Schonfeld Strategic Advisors LLC Grows Holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Schonfeld Strategic Advisors LLC increased its position in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 574.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 183,777 shares of the real estate investment trust's stock after acquiring an additional 156,545 shares during the period. Schonfeld Strategic Advisors LLC owned about 0.31% of Ryman Hospitality Properties worth $19,175,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Heck Capital Advisors LLC purchased a new position in shares of Ryman Hospitality Properties in the fourth quarter worth approximately $31,000. Harvest Fund Management Co. Ltd bought a new position in Ryman Hospitality Properties in the 4th quarter worth $72,000. Venturi Wealth Management LLC purchased a new position in Ryman Hospitality Properties during the fourth quarter valued at $83,000. Covestor Ltd raised its stake in shares of Ryman Hospitality Properties by 33.3% in 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. lifted its position in shares of 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 buying an additional 160 shares in the last quarter. Institutional investors own 94.48% of the company's stock.

Insider Transactions at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Director Alvin L. Bowles, Jr. sold 473 shares of Ryman Hospitality Properties stock in a transaction on Wednesday, February 26th. The shares were 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 of the company's stock, valued at $259,555.25. The trade was a 15.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Colin V. Reed acquired 8,231 shares of the business's stock in a transaction on Wednesday, February 26th. The shares were purchased at an average price of $97.54 per share, for a total transaction of $802,851.74. Following the transaction, 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 disclosure for this purchase can be found here. Company insiders own 5.00% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. StockNews.com upgraded shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research note on Saturday, March 1st. 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. Wells Fargo & Company lowered their price objective on 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. Truist Financial lowered their price target on Ryman Hospitality Properties from $133.00 to $127.00 and set a "buy" rating on the stock in a report on Friday, March 21st. Finally, Evercore ISI lowered their target price on shares of Ryman Hospitality Properties from $130.00 to $120.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. One equities research 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's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $119.71.

Ryman Hospitality Properties Price Performance

Shares of RHP stock traded up $5.52 on Friday, reaching $93.61. The company's stock had a trading volume of 1,043,409 shares, compared to its average volume of 618,427. The company has a market capitalization of $5.62 billion, a price-to-earnings ratio of 21.32, a price-to-earnings-growth ratio of 2.71 and a beta of 1.38. The stock's fifty day simple moving average is $90.86 and its 200-day simple moving average is $102.11. 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, 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 posted its earnings results 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 net margin of 11.61% and a return on equity of 49.23%. The firm had revenue of $587.28 million for the quarter, compared to the consensus estimate of $546.52 million. During the same period in the previous year, the firm posted $1.60 EPS. The business's quarterly revenue was up 11.2% on a year-over-year basis. Analysts forecast 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 was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 4.91%. The ex-dividend date of this dividend was Monday, March 31st. 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.