Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP trimmed its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 3.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,580,610 shares of the real estate investment trust’s stock after selling 54,591 shares during the quarter. Wellington Management Group LLP owned about 2.64% of Ryman Hospitality Properties worth $164,921,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Quarry LP acquired a new position in Ryman Hospitality Properties during the third quarter worth $28,000. Heck Capital Advisors LLC purchased a new position in shares of Ryman Hospitality Properties during the 4th quarter worth $31,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Ryman Hospitality Properties during the 4th quarter valued at about $72,000. Venturi Wealth Management LLC purchased a new stake in shares of Ryman Hospitality Properties in the fourth quarter valued at about $83,000. Finally, Blue Trust Inc. increased its position in Ryman Hospitality Properties by 23.4% during the fourth quarter. Blue Trust Inc. now owns 845 shares of the real estate investment trust’s stock worth $91,000 after purchasing an additional 160 shares during the last quarter. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Ryman Hospitality Properties Price Performance

RHP stock opened at $94.09 on Thursday. The business’s fifty day moving average price is $99.36 and its 200 day moving average price is $105.96. Ryman Hospitality Properties, Inc. has a 12-month low of $89.01 and a 12-month high of $121.77. 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 company has a market capitalization of $5.64 billion, a PE ratio of 21.43, a P/E/G ratio of 2.71 and a beta of 1.65.

Ryman Hospitality Properties (NYSE:RHP) last issued its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.94. The business had revenue of $647.63 million for the quarter, compared to analysts’ expectations of $656.01 million. Ryman Hospitality Properties had a net margin of 11.61% and a return on equity of 49.23%. On average, sell-side analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.

Ryman Hospitality Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $1.15 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $4.60 annualized dividend and a dividend yield of 4.89%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is 104.78%.

Analyst Upgrades and Downgrades

RHP has been the topic of several recent analyst reports. Wells Fargo & Company decreased their target price on shares of Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. BMO Capital Markets assumed coverage on Ryman Hospitality Properties in a research note on Monday, December 9th. They set an “outperform” rating and a $133.00 target price for the company. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $100.00 price target on shares of Ryman Hospitality Properties in a research note on Friday, December 13th. Truist Financial cut their price objective on Ryman Hospitality Properties from $133.00 to $127.00 and set a “buy” rating for the company in a research report on Friday, March 21st. Finally, StockNews.com raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Saturday, March 1st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $124.67.

Insider Activity

In other Ryman Hospitality Properties news, Director Alvin L. Bowles, Jr. sold 473 shares of the company’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $97.03, for a total transaction of $45,895.19. Following the sale, the director now owns 2,675 shares in the company, valued at $259,555.25. This represents a 15.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Colin V. Reed acquired 8,231 shares of the stock in a transaction dated 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 completion of the transaction, the chairman now owns 832,260 shares of the company’s stock, valued at approximately $81,178,640.40. This represents a 1.00 % increase in their position. The disclosure for this purchase 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.