Heitman Real Estate Securities LLC Reduces Stock Holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Heitman Real Estate Securities LLC lowered its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 33.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 306,075 shares of the real estate investment trust’s stock after selling 154,123 shares during the quarter. Ryman Hospitality Properties makes up approximately 1.8% of Heitman Real Estate Securities LLC’s holdings, making the stock its 25th biggest position. Heitman Real Estate Securities LLC owned about 0.51% of Ryman Hospitality Properties worth $32,823,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. raised its position in Ryman Hospitality Properties by 378.7% in the second quarter. Harbor Capital Advisors Inc. now owns 21,329 shares of the real estate investment trust’s stock worth $2,130,000 after acquiring an additional 16,873 shares during the period. PGGM Investments bought a new stake in Ryman Hospitality Properties during the second quarter valued at about $7,512,000. Panagora Asset Management Inc. increased its position in Ryman Hospitality Properties by 11.2% in the second quarter. Panagora Asset Management Inc. now owns 222,745 shares of the real estate investment trust’s stock worth $22,243,000 after buying an additional 22,428 shares in the last quarter. American Century Companies Inc. lifted its position in shares of 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 buying an additional 12,058 shares in the last quarter. Finally, Magnetar Financial LLC bought a new position in shares of Ryman Hospitality Properties during the 2nd quarter valued at approximately $4,390,000. 94.48% of the stock is currently owned by institutional investors.

Ryman Hospitality Properties Stock Performance

NYSE RHP opened at $117.59 on Tuesday. The stock has a market capitalization of $7.04 billion, a PE ratio of 20.89, a P/E/G ratio of 2.96 and a beta of 1.65. Ryman Hospitality Properties, Inc. has a 1-year low of $93.76 and a 1-year high of $122.91. The business has a 50 day simple moving average of $111.23 and a two-hundred day simple moving average of $104.90. 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 (NYSE:RHP) last announced its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.94 earnings per share 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 business had revenue of $549.90 million during the quarter, compared to the consensus estimate of $545.93 million. During the same quarter in the prior year, the firm posted $1.73 EPS. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, research analysts predict 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. Investors of record on Tuesday, December 31st will be issued a $1.15 dividend. This is an increase from Ryman Hospitality Properties’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend 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 dividend payout ratio (DPR) is presently 78.15%.

Insider Buying and Selling

In other Ryman Hospitality Properties 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 transaction, the director now owns 3,148 shares in the company, valued at $337,843.36. The trade was a 22.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Fazal F. Merchant sold 1,269 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $113.98, for a total transaction of $144,640.62. Following the completion of the sale, the director now directly owns 4,825 shares in the company, valued at approximately $549,953.50. This represents a 20.82 % decrease in their position. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on RHP shares. Jefferies Financial Group assumed coverage on shares of Ryman Hospitality Properties in a report on Wednesday, November 6th. They set a “buy” rating and a $130.00 price target on the stock. Truist Financial lifted their target price on shares of Ryman Hospitality Properties from $130.00 to $136.00 and gave the company a “buy” rating in a research note on Monday, November 18th. StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Friday, August 9th. Finally, Wells Fargo & Company cut their target price on Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating for the company in a research report on Friday, September 13th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $126.17.

About Ryman Hospitality Properties

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.