Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Sold by Vident Advisory LLC

Vident Advisory LLC decreased its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 33.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,246 shares of the real estate investment trust's stock after selling 3,642 shares during the period. Vident Advisory LLC's holdings in Ryman Hospitality Properties were worth $756,000 at the end of the most recent reporting period.

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

Ryman Hospitality Properties Stock Down 0.9%

NYSE:RHP traded down $0.92 during trading hours on Wednesday, reaching $96.48. The company's stock had a trading volume of 626,704 shares, compared to its average volume of 640,802. The stock has a 50 day moving average price of $90.91 and a two-hundred day moving average price of $100.57. 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 capitalization of $5.79 billion, a P/E ratio of 21.98, a price-to-earnings-growth ratio of 2.71 and a beta of 1.55. 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 announced its 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. The company had revenue of $587.28 million during 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%. Ryman Hospitality Properties's revenue was up 11.2% compared to the same quarter last year. During the same period last year, the firm earned $1.60 earnings per share. Equities analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a $1.15 dividend. The ex-dividend date is Monday, June 30th. This represents a $4.60 annualized dividend and a dividend yield of 4.77%. Ryman Hospitality Properties's dividend payout ratio (DPR) is presently 97.46%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on RHP. Truist Financial lowered their target price on Ryman Hospitality Properties from $133.00 to $127.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Jefferies Financial Group dropped 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 research note on Wednesday, April 9th. Evercore ISI reduced their target price on shares of Ryman Hospitality Properties from $130.00 to $120.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Wedbush set a $110.00 price target on shares of Ryman Hospitality Properties and gave the company an "outperform" rating in a report on Tuesday, May 6th. Finally, Wall Street Zen upgraded Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research report on Saturday, March 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $113.00.

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.