AQR Capital Management LLC Has $2.52 Million Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

AQR Capital Management LLC decreased its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 10.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,264 shares of the real estate investment trust’s stock after selling 2,957 shares during the period. AQR Capital Management LLC’s holdings in Ryman Hospitality Properties were worth $2,523,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Armistice Capital LLC increased its position in Ryman Hospitality Properties by 142.7% during the 2nd quarter. Armistice Capital LLC now owns 60,063 shares of the real estate investment trust’s stock valued at $5,998,000 after purchasing an additional 35,319 shares during the period. Point72 Asia Singapore Pte. Ltd. boosted its stake in shares of Ryman Hospitality Properties by 58.7% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,514 shares of the real estate investment trust’s stock valued at $151,000 after purchasing an additional 560 shares during the last quarter. Aristeia Capital L.L.C. acquired a new stake in shares of Ryman Hospitality Properties during the second quarter worth $421,000. Land & Buildings Investment Management LLC raised its stake in Ryman Hospitality Properties by 26.4% during the second quarter. Land & Buildings Investment Management LLC now owns 197,186 shares of the real estate investment trust’s stock worth $19,691,000 after buying an additional 41,160 shares during the last quarter. Finally, Xponance Inc. lifted its holdings in 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 valued at $371,000 after buying an additional 162 shares during the period. 94.48% of the stock is currently owned by institutional investors.

Ryman Hospitality Properties Stock Down 0.9 %

Shares of NYSE:RHP opened at $110.69 on Wednesday. The company has a debt-to-equity ratio of 5.96, a quick ratio of 1.92 and a current ratio of 1.92. Ryman Hospitality Properties, Inc. has a 52-week low of $81.90 and a 52-week high of $122.91. The business’s 50 day simple moving average is $103.38 and its two-hundred day simple moving average is $104.28. The firm has a market cap of $6.63 billion, a P/E ratio of 22.92, a PEG ratio of 2.34 and a beta of 1.66.

Ryman Hospitality Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $4.40 dividend on an annualized basis and a yield of 3.98%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 91.10%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on RHP. StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Friday, August 9th. Wells Fargo & Company lowered their target price on Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating for the company in a report on Friday, September 13th. Finally, 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 report on Friday, August 2nd. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $124.20.

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 transaction of $96,588.00. Following the completion of the transaction, the director now directly owns 3,148 shares in the company, valued at $337,843.36. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Alvin L. Bowles, Jr. sold 900 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was 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 approximately $337,843.36. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Colin V. Reed acquired 8,077 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were bought at an average price of $97.78 per share, for a total transaction of $789,769.06. Following the completion of the purchase, the chairman now owns 827,220 shares in the company, valued at approximately $80,885,571.60. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 3.00% of the company’s stock.

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.