Dark Forest Capital Management LP Reduces Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Dark Forest Capital Management LP decreased its position in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 88.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,572 shares of the real estate investment trust’s stock after selling 27,512 shares during the period. Dark Forest Capital Management LP’s holdings in Ryman Hospitality Properties were worth $357,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RHP. PNC Financial Services Group Inc. lifted its holdings in shares of Ryman Hospitality Properties by 4.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,383 shares of the real estate investment trust’s stock worth $372,000 after purchasing an additional 137 shares during the period. DekaBank Deutsche Girozentrale boosted its holdings in shares of Ryman Hospitality Properties by 0.4% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 39,256 shares of the real estate investment trust’s stock valued at $3,829,000 after acquiring an additional 138 shares during the last quarter. New York State Teachers Retirement System boosted its holdings in shares of Ryman Hospitality Properties by 3.0% in the 1st quarter. New York State Teachers Retirement System now owns 5,285 shares of the real estate investment trust’s stock valued at $611,000 after acquiring an additional 152 shares during the last quarter. Xponance Inc. increased its stake in shares of Ryman Hospitality Properties by 4.6% in the second quarter. Xponance Inc. now owns 3,714 shares of the real estate investment trust’s stock worth $371,000 after acquiring an additional 162 shares during the period. Finally, State of Alaska Department of Revenue raised its holdings in shares of Ryman Hospitality Properties by 0.6% during the first quarter. State of Alaska Department of Revenue now owns 27,611 shares of the real estate investment trust’s stock worth $3,191,000 after purchasing an additional 174 shares during the last quarter. Institutional investors and hedge funds own 94.48% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. increased their price target on Ryman Hospitality Properties from $104.00 to $105.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. 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 reduced their price target 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 equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $119.17.

Insiders Place Their Bets

In other news, Director Alvin L. Bowles, Jr. sold 900 shares of Ryman Hospitality Properties stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $107.32, for a total value of $96,588.00. Following the sale, the director now owns 3,148 shares in the company, valued at $337,843.36. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Alvin L. Bowles, Jr. sold 900 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $107.32, for a total value of $96,588.00. Following the transaction, the director now owns 3,148 shares in the company, valued at $337,843.36. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Colin V. Reed purchased 8,077 shares of the stock in a transaction dated Tuesday, August 6th. The stock was purchased at an average cost of $97.78 per share, for a total transaction of $789,769.06. Following the completion of the purchase, the chairman now directly owns 827,220 shares of the company’s stock, valued at $80,885,571.60. The disclosure for this purchase can be found here. 3.00% of the stock is currently owned by company insiders.

Ryman Hospitality Properties Stock Up 0.4 %

Shares of RHP opened at $109.37 on Friday. The firm has a market cap of $6.55 billion, a P/E ratio of 22.64, a PEG ratio of 2.34 and a beta of 1.66. Ryman Hospitality Properties, Inc. has a 12 month low of $80.67 and a 12 month high of $122.91. The stock’s 50 day moving average is $102.28 and its two-hundred day moving average is $104.80. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 5.96.

Ryman Hospitality Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 4.02%. The ex-dividend date is Monday, September 30th. Ryman Hospitality Properties’s payout ratio is presently 91.10%.

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.