Algert Global LLC Sells 15,581 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Algert Global LLC decreased its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 18.7% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 67,786 shares of the real estate investment trust’s stock after selling 15,581 shares during the quarter. Algert Global LLC’s holdings in Ryman Hospitality Properties were worth $7,269,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. raised its stake in Ryman Hospitality Properties by 378.7% in the second quarter. Harbor Capital Advisors Inc. now owns 21,329 shares of the real estate investment trust’s stock valued at $2,130,000 after buying an additional 16,873 shares during the period. PGGM Investments bought a new position in shares of Ryman Hospitality Properties during the second quarter worth approximately $7,512,000. Panagora Asset Management Inc. increased its stake in shares of Ryman Hospitality Properties by 11.2% during the second quarter. Panagora Asset Management Inc. now owns 222,745 shares of the real estate investment trust’s stock worth $22,243,000 after purchasing an additional 22,428 shares during the period. American Century Companies Inc. increased its stake in shares of Ryman Hospitality Properties by 0.8% during the second quarter. American Century Companies Inc. now owns 1,586,256 shares of the real estate investment trust’s stock worth $158,404,000 after purchasing an additional 12,058 shares during the period. Finally, Magnetar Financial LLC bought a new position in shares of Ryman Hospitality Properties during the second quarter worth approximately $4,390,000. Institutional investors own 94.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on RHP. JPMorgan Chase & Co. increased their target price on Ryman Hospitality Properties from $104.00 to $105.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Jefferies Financial Group began coverage on Ryman Hospitality Properties in a research note on Wednesday, November 6th. They set a “buy” rating and a $130.00 target price on the stock. Wells Fargo & Company lowered their target price on Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating on the stock in a research note on Friday, September 13th. Truist Financial raised their price objective on Ryman Hospitality Properties from $130.00 to $136.00 and gave the stock a “buy” rating in a research note on Monday, November 18th. Finally, StockNews.com upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Ryman Hospitality Properties presently has a consensus rating of “Moderate Buy” and an average target price of $126.17.

Insider Buying and Selling at Ryman Hospitality Properties

In other news, Director Fazal F. Merchant sold 1,269 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $113.98, for a total value of $144,640.62. Following the transaction, the director now owns 4,825 shares in the company, valued at $549,953.50. The trade was a 20.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Alvin L. Bowles, Jr. sold 900 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $107.32, for a total value of $96,588.00. Following the completion of the transaction, the director now owns 3,148 shares in the company, valued at $337,843.36. The trade was a 22.23 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.00% of the company’s stock.

Ryman Hospitality Properties Stock Performance

RHP stock opened at $115.71 on Friday. The stock has a 50-day moving average price of $109.90 and a 200-day moving average price of $104.44. Ryman Hospitality Properties, Inc. has a 1-year low of $93.76 and a 1-year high of $122.91. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 6.07. The firm has a market cap of $6.93 billion, a PE ratio of 20.55, a price-to-earnings-growth ratio of 2.00 and a beta of 1.65.

Ryman Hospitality Properties (NYSE:RHP) last issued its earnings results on Monday, November 4th. The real estate investment trust reported $0.94 EPS for the quarter, missing analysts’ consensus estimates of $1.83 by ($0.89). Ryman Hospitality Properties had a net margin of 14.84% and a return on equity of 61.94%. The firm had revenue of $549.90 million during the quarter, compared to the consensus estimate of $545.93 million. During the same period in the previous year, the firm earned $1.73 earnings per share. The business’s quarterly revenue was up 4.0% on a year-over-year basis. As a group, equities research analysts expect that Ryman Hospitality Properties, Inc. will post 8.44 earnings per share for the current year.

Ryman Hospitality Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $1.15 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $4.60 dividend on an annualized basis and a yield of 3.98%. This is an increase from Ryman Hospitality Properties’s previous quarterly dividend of $1.10. Ryman Hospitality Properties’s payout ratio is 78.15%.

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.