Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA lessened its position in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 30.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 828,812 shares of the real estate investment trust’s stock after selling 370,580 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 1.38% of Ryman Hospitality Properties worth $88,882,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Axxcess Wealth Management LLC grew its position in Ryman Hospitality Properties by 8.6% in the 1st quarter. Axxcess Wealth Management LLC now owns 4,842 shares of the real estate investment trust’s stock valued at $560,000 after acquiring an additional 385 shares in the last quarter. LRI Investments LLC purchased a new position in shares of Ryman Hospitality Properties in the first quarter valued at approximately $115,000. BOKF NA boosted its stake in shares of Ryman Hospitality Properties by 119.5% in the first quarter. BOKF NA now owns 3,156 shares of the real estate investment trust’s stock valued at $366,000 after purchasing an additional 1,718 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of Ryman Hospitality Properties by 6.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 35,926 shares of the real estate investment trust’s stock valued at $4,154,000 after purchasing an additional 2,144 shares in the last quarter. Finally, Janus Henderson Group PLC increased its stake in Ryman Hospitality Properties by 12.3% during the 1st quarter. Janus Henderson Group PLC now owns 31,261 shares of the real estate investment trust’s stock worth $3,614,000 after buying an additional 3,431 shares during the period. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Price Performance

RHP stock opened at $115.71 on Friday. The business has a 50 day moving average price of $109.90 and a 200 day moving average price of $104.44. 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 stock has a market cap of $6.93 billion, a price-to-earnings ratio of 20.55, a PEG ratio of 2.00 and a beta of 1.65. Ryman Hospitality Properties, Inc. has a fifty-two week low of $93.76 and a fifty-two week high of $122.91.

Ryman Hospitality Properties (NYSE:RHP) last issued its quarterly earnings data 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). The company had revenue of $549.90 million for the quarter, compared to analysts’ expectations of $545.93 million. Ryman Hospitality Properties had a return on equity of 61.94% and a net margin of 14.84%. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.73 EPS. Equities research analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.44 earnings per share for the current fiscal year.

Ryman Hospitality Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued 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 annualized dividend and a dividend yield of 3.98%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 78.15%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on RHP shares. Wells Fargo & Company decreased their price target on shares of 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. JPMorgan Chase & Co. boosted their target price on Ryman Hospitality Properties from $104.00 to $105.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Jefferies Financial Group initiated coverage on Ryman Hospitality Properties in a research report on Wednesday, November 6th. They issued a “buy” rating and a $130.00 price target on the stock. StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Friday, August 9th. Finally, Truist Financial raised their target price on shares of Ryman Hospitality Properties from $130.00 to $136.00 and gave the company a “buy” rating in a report on Monday, November 18th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Ryman Hospitality Properties has a consensus rating of “Moderate Buy” and an average target price of $126.17.

Insider Transactions at Ryman Hospitality Properties

In related news, Director Fazal F. Merchant sold 1,269 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $113.98, for a total transaction of $144,640.62. Following the transaction, the director now owns 4,825 shares in the company, valued at $549,953.50. This trade represents a 20.82 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Alvin L. Bowles, Jr. sold 900 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $107.32, for a total value of $96,588.00. Following the completion of the sale, the director now owns 3,148 shares of the company’s stock, valued at approximately $337,843.36. This represents a 22.23 % decrease in their position. The disclosure for this sale 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.