Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC decreased its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 56.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,800 shares of the real estate investment trust’s stock after selling 3,633 shares during the quarter. Sanctuary Advisors LLC’s holdings in Ryman Hospitality Properties were worth $296,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Avior Wealth Management LLC lifted its holdings in shares of Ryman Hospitality Properties by 44.9% during the 3rd quarter. Avior Wealth Management LLC now owns 442 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 137 shares in the last quarter. Tidal Investments LLC lifted its holdings in Ryman Hospitality Properties by 2.1% in the 3rd quarter. Tidal Investments LLC now owns 7,264 shares of the real estate investment trust’s stock worth $779,000 after buying an additional 152 shares in the last quarter. Blue Trust Inc. lifted its holdings in Ryman Hospitality Properties by 23.4% in the 4th quarter. Blue Trust Inc. now owns 845 shares of the real estate investment trust’s stock worth $91,000 after buying an additional 160 shares in the last quarter. Captrust Financial Advisors lifted its holdings in Ryman Hospitality Properties by 4.2% in the 3rd quarter. Captrust Financial Advisors now owns 5,283 shares of the real estate investment trust’s stock worth $567,000 after buying an additional 213 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in Ryman Hospitality Properties by 79.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 491 shares of the real estate investment trust’s stock worth $53,000 after buying an additional 218 shares in the last quarter. Institutional investors and hedge funds own 94.48% of the company’s stock.

Ryman Hospitality Properties Price Performance

RHP opened at $95.90 on Wednesday. The company has a 50-day moving average of $102.91 and a 200-day moving average of $106.91. The company has a market capitalization of $5.74 billion, a P/E ratio of 21.84, a PEG ratio of 2.71 and a beta of 1.67. Ryman Hospitality Properties, Inc. has a 1-year low of $93.76 and a 1-year high of $121.77. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.73 and a current ratio of 1.73.

Ryman Hospitality Properties (NYSE:RHP) last released its earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.94. The company had revenue of $647.63 million during the quarter, compared to the consensus estimate of $656.01 million. Ryman Hospitality Properties had a net margin of 11.61% and a return on equity of 49.23%. Equities analysts expect that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.80%. The ex-dividend date is Monday, March 31st. Ryman Hospitality Properties’s dividend payout ratio is presently 104.78%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on RHP shares. Jefferies Financial Group started coverage on shares of Ryman Hospitality Properties in a report on Wednesday, November 6th. They issued a “buy” rating and a $130.00 price objective on the stock. StockNews.com upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Saturday. BMO Capital Markets started coverage on shares of Ryman Hospitality Properties in a report on Monday, December 9th. They issued an “outperform” rating and a $133.00 price objective on the stock. Wells Fargo & Company cut their price objective on shares of Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and issued a $100.00 target price on shares of Ryman Hospitality Properties in a research report on Friday, December 13th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $125.67.

Insider Activity at Ryman Hospitality Properties

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

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.