Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Sold by Voloridge Investment Management LLC

Voloridge Investment Management LLC reduced its position in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 91.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,135 shares of the real estate investment trust's stock after selling 147,033 shares during the quarter. Voloridge Investment Management LLC's holdings in Ryman Hospitality Properties were worth $1,475,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Heck Capital Advisors LLC acquired a new stake in Ryman Hospitality Properties during the 4th quarter worth $31,000. Harvest Fund Management Co. Ltd acquired a new position in Ryman Hospitality Properties in the fourth quarter valued at $72,000. Venturi Wealth Management LLC purchased a new stake in shares of Ryman Hospitality Properties in the fourth quarter valued at about $83,000. Covestor Ltd boosted its stake in shares of 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 buying an additional 207 shares during the period. Finally, Blue Trust Inc. boosted its stake in shares of Ryman Hospitality Properties by 23.4% during the fourth quarter. Blue Trust Inc. now owns 845 shares of the real estate investment trust's stock worth $91,000 after buying an additional 160 shares during the period. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Ryman Hospitality Properties Stock Performance

Shares of RHP stock traded down $0.24 during trading hours on Monday, reaching $96.87. 511,324 shares of the company's stock were exchanged, compared to its average volume of 645,215. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.73. The company's 50 day moving average is $91.03 and its two-hundred day moving average is $100.07. The company has a market cap of $5.81 billion, a P/E ratio of 22.07, a price-to-earnings-growth ratio of 2.71 and a beta of 1.55. Ryman Hospitality Properties, Inc. has a 1 year low of $76.27 and a 1 year high of $121.77.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $2.08 earnings per share for the quarter, topping 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 firm had revenue of $587.28 million for the quarter, compared to analyst estimates of $546.52 million. During the same quarter in the prior year, the company posted $1.60 earnings per share. Ryman Hospitality Properties's quarterly revenue was up 11.2% on a year-over-year basis. Equities research analysts anticipate 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. Investors of record on Monday, June 30th will be paid a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 4.75%. The ex-dividend date of this dividend is Monday, June 30th. Ryman Hospitality Properties's dividend payout ratio (DPR) is 97.46%.

Wall Street Analyst Weigh In

Several analysts have commented on RHP shares. Wall Street Zen raised Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research note on Saturday, March 1st. Wedbush set a $110.00 target price on Ryman Hospitality Properties and gave the company an "outperform" rating in a report on Tuesday, May 6th. Jefferies Financial Group cut their price target on 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. Truist Financial lowered their price objective 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. Finally, Wells Fargo & Company reissued an "overweight" rating and issued a $101.00 price objective (up from $99.00) on shares of Ryman Hospitality Properties in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, Ryman Hospitality Properties has an average rating of "Moderate Buy" and an average target price 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.