Quadrature Capital Ltd Trims Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Quadrature Capital Ltd trimmed its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 76.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 2,571 shares of the real estate investment trust’s stock after selling 8,246 shares during the period. Quadrature Capital Ltd’s holdings in Ryman Hospitality Properties were worth $276,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. PGGM Investments bought a new stake in shares of Ryman Hospitality Properties during the second quarter valued at approximately $7,512,000. Panagora Asset Management Inc. increased its holdings in Ryman Hospitality Properties by 11.2% during the 2nd 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. raised its position in Ryman Hospitality Properties by 0.8% during the 2nd quarter. American Century Companies Inc. now owns 1,586,256 shares of the real estate investment trust’s stock valued at $158,404,000 after purchasing an additional 12,058 shares in the last quarter. Magnetar Financial LLC purchased a new stake in shares of Ryman Hospitality Properties in the 2nd quarter worth $4,390,000. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of Ryman Hospitality Properties by 133.1% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 4,701 shares of the real estate investment trust’s stock worth $469,000 after buying an additional 2,684 shares in the last quarter. 94.48% of the stock is currently owned by institutional investors.

Insider Activity

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

Analyst Ratings Changes

Several analysts recently weighed in on RHP shares. Wells Fargo & Company lifted their price objective on Ryman Hospitality Properties from $124.00 to $130.00 and gave the company an “overweight” rating in a report on Monday. Truist Financial upped their price target on shares of Ryman Hospitality Properties from $130.00 to $136.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. BMO Capital Markets initiated coverage on shares of Ryman Hospitality Properties in a research note on Monday. They set an “outperform” rating and a $133.00 price objective on the stock. Finally, Jefferies Financial Group began coverage on shares of Ryman Hospitality Properties in a research note on Wednesday, November 6th. They issued a “buy” rating and a $130.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $129.29.

Ryman Hospitality Properties Trading Down 0.4 %

NYSE RHP opened at $117.58 on Wednesday. The firm has a market cap of $7.04 billion, a PE ratio of 20.88, a price-to-earnings-growth ratio of 2.98 and a beta of 1.65. Ryman Hospitality Properties, Inc. has a 52 week low of $93.76 and a 52 week high of $122.91. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 6.07. The company has a 50 day moving average price of $112.30 and a 200 day moving average price of $105.48.

Ryman Hospitality Properties (NYSE:RHP) last issued its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.94 EPS for the quarter, missing the consensus estimate 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 business had revenue of $549.90 million for the quarter, compared to analysts’ expectations of $545.93 million. During the same quarter in the prior year, the company posted $1.73 EPS. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. As a group, 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 declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $1.15 per share. This is a positive change from Ryman Hospitality Properties’s previous quarterly dividend of $1.10. The ex-dividend date is Tuesday, December 31st. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.91%. Ryman Hospitality Properties’s payout ratio is presently 78.15%.

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.