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

Farther Finance Advisors LLC lowered its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 21.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 385 shares of the real estate investment trust’s stock after selling 106 shares during the quarter. Farther Finance Advisors LLC’s holdings in Ryman Hospitality Properties were worth $40,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Quarry LP acquired a new stake in shares of Ryman Hospitality Properties in the third quarter valued at about $28,000. Heck Capital Advisors LLC acquired a new stake in shares of Ryman Hospitality Properties in the fourth quarter valued at about $31,000. Avior Wealth Management LLC grew its stake in shares of Ryman Hospitality Properties by 44.9% in the third quarter. Avior Wealth Management LLC now owns 442 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 137 shares in the last quarter. Venturi Wealth Management LLC acquired a new stake in shares of Ryman Hospitality Properties in the fourth quarter valued at about $83,000. Finally, Blue Trust Inc. grew its stake in shares of Ryman Hospitality Properties by 23.4% in the fourth quarter. Blue Trust Inc. now owns 845 shares of the real estate investment trust’s stock valued at $91,000 after buying an additional 160 shares in the last quarter. Institutional investors and hedge funds own 94.48% of the company’s stock.

Analysts Set New Price Targets

RHP has been the subject of a number of recent analyst reports. Wells Fargo & Company lowered their price objective on Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating for the company in a research note on Tuesday, February 18th. JPMorgan Chase & Co. restated an “underweight” rating and set a $100.00 price objective on shares of Ryman Hospitality Properties in a research note on Friday, December 13th. StockNews.com upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Saturday, March 1st. BMO Capital Markets initiated coverage on Ryman Hospitality Properties in a research note on Monday, December 9th. They set an “outperform” rating and a $133.00 price objective for the company. Finally, Truist Financial lowered their price objective on Ryman Hospitality Properties from $133.00 to $127.00 and set a “buy” rating for the company in a research note on Friday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Ryman Hospitality Properties has an average rating of “Moderate Buy” and a consensus price target of $124.67.

Insider Buying and Selling

In related news, Chairman Colin V. Reed purchased 8,231 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The shares were acquired at an average price of $97.54 per share, with a total value of $802,851.74. Following the acquisition, the chairman now owns 832,260 shares in the company, valued at approximately $81,178,640.40. This trade represents a 1.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Alvin L. Bowles, Jr. sold 473 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $97.03, for a total value of $45,895.19. Following the completion of the sale, the director now directly owns 2,675 shares in the company, valued at approximately $259,555.25. This trade represents a 15.03 % 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 Trading Down 1.1 %

NYSE:RHP opened at $94.59 on Monday. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 6.07. The business’s 50 day moving average is $100.86 and its two-hundred day moving average is $106.36. Ryman Hospitality Properties, Inc. has a 52 week low of $92.04 and a 52 week high of $121.77. The company has a market cap of $5.67 billion, a PE ratio of 21.55, a P/E/G ratio of 2.71 and a beta of 1.65.

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

Ryman Hospitality Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 4.86%. The ex-dividend date of this dividend is Monday, March 31st. Ryman Hospitality Properties’s dividend payout ratio (DPR) is 104.78%.

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.