Taylor Frigon Capital Management LLC Trims Stake in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Taylor Frigon Capital Management LLC reduced its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 2.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,834 shares of the real estate investment trust’s stock after selling 334 shares during the quarter. Taylor Frigon Capital Management LLC’s holdings in Ryman Hospitality Properties were worth $1,548,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Quarry LP purchased a new position in Ryman Hospitality Properties during the third quarter valued at approximately $28,000. Heck Capital Advisors LLC purchased a new position in Ryman Hospitality Properties during the fourth quarter valued at approximately $31,000. Avior Wealth Management LLC raised its position in Ryman Hospitality Properties by 44.9% during the third quarter. Avior Wealth Management LLC now owns 442 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 137 shares in the last quarter. Farther Finance Advisors LLC raised its position in Ryman Hospitality Properties by 79.9% during the third quarter. Farther Finance Advisors LLC now owns 491 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 218 shares in the last quarter. Finally, Blue Trust Inc. increased its position in shares of Ryman Hospitality Properties by 183.1% in the third quarter. Blue Trust Inc. now owns 685 shares of the real estate investment trust’s stock valued at $68,000 after buying an additional 443 shares in the last quarter. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Truist Financial restated a “buy” rating and issued a $133.00 price objective (down from $136.00) on shares of Ryman Hospitality Properties in a research report on Tuesday. Jefferies Financial Group assumed coverage on Ryman Hospitality Properties in a research report on Wednesday, November 6th. They issued a “buy” rating and a $130.00 price objective for the company. StockNews.com cut Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research report on Friday, February 21st. BMO Capital Markets assumed coverage on Ryman Hospitality Properties in a research report on Monday, December 9th. They issued an “outperform” rating and a $133.00 price objective for the company. Finally, JPMorgan Chase & Co. restated an “underweight” rating and issued a $100.00 price objective on shares of Ryman Hospitality Properties in a research report on Friday, December 13th. Two analysts have rated the stock with a sell rating and five have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $125.67.

Ryman Hospitality Properties Stock Performance

Shares of NYSE:RHP opened at $96.83 on Thursday. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.73. The business’s 50 day moving average price is $103.73 and its 200-day moving average price is $107.01. The firm has a market capitalization of $5.80 billion, a PE ratio of 22.06, a P/E/G ratio of 2.71 and a beta of 1.67. Ryman Hospitality Properties, Inc. has a 1 year low of $93.76 and a 1 year high of $121.77.

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 analysts’ consensus estimates of $1.21 by $0.94. The firm had revenue of $647.63 million for the quarter, compared to analyst estimates of $656.01 million. Ryman Hospitality Properties had a return on equity of 49.23% and a net margin of 11.61%. As a group, equities research analysts expect that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.75%. The ex-dividend date of this dividend is Monday, March 31st. Ryman Hospitality Properties’s dividend payout ratio is presently 104.78%.

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.