Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Acquired by Citigroup Inc.

Citigroup Inc. increased its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 72.9% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 54,239 shares of the real estate investment trust’s stock after purchasing an additional 22,871 shares during the quarter. Citigroup Inc. owned 0.09% of Ryman Hospitality Properties worth $5,817,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its position 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 worth $4,154,000 after acquiring an additional 2,144 shares in the last quarter. Janus Henderson Group PLC increased its holdings in Ryman Hospitality Properties by 12.3% in the 1st quarter. Janus Henderson Group PLC now owns 31,261 shares of the real estate investment trust’s stock valued at $3,614,000 after purchasing an additional 3,431 shares in the last quarter. Tidal Investments LLC raised its position in Ryman Hospitality Properties by 33.6% in the first quarter. Tidal Investments LLC now owns 2,646 shares of the real estate investment trust’s stock valued at $306,000 after purchasing an additional 666 shares during the period. Harbor Capital Advisors Inc. lifted its stake in shares of Ryman Hospitality Properties by 378.7% during 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 purchasing an additional 16,873 shares in the last quarter. Finally, Diversified Trust Co lifted its stake in shares of Ryman Hospitality Properties by 9.7% during the second quarter. Diversified Trust Co now owns 7,997 shares of the real estate investment trust’s stock worth $799,000 after purchasing an additional 709 shares in the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Analyst Upgrades and Downgrades

RHP has been the topic of several analyst reports. StockNews.com upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Friday, August 9th. Truist Financial lifted their price objective 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. Wells Fargo & Company reduced their target price on shares of Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating on the stock in a research report on Friday, September 13th. Finally, Jefferies Financial Group began 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 for the company. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $126.17.

Insider Activity

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 completion of the sale, 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Fazal F. Merchant sold 1,269 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $113.98, for a total transaction of $144,640.62. Following the sale, the director now owns 4,825 shares in the company, valued at approximately $549,953.50. This trade represents a 20.82 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.00% of the company’s stock.

Ryman Hospitality Properties Stock Performance

Ryman Hospitality Properties stock opened at $117.24 on Monday. Ryman Hospitality Properties, Inc. has a 52 week low of $93.76 and a 52 week high of $122.91. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 6.07. The stock has a market cap of $7.02 billion, a P/E ratio of 20.82, a price-to-earnings-growth ratio of 2.96 and a beta of 1.65. The stock has a 50 day moving average of $111.08 and a 200-day moving average of $104.83.

Ryman Hospitality Properties (NYSE:RHP) last posted its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.94 EPS for the quarter, missing analysts’ consensus estimates of $1.83 by ($0.89). The company had revenue of $549.90 million for the quarter, compared to the consensus estimate of $545.93 million. Ryman Hospitality Properties had a net margin of 14.84% and a return on equity of 61.94%. The company’s revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.73 earnings per share. On average, analysts expect that Ryman Hospitality Properties, Inc. will post 8.44 EPS for the current fiscal year.

Ryman Hospitality Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $1.15 dividend. This is a positive change 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 annualized dividend and a dividend yield of 3.92%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 78.15%.

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.