Tudor Investment Corp ET AL Sells 9,168 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Tudor Investment Corp ET AL reduced its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 44.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,416 shares of the real estate investment trust's stock after selling 9,168 shares during the quarter. Tudor Investment Corp ET AL's holdings in Ryman Hospitality Properties were worth $1,191,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of RHP. Principal Financial Group Inc. lifted its stake in Ryman Hospitality Properties by 41.9% during 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 acquiring an additional 931,283 shares during the period. Cooke & Bieler LP bought a new position in Ryman Hospitality Properties during the fourth quarter valued at approximately $74,811,000. Hamlin Capital Management LLC bought a new position in Ryman Hospitality Properties during the fourth quarter valued at approximately $65,142,000. Norges Bank purchased a new stake in Ryman Hospitality Properties in the fourth quarter worth approximately $29,448,000. Finally, Victory Capital Management Inc. grew its position in Ryman Hospitality Properties by 87.3% in the 4th quarter. Victory Capital Management Inc. now owns 547,639 shares of the real estate investment trust's stock worth $57,141,000 after purchasing an additional 255,229 shares during the period. 94.48% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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 value of $45,895.19. Following the sale, 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Colin V. Reed acquired 8,231 shares of the company's stock in a transaction on Wednesday, February 26th. The shares were bought at an average cost of $97.54 per share, with a total value of $802,851.74. Following the acquisition, the chairman now directly owns 832,260 shares in the company, 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.

Analyst Upgrades and Downgrades

RHP has been the topic of several research analyst reports. Evercore ISI lowered their price target on Ryman Hospitality Properties from $130.00 to $120.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Wells Fargo & Company lowered their target price on Ryman Hospitality Properties from $130.00 to $122.00 and set an "overweight" rating on the stock in a report on Tuesday, February 18th. StockNews.com upgraded Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research note on Saturday, March 1st. Jefferies Financial Group lowered 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 note on Wednesday, April 9th. Finally, Truist Financial dropped their price objective on shares of Ryman Hospitality Properties from $133.00 to $127.00 and set a "buy" rating on the stock in a report on Friday, March 21st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $119.71.

Ryman Hospitality Properties Stock Up 1.4 %

RHP stock opened at $94.88 on Tuesday. The business's 50-day moving average price is $90.82 and its 200-day moving average price is $101.87. The stock has a market cap of $5.69 billion, a P/E ratio of 21.61, a PEG ratio of 2.71 and a beta of 1.38. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 6.07. Ryman Hospitality Properties, Inc. has a twelve month low of $76.27 and a twelve month high of $121.77.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $2.08 earnings per share for the quarter, beating the consensus estimate of $1.79 by $0.29. The business had revenue of $587.28 million for the quarter, compared to the consensus estimate 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 revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.60 earnings per share. On average, equities research analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.

Ryman Hospitality Properties Dividend Announcement

The firm also recently declared 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 yield of 4.85%. Ryman Hospitality Properties's payout ratio is presently 104.78%.

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.

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