Two Sigma Advisers LP Sells 5,000 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Two Sigma Advisers LP lessened its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 71.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,000 shares of the real estate investment trust's stock after selling 5,000 shares during the period. Two Sigma Advisers LP's holdings in Ryman Hospitality Properties were worth $209,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Harvest Fund Management Co. Ltd bought a new stake in shares of Ryman Hospitality Properties in the fourth quarter valued at about $72,000. Venturi Wealth Management LLC bought a new stake in shares of Ryman Hospitality Properties in the fourth quarter valued at about $83,000. Covestor Ltd lifted its stake in shares of Ryman Hospitality Properties by 33.3% in the fourth quarter. Covestor Ltd now owns 829 shares of the real estate investment trust's stock valued at $87,000 after buying an additional 207 shares during the period. Blue Trust Inc. raised its position in 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 worth $91,000 after purchasing an additional 160 shares in the last quarter. Finally, FIL Ltd raised its position in Ryman Hospitality Properties by 44.5% in the fourth quarter. FIL Ltd now owns 929 shares of the real estate investment trust's stock worth $97,000 after purchasing an additional 286 shares in the last quarter. Institutional investors own 94.48% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on RHP shares. Wedbush set a $110.00 price target on shares of Ryman Hospitality Properties and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. Wells Fargo & Company reaffirmed an "overweight" rating and set a $101.00 target price (up previously from $99.00) on shares of Ryman Hospitality Properties in a report on Thursday, May 22nd. Jefferies Financial Group reduced 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. Truist Financial reduced their price target on shares of Ryman Hospitality Properties from $127.00 to $120.00 and set a "buy" rating on the stock in a research report on Friday, May 30th. Finally, Wall Street Zen upgraded shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a report on Saturday, March 1st. 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. According to MarketBeat, Ryman Hospitality Properties has a consensus rating of "Moderate Buy" and a consensus target price of $112.00.

Ryman Hospitality Properties Trading Up 0.8%

Shares of RHP stock opened at $96.75 on Friday. Ryman Hospitality Properties, Inc. has a 1-year low of $76.27 and a 1-year high of $121.77. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 6.07. The stock has a 50-day moving average of $91.38 and a 200-day moving average of $99.73. The stock has a market cap of $5.81 billion, a price-to-earnings ratio of 22.04, a PEG ratio of 2.71 and a beta of 1.58.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $2.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $587.28 million for the quarter, compared to analyst estimates of $546.52 million. During the same period in the previous year, the company posted $1.60 EPS. The firm's revenue for the quarter was up 11.2% compared to the same quarter last year. On average, equities research analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current year.

Ryman Hospitality Properties Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend is Monday, June 30th. This represents a $4.60 dividend on an annualized basis and a yield of 4.75%. Ryman Hospitality Properties's payout ratio is 97.46%.

About Ryman Hospitality Properties

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.

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