Graham Capital Management L.P. Has $813,000 Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Graham Capital Management L.P. trimmed its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 50.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,796 shares of the real estate investment trust's stock after selling 7,790 shares during the quarter. Graham Capital Management L.P.'s holdings in Ryman Hospitality Properties were worth $813,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the stock. Deutsche Bank AG lifted its position in shares of Ryman Hospitality Properties by 4.0% in the fourth quarter. Deutsche Bank AG now owns 852,624 shares of the real estate investment trust's stock worth $88,963,000 after purchasing an additional 32,518 shares in the last quarter. DigitalBridge Group Inc. purchased a new stake in shares of Ryman Hospitality Properties in the fourth quarter worth approximately $12,218,000. Cetera Investment Advisers lifted its position in shares of Ryman Hospitality Properties by 2.9% in the fourth quarter. Cetera Investment Advisers now owns 4,469 shares of the real estate investment trust's stock worth $466,000 after purchasing an additional 125 shares in the last quarter. Centiva Capital LP raised its position in Ryman Hospitality Properties by 84.1% during the fourth quarter. Centiva Capital LP now owns 3,792 shares of the real estate investment trust's stock valued at $396,000 after acquiring an additional 1,732 shares in the last quarter. Finally, BOKF NA raised its position in Ryman Hospitality Properties by 16.1% during the fourth quarter. BOKF NA now owns 6,722 shares of the real estate investment trust's stock valued at $685,000 after acquiring an additional 934 shares in the last quarter. 94.48% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Ryman Hospitality Properties

In other news, Director Alvin L. Bowles, Jr. sold 473 shares of the firm's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $97.03, for a total value of $45,895.19. Following the sale, the director now owns 2,675 shares in the company, valued at approximately $259,555.25. This trade represents a 15.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Colin V. Reed acquired 8,231 shares of the stock in a transaction dated Wednesday, February 26th. The stock was bought at an average price of $97.54 per share, for a total transaction of $802,851.74. Following the purchase, the chairman now owns 832,260 shares of the company's stock, valued at $81,178,640.40. The trade was a 1.00% increase in their position. The disclosure for this purchase can be found here. 5.00% of the stock is currently owned by corporate insiders.

Ryman Hospitality Properties Stock Performance

Shares of NYSE:RHP traded up $0.98 during trading on Friday, reaching $99.10. The stock had a trading volume of 687,889 shares, compared to its average volume of 621,962. Ryman Hospitality Properties, Inc. has a 52 week low of $76.27 and a 52 week high of $121.77. The firm has a market capitalization of $5.95 billion, a price-to-earnings ratio of 22.57, a P/E/G ratio of 2.71 and a beta of 1.55. 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 stock has a fifty day simple moving average of $90.84 and a two-hundred day simple moving average of $101.33.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $2.08 EPS for the quarter, beating analysts' consensus estimates of $1.79 by $0.29. The company had revenue of $587.28 million for the quarter, compared to analyst estimates of $546.52 million. Ryman Hospitality Properties had a net margin of 11.61% and a return on equity of 49.23%. The company's quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.60 earnings per share. As a group, analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share 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 paid a $1.15 dividend. The ex-dividend date is Monday, June 30th. This represents a $4.60 annualized dividend and a dividend yield of 4.64%. Ryman Hospitality Properties's payout ratio is 97.46%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Wedbush set a $110.00 price objective on shares of Ryman Hospitality Properties and gave the company an "outperform" rating in a research report on Tuesday, May 6th. Jefferies Financial Group cut their price objective 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. Wells Fargo & Company cut their price objective on shares of Ryman Hospitality Properties from $130.00 to $122.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 18th. Evercore ISI cut their price objective 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. Finally, StockNews.com raised shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research report on Saturday, March 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Ryman Hospitality Properties has a consensus rating of "Moderate Buy" and a consensus price target of $116.00.

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.