Ryman Hospitality Properties, Inc. (NYSE:RHP) Stake Reduced by Emerald Advisers LLC

Emerald Advisers LLC decreased its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 3.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 134,474 shares of the real estate investment trust’s stock after selling 4,538 shares during the period. Emerald Advisers LLC owned approximately 0.22% of Ryman Hospitality Properties worth $13,429,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in RHP. Vanguard Group Inc. boosted its holdings in Ryman Hospitality Properties by 2.7% during the first quarter. Vanguard Group Inc. now owns 8,470,274 shares of the real estate investment trust’s stock worth $979,248,000 after buying an additional 226,547 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Ryman Hospitality Properties by 194.0% during the 2nd quarter. Principal Financial Group Inc. now owns 2,222,077 shares of the real estate investment trust’s stock worth $221,896,000 after acquiring an additional 1,466,220 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Ryman Hospitality Properties by 1.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 793,244 shares of the real estate investment trust’s stock worth $87,305,000 after acquiring an additional 11,490 shares during the last quarter. Heitman Real Estate Securities LLC raised its position in shares of Ryman Hospitality Properties by 46.0% during the fourth quarter. Heitman Real Estate Securities LLC now owns 611,992 shares of the real estate investment trust’s stock worth $67,356,000 after purchasing an additional 192,962 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Ryman Hospitality Properties by 2.7% during the second quarter. Bank of New York Mellon Corp now owns 526,879 shares of the real estate investment trust’s stock worth $52,614,000 after purchasing an additional 13,953 shares during the period. Institutional investors and hedge funds own 94.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Truist Financial decreased their price target on Ryman Hospitality Properties from $135.00 to $130.00 and set a “buy” rating for the company in a research report on Thursday, May 30th. JPMorgan Chase & Co. lifted their target price on shares of Ryman Hospitality Properties from $104.00 to $105.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Finally, StockNews.com upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $118.71.

Ryman Hospitality Properties Price Performance

Shares of RHP opened at $99.29 on Friday. The business’s 50-day moving average is $100.87 and its 200-day moving average is $106.16. The company has a debt-to-equity ratio of 5.96, a current ratio of 1.92 and a quick ratio of 1.92. The company has a market capitalization of $5.95 billion, a price-to-earnings ratio of 20.56, a P/E/G ratio of 2.22 and a beta of 1.66. Ryman Hospitality Properties, Inc. has a fifty-two week low of $79.86 and a fifty-two week high of $122.91.

Ryman Hospitality Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a $1.10 dividend. The ex-dividend date is Monday, September 30th. This represents a $4.40 annualized dividend and a yield of 4.43%. Ryman Hospitality Properties’s dividend payout ratio is presently 91.10%.

Insiders Place Their Bets

In related news, Chairman Colin V. Reed purchased 8,077 shares of the stock in a transaction dated Tuesday, August 6th. The shares were acquired at an average cost of $97.78 per share, for a total transaction of $789,769.06. Following the acquisition, the chairman now directly owns 827,220 shares in the company, valued at approximately $80,885,571.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Chairman Colin V. Reed purchased 8,077 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was bought at an average cost of $97.78 per share, with a total value of $789,769.06. Following the purchase, the chairman now directly owns 827,220 shares of the company’s stock, valued at $80,885,571.60. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director William E. Haslam purchased 9,972 shares of the stock in a transaction that occurred on Thursday, June 13th. The stock was purchased at an average cost of $100.28 per share, with a total value of $999,992.16. Following the purchase, the director now owns 22,790 shares in the company, valued at approximately $2,285,381.20. The disclosure for this purchase can be found here. Insiders own 3.00% of the company’s stock.

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.