Penn Capital Management Company LLC Sells 6,924 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Penn Capital Management Company LLC decreased its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 5.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 121,747 shares of the real estate investment trust's stock after selling 6,924 shares during the quarter. Penn Capital Management Company LLC owned about 0.20% of Ryman Hospitality Properties worth $12,703,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in RHP. Heck Capital Advisors LLC purchased a new stake in Ryman Hospitality Properties in the fourth quarter worth about $31,000. Harvest Fund Management Co. Ltd bought a new position in Ryman Hospitality Properties in the fourth quarter worth $72,000. Venturi Wealth Management LLC purchased a new stake in shares of Ryman Hospitality Properties in the 4th quarter worth about $83,000. Covestor Ltd increased its stake in shares of Ryman Hospitality Properties by 33.3% in the 4th quarter. Covestor Ltd now owns 829 shares of the real estate investment trust's stock worth $87,000 after acquiring an additional 207 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in Ryman Hospitality Properties by 23.4% during the 4th quarter. Blue Trust Inc. now owns 845 shares of the real estate investment trust's stock valued at $91,000 after acquiring an additional 160 shares during the period. 94.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

RHP has been the subject of a number of analyst reports. Jefferies Financial Group decreased their target price on shares of 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. Evercore ISI lowered their price objective on Ryman Hospitality Properties from $130.00 to $120.00 and set an "outperform" rating for the company in a research note on Monday. Wells Fargo & Company reduced their price target on Ryman Hospitality Properties from $130.00 to $122.00 and set an "overweight" rating for the company in a report on Tuesday, February 18th. StockNews.com raised Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research report on Saturday, March 1st. Finally, 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 note on Friday, March 21st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $119.71.

Ryman Hospitality Properties Stock Performance

Ryman Hospitality Properties stock traded up $0.30 during midday trading on Tuesday, reaching $87.71. 120,090 shares of the company traded hands, compared to its average volume of 611,857. Ryman Hospitality Properties, Inc. has a 12 month low of $76.27 and a 12 month high of $121.77. 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 business has a 50 day moving average of $91.67 and a two-hundred day moving average of $102.60. The firm has a market capitalization of $5.26 billion, a price-to-earnings ratio of 19.96, a price-to-earnings-growth ratio of 2.71 and a beta of 1.38.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 EPS for the quarter, beating analysts' consensus estimates of $1.21 by $0.94. The company had revenue of $647.63 million during the quarter, compared to analyst estimates of $656.01 million. Ryman Hospitality Properties had a return on equity of 49.23% and a net margin of 11.61%. As a group, research analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current year.

Ryman Hospitality Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $1.15 dividend. The ex-dividend date was Monday, March 31st. This represents a $4.60 dividend on an annualized basis and a dividend yield of 5.24%. Ryman Hospitality Properties's payout ratio is currently 104.78%.

Insider Transactions at Ryman Hospitality Properties

In related news, Chairman Colin V. Reed bought 8,231 shares of the company's stock in a transaction on Wednesday, February 26th. The shares were acquired at an average cost of $97.54 per share, for a total transaction of $802,851.74. Following the purchase, the chairman now directly owns 832,260 shares of the company's stock, valued at approximately $81,178,640.40. The trade was 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 at this link. Also, Director Alvin L. Bowles, Jr. sold 473 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $97.03, for a total value 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. This trade represents a 15.03 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.00% of the company's stock.

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.