Nebula Research & Development LLC Sells 9,393 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Nebula Research & Development LLC lowered its position in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 72.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,573 shares of the real estate investment trust's stock after selling 9,393 shares during the period. Nebula Research & Development LLC's holdings in Ryman Hospitality Properties were worth $373,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its position in Ryman Hospitality Properties by 41.9% in the 3rd quarter. Principal Financial Group Inc. now owns 3,153,360 shares of the real estate investment trust's stock valued at $338,168,000 after purchasing an additional 931,283 shares during the period. Barclays PLC increased its position in shares of Ryman Hospitality Properties by 238.2% during the third quarter. Barclays PLC now owns 108,345 shares of the real estate investment trust's stock worth $11,619,000 after acquiring an additional 76,311 shares in the last quarter. Tidal Investments LLC raised its holdings in shares of Ryman Hospitality Properties by 2.1% in the 3rd quarter. Tidal Investments LLC now owns 7,264 shares of the real estate investment trust's stock worth $779,000 after acquiring an additional 152 shares during the last quarter. Nordea Investment Management AB lifted its position in Ryman Hospitality Properties by 4.3% in the 4th quarter. Nordea Investment Management AB now owns 111,201 shares of the real estate investment trust's stock valued at $11,689,000 after acquiring an additional 4,592 shares in the last quarter. Finally, Diversified Trust Co boosted its stake in Ryman Hospitality Properties by 9.3% during the 4th quarter. Diversified Trust Co now owns 7,907 shares of the real estate investment trust's stock valued at $825,000 after purchasing an additional 676 shares during the last quarter. Institutional investors and hedge funds own 94.48% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on RHP. Evercore ISI cut their target price on 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. Wells Fargo & Company reduced their target price on shares of Ryman Hospitality Properties from $130.00 to $122.00 and set an "overweight" rating for the company in a research note on Tuesday, February 18th. StockNews.com raised shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research report on Saturday, March 1st. Truist Financial reduced their price objective on shares of 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. Finally, Jefferies Financial Group cut their target price on Ryman Hospitality Properties from $118.00 to $100.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. One investment 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.com, Ryman Hospitality Properties presently has an average rating of "Moderate Buy" and a consensus target price of $119.71.

Insider Transactions at Ryman Hospitality Properties

In related news, Chairman Colin V. Reed bought 8,231 shares of the business's stock in a transaction on Wednesday, February 26th. The stock was acquired at an average price of $97.54 per share, for a total transaction of $802,851.74. Following the purchase, the chairman now directly owns 832,260 shares in the company, valued at $81,178,640.40. This trade represents a 1.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alvin L. Bowles, Jr. sold 473 shares of Ryman Hospitality Properties stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $97.03, for a total transaction of $45,895.19. Following the completion of the transaction, the director now directly owns 2,675 shares in the company, valued at approximately $259,555.25. The trade was a 15.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.00% of the company's stock.

Ryman Hospitality Properties Stock Performance

Shares of NYSE:RHP traded up $5.52 during mid-day trading on Friday, reaching $93.61. The company had a trading volume of 1,043,409 shares, compared to its average volume of 617,465. The company's 50-day moving average price is $90.86 and its 200-day moving average price is $102.11. Ryman Hospitality Properties, Inc. has a one year low of $76.27 and a one year high of $121.77. The firm has a market cap of $5.62 billion, a price-to-earnings ratio of 21.32, a PEG ratio of 2.71 and a beta of 1.38. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 6.07.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last issued its earnings results on Thursday, May 1st. The real estate investment trust reported $2.08 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period in the previous year, the company posted $1.60 earnings per share. The business's revenue was up 11.2% on a year-over-year basis. As a group, equities research analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $1.15 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $4.60 annualized dividend and a dividend yield of 4.91%. Ryman Hospitality Properties's payout ratio is 104.78%.

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.