SG Americas Securities LLC Sells 13,085 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

SG Americas Securities LLC cut its position in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 88.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,746 shares of the real estate investment trust's stock after selling 13,085 shares during the quarter. SG Americas Securities LLC's holdings in Ryman Hospitality Properties were worth $192,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Ryman Hospitality Properties by 2.7% during the 3rd quarter. Vanguard Group Inc. now owns 8,307,026 shares of the real estate investment trust's stock valued at $691,809,000 after purchasing an additional 216,137 shares during the last quarter. BlackRock Inc. grew its holdings in Ryman Hospitality Properties by 8.5% during the 1st quarter. BlackRock Inc. now owns 5,908,332 shares of the real estate investment trust's stock worth $530,155,000 after acquiring an additional 464,016 shares during the last quarter. FMR LLC grew its holdings in Ryman Hospitality Properties by 2.9% during the 3rd quarter. FMR LLC now owns 4,097,388 shares of the real estate investment trust's stock worth $341,230,000 after acquiring an additional 114,451 shares during the last quarter. State Street Corp grew its holdings in Ryman Hospitality Properties by 4.6% during the 2nd quarter. State Street Corp now owns 2,765,963 shares of the real estate investment trust's stock worth $259,714,000 after acquiring an additional 121,348 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in Ryman Hospitality Properties by 16.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,071,299 shares of the real estate investment trust's stock worth $192,155,000 after acquiring an additional 287,880 shares during the last quarter. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Raymond James boosted their target price on shares of Ryman Hospitality Properties from $115.00 to $135.00 and gave the stock an "outperform" rating in a report on Friday, February 2nd. Wells Fargo & Company upped their price objective on shares of Ryman Hospitality Properties from $125.00 to $133.00 and gave the company an "overweight" rating in a research note on Thursday, March 21st. Truist Financial upped their price objective on shares of Ryman Hospitality Properties from $134.00 to $135.00 and gave the company a "buy" rating in a research note on Thursday, March 14th. Finally, StockNews.com raised shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research note on Friday, February 23rd. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $118.00.

Ryman Hospitality Properties Stock Down 1.5 %

RHP traded down $1.68 during trading on Friday, hitting $111.05. 393,385 shares of the company's stock were exchanged, compared to its average volume of 392,433. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 5.90. The business's 50 day moving average is $116.10 and its two-hundred day moving average is $105.48. Ryman Hospitality Properties, Inc. has a fifty-two week low of $79.86 and a fifty-two week high of $122.91. The stock has a market cap of $6.65 billion, a P/E ratio of 21.44, a PEG ratio of 0.78 and a beta of 1.57.

Ryman Hospitality Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be issued a $1.10 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $4.40 annualized dividend and a dividend yield of 3.96%. Ryman Hospitality Properties's dividend payout ratio is currently 84.94%.

Insider Activity

In other news, COO Patrick S. Chaffin sold 16,189 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $119.74, for a total value of $1,938,470.86. Following the completion of the sale, the chief operating officer now owns 17,618 shares in the company, valued at $2,109,579.32. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.30% of the stock is currently owned by corporate insiders.

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.