Y Intercept Hong Kong Ltd Decreases Stake in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Y Intercept Hong Kong Ltd lessened its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 23.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,589 shares of the real estate investment trust’s stock after selling 1,099 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Ryman Hospitality Properties were worth $374,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of RHP. Quarry LP purchased a new stake in Ryman Hospitality Properties in the third quarter valued at approximately $28,000. Heck Capital Advisors LLC purchased a new position in shares of Ryman Hospitality Properties during the fourth quarter worth $31,000. Avior Wealth Management LLC lifted its position in Ryman Hospitality Properties by 44.9% during the third quarter. Avior Wealth Management LLC now owns 442 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 137 shares during the period. Farther Finance Advisors LLC boosted its holdings in Ryman Hospitality Properties by 79.9% in the third quarter. Farther Finance Advisors LLC now owns 491 shares of the real estate investment trust’s stock valued at $53,000 after purchasing an additional 218 shares during the last quarter. Finally, Venturi Wealth Management LLC acquired a new stake in Ryman Hospitality Properties during the 4th quarter worth about $83,000. Institutional investors and hedge funds own 94.48% of the company’s stock.

Analyst Ratings Changes

RHP has been the subject of a number of analyst reports. Wells Fargo & Company decreased their price target on Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating for the company in a report on Tuesday, February 18th. Truist Financial reiterated a “buy” rating and issued a $133.00 target price (down from $136.00) on shares of Ryman Hospitality Properties in a research note on Tuesday, February 25th. BMO Capital Markets began coverage on shares of Ryman Hospitality Properties in a report on Monday, December 9th. They set an “outperform” rating and a $133.00 price target on the stock. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $100.00 price objective on shares of Ryman Hospitality Properties in a report on Friday, December 13th. Finally, Jefferies Financial Group assumed coverage on shares of Ryman Hospitality Properties in a research note on Wednesday, November 6th. They set a “buy” rating and a $130.00 target price on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Ryman Hospitality Properties has an average rating of “Moderate Buy” and a consensus price target of $125.67.

Ryman Hospitality Properties Price Performance

Shares of NYSE RHP opened at $98.16 on Tuesday. The stock has a market capitalization of $5.88 billion, a price-to-earnings ratio of 22.36, a price-to-earnings-growth ratio of 2.71 and a beta of 1.67. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 6.07. Ryman Hospitality Properties, Inc. has a 52 week low of $93.76 and a 52 week high of $121.77. The firm has a 50-day simple moving average of $103.12 and a 200-day simple moving average of $106.94.

Ryman Hospitality Properties (NYSE:RHP) last announced its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.94. Ryman Hospitality Properties had a net margin of 11.61% and a return on equity of 49.23%. The firm had revenue of $647.63 million for the quarter, compared to analysts’ expectations of $656.01 million. On average, equities analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $1.15 dividend. The ex-dividend date is Monday, March 31st. This represents a $4.60 annualized dividend and a dividend yield of 4.69%. Ryman Hospitality Properties’s dividend payout ratio is currently 104.78%.

Insider Buying and Selling

In other Ryman Hospitality Properties news, Director Alvin L. Bowles, Jr. sold 473 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $97.03, for a total value of $45,895.19. Following the completion of the transaction, the director now owns 2,675 shares of the company’s stock, valued at $259,555.25. This trade represents a 15.03 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Colin V. Reed purchased 8,231 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were bought at an average price of $97.54 per share, for a total transaction of $802,851.74. Following the acquisition, the chairman now owns 832,260 shares in the company, valued at $81,178,640.40. This trade represents a 1.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.00% of the stock is currently owned by corporate insiders.

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.