MetLife Investment Management LLC Sells 648 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

MetLife Investment Management LLC trimmed its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 1.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 34,995 shares of the real estate investment trust’s stock after selling 648 shares during the quarter. MetLife Investment Management LLC owned 0.06% of Ryman Hospitality Properties worth $3,753,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Fifth Third Bancorp increased its position in shares of Ryman Hospitality Properties by 347.6% during the second quarter. Fifth Third Bancorp now owns 282 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 219 shares during the period. SYSTM Wealth Solutions LLC purchased a new position in Ryman Hospitality Properties during the second quarter valued at approximately $32,000. Quest Partners LLC increased its holdings in Ryman Hospitality Properties by 8,450.0% during the 2nd quarter. Quest Partners LLC now owns 342 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 338 shares during the period. GAMMA Investing LLC lifted its stake in Ryman Hospitality Properties by 34.6% in the 3rd quarter. GAMMA Investing LLC now owns 401 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 103 shares in the last quarter. Finally, Avior Wealth Management LLC boosted its holdings 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 valued at $47,000 after purchasing an additional 137 shares during the period. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Insiders Place Their Bets

In other news, Director Fazal F. Merchant sold 1,269 shares of Ryman Hospitality Properties stock in a transaction dated 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 approximately $549,953.50. The trade was a 20.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alvin L. Bowles, Jr. sold 900 shares of the stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $107.32, for a total value of $96,588.00. Following the sale, the director now owns 3,148 shares of the company’s stock, valued at $337,843.36. This represents a 22.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by insiders.

Ryman Hospitality Properties Price Performance

Shares of Ryman Hospitality Properties stock opened at $117.59 on Tuesday. The firm has a market capitalization of $7.04 billion, a PE ratio of 20.89, a price-to-earnings-growth ratio of 2.96 and a beta of 1.65. 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 12 month low of $93.76 and a 12 month high of $122.91. The business’s 50-day moving average price is $111.23 and its 200-day moving average price is $104.90.

Ryman Hospitality Properties (NYSE:RHP) last issued its quarterly 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). The business had revenue of $549.90 million for the quarter, compared to the consensus estimate of $545.93 million. Ryman Hospitality Properties had a net margin of 14.84% and a return on equity of 61.94%. The firm’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.73 earnings per share. Sell-side analysts forecast that Ryman Hospitality Properties, Inc. will post 8.44 EPS for the current fiscal year.

Ryman Hospitality Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a boost from Ryman Hospitality Properties’s previous quarterly dividend of $1.10. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 78.15%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on RHP. StockNews.com raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Friday, August 9th. Jefferies Financial Group initiated coverage on Ryman Hospitality Properties in a research note on Wednesday, November 6th. They issued a “buy” rating and a $130.00 target price on the stock. Truist Financial boosted their price objective on Ryman Hospitality Properties from $130.00 to $136.00 and gave the stock a “buy” rating in a report on Monday, November 18th. Finally, Wells Fargo & Company lowered their target price on shares of 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. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $126.17.

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.