Emerald Advisers LLC Sells 3,005 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Emerald Advisers LLC decreased its position in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 1.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 172,878 shares of the real estate investment trust's stock after selling 3,005 shares during the quarter. Emerald Advisers LLC owned 0.29% of Ryman Hospitality Properties worth $15,808,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Heck Capital Advisors LLC bought a new stake in Ryman Hospitality Properties in the 4th quarter worth approximately $31,000. Fifth Third Bancorp boosted its holdings in shares of Ryman Hospitality Properties by 175.6% in the 1st quarter. Fifth Third Bancorp now owns 576 shares of the real estate investment trust's stock worth $53,000 after purchasing an additional 367 shares during the period. Harvest Fund Management Co. Ltd purchased a new position in shares of Ryman Hospitality Properties in the 4th quarter worth approximately $72,000. Covestor Ltd boosted its holdings 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 worth $87,000 after purchasing an additional 207 shares during the period. Finally, FIL Ltd boosted its holdings in shares of Ryman Hospitality Properties by 44.5% in 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 period. Institutional investors own 94.48% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on RHP shares. Wells Fargo & Company reiterated an "overweight" rating and issued a $101.00 target price (up previously from $99.00) on shares of Ryman Hospitality Properties in a report on Thursday, May 22nd. Evercore ISI dropped their target price on Ryman Hospitality Properties from $130.00 to $120.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Wedbush set a $110.00 target price on Ryman Hospitality Properties and gave the stock an "outperform" rating in a report on Tuesday, May 6th. Jefferies Financial Group dropped their target price on Ryman Hospitality Properties from $118.00 to $100.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Finally, JPMorgan Chase & Co. assumed coverage on Ryman Hospitality Properties in a report on Monday, June 23rd. They set an "overweight" rating and a $117.00 price objective for the company. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $114.43.

Ryman Hospitality Properties Trading Down 1.1%

RHP traded down $1.10 during trading hours on Friday, reaching $103.35. 357,998 shares of the company's stock traded hands, compared to its average volume of 671,533. The firm has a 50-day moving average price of $98.54 and a 200 day moving average price of $97.37. Ryman Hospitality Properties, Inc. has a 52-week low of $76.27 and a 52-week high of $121.77. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 5.92. The firm has a market capitalization of $6.20 billion, a PE ratio of 21.90, a PEG ratio of 2.78 and a beta of 1.57.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last issued its earnings results on Thursday, May 1st. The real estate investment trust reported $2.08 earnings per share for the quarter, beating analysts' consensus estimates of $1.79 by $0.29. The business had revenue of $587.28 million during the quarter, compared to analyst estimates of $546.52 million. Ryman Hospitality Properties had a return on equity of 51.95% and a net margin of 12.16%. Ryman Hospitality Properties's revenue was up 11.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.60 EPS. As a group, sell-side analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

The company 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. This represents a $4.60 dividend on an annualized basis and a yield of 4.45%. The ex-dividend date is Monday, June 30th. Ryman Hospitality Properties's dividend payout ratio (DPR) is presently 97.46%.

Insiders Place Their Bets

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

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.