Adelante Capital Management LLC Sells 208,722 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Adelante Capital Management LLC decreased its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 72.5% in the third quarter, Holdings Channel.com reports. The firm owned 79,267 shares of the real estate investment trust’s stock after selling 208,722 shares during the period. Adelante Capital Management LLC’s holdings in Ryman Hospitality Properties were worth $8,501,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in RHP. GAMMA Investing LLC boosted its holdings in Ryman Hospitality Properties by 34.6% in the third quarter. GAMMA Investing LLC now owns 401 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 103 shares in the last quarter. Avior Wealth Management LLC boosted its stake in Ryman Hospitality Properties by 44.9% in the 3rd quarter. Avior Wealth Management LLC now owns 442 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 137 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in Ryman Hospitality Properties by 0.4% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 39,256 shares of the real estate investment trust’s stock worth $3,829,000 after purchasing an additional 138 shares in the last quarter. Xponance Inc. increased its stake in Ryman Hospitality Properties by 4.6% during the 2nd quarter. Xponance Inc. now owns 3,714 shares of the real estate investment trust’s stock valued at $371,000 after purchasing an additional 162 shares in the last quarter. Finally, Captrust Financial Advisors raised its holdings in Ryman Hospitality Properties by 4.2% in the third quarter. Captrust Financial Advisors now owns 5,283 shares of the real estate investment trust’s stock worth $567,000 after buying an additional 213 shares during the last quarter. 94.48% of the stock is owned by institutional investors.

Ryman Hospitality Properties Price Performance

NYSE RHP opened at $117.24 on Friday. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.73. Ryman Hospitality Properties, Inc. has a 1-year low of $93.76 and a 1-year high of $122.91. The stock has a market capitalization of $7.02 billion, a price-to-earnings ratio of 20.82, a PEG ratio of 2.96 and a beta of 1.65. The business’s fifty day moving average price is $111.08 and its 200-day moving average price is $104.84.

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

Ryman Hospitality Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $1.15 per share. This is a boost from Ryman Hospitality Properties’s previous quarterly dividend of $1.10. This represents a $4.60 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date of this dividend is Tuesday, December 31st. Ryman Hospitality Properties’s dividend payout ratio is currently 78.15%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on RHP. Truist Financial increased their price target on shares of Ryman Hospitality Properties from $130.00 to $136.00 and gave the company a “buy” rating in a report on Monday, November 18th. 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 decreased their price target on Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating for the company in a research note on Friday, September 13th. Finally, StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $126.17.

Insiders Place Their Bets

In related news, 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 transaction of $96,588.00. Following the completion of the transaction, the director now directly owns 3,148 shares in the company, valued at approximately $337,843.36. The trade was a 22.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Fazal F. Merchant sold 1,269 shares of the firm’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 transaction of $144,640.62. Following the sale, the director now owns 4,825 shares in the company, valued at approximately $549,953.50. The trade was a 20.82 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.00% 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.