Vident Advisory LLC Lowers Stock Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Vident Advisory LLC cut its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 33.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Heck Capital Advisors LLC bought a new stake in shares of Ryman Hospitality Properties during the fourth quarter worth approximately $31,000. Harvest Fund Management Co. Ltd acquired a new position in Ryman Hospitality Properties during the fourth quarter worth $72,000. Venturi Wealth Management LLC bought a new stake in Ryman Hospitality Properties during the fourth quarter worth $83,000. Covestor Ltd raised its position in Ryman Hospitality Properties by 33.3% during 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 in the last quarter. Finally, Blue Trust Inc. raised its position in shares of Ryman Hospitality Properties by 23.4% in the fourth quarter. Blue Trust Inc. now owns 845 shares of the real estate investment trust's stock valued at $91,000 after purchasing an additional 160 shares during the period. 94.48% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

RHP has been the topic of a number of recent research reports. Truist Financial lowered their price target on shares of Ryman Hospitality Properties from $133.00 to $127.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. Wells Fargo & Company restated an "overweight" rating and issued a $101.00 price target (up from $99.00) on shares of Ryman Hospitality Properties in a research note on Thursday, May 22nd. Wedbush set a $110.00 target price on shares of Ryman Hospitality Properties and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. Jefferies Financial Group dropped 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 research report on Wednesday, April 9th. Finally, Evercore ISI dropped their price target on shares of Ryman Hospitality Properties from $130.00 to $120.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Ryman Hospitality Properties currently has a consensus rating of "Moderate Buy" and a consensus target price of $113.00.

Ryman Hospitality Properties Stock Up 0.5%

RHP stock traded up $0.50 during midday trading on Friday, reaching $97.84. 101,923 shares of the company's stock traded hands, compared to its average volume of 641,383. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 6.07. The company has a market cap of $5.87 billion, a price-to-earnings ratio of 22.28, a P/E/G ratio of 2.71 and a beta of 1.55. The firm's fifty day moving average price is $90.93 and its 200-day moving average price is $100.46. 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 posted its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $2.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.79 by $0.29. The firm had revenue of $587.28 million for 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%. The business's revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.60 EPS. As a group, sell-side analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 4.70%. Ryman Hospitality Properties's dividend payout ratio (DPR) is currently 97.46%.

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.