.73. Ryman Hospitality Properties, Inc. has a 52-week low of $76.27 and a 52-week high of $121.77.

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 earnings per share for the quarter, beating the consensus estimate of $1.79 by $0.29. Ryman Hospitality Properties had a return on equity of 49.23% and a net margin of 11.61%. The firm had revenue of $587.28 million for the quarter, compared to analysts' expectations of $546.52 million. During the same quarter last year, the firm posted $1.60 EPS. The company's revenue was up 11.2% compared to the same quarter last year. Equities analysts expect that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.

Ryman Hospitality Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a $1.15 dividend. The ex-dividend date is Monday, June 30th. This represents a $4.60 annualized dividend and a yield of 4.73%. Ryman Hospitality Properties's payout ratio is currently 97.46%.

Analyst Ratings Changes

RHP has been the topic of a number of recent analyst reports. Wall Street Zen upgraded Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a report on Saturday, March 1st. Jefferies Financial Group cut their price target on shares of Ryman Hospitality Properties from $118.00 to $100.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Truist Financial decreased their price objective on shares of Ryman Hospitality Properties from $127.00 to $120.00 and set a "buy" rating for the company in a report on Friday. Wells Fargo & Company reiterated an "overweight" rating and issued a $101.00 target price (up from $99.00) on shares of Ryman Hospitality Properties in a research note on Thursday, May 22nd. Finally, Evercore ISI decreased their price target on shares of 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. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Ryman Hospitality Properties presently has an average rating of "Moderate Buy" and a consensus price target of $112.00.

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.