Natixis Advisors LLC Sells 4,973 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Natixis Advisors LLC lowered its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 23.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,129 shares of the real estate investment trust’s stock after selling 4,973 shares during the quarter. Natixis Advisors LLC’s holdings in Ryman Hospitality Properties were worth $1,683,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in RHP. Principal Financial Group Inc. grew its position in shares of Ryman Hospitality Properties by 3.2% during the 4th quarter. Principal Financial Group Inc. now owns 3,254,693 shares of the real estate investment trust’s stock valued at $339,596,000 after acquiring an additional 101,333 shares during the period. Geode Capital Management LLC grew its holdings in Ryman Hospitality Properties by 0.9% during the third quarter. Geode Capital Management LLC now owns 1,458,389 shares of the real estate investment trust’s stock valued at $156,427,000 after purchasing an additional 12,323 shares during the period. Charles Schwab Investment Management Inc. increased its position in Ryman Hospitality Properties by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 979,176 shares of the real estate investment trust’s stock worth $102,167,000 after buying an additional 14,861 shares during the last quarter. Cooke & Bieler LP purchased a new stake in Ryman Hospitality Properties in the fourth quarter worth $74,811,000. Finally, Hamlin Capital Management LLC bought a new stake in shares of Ryman Hospitality Properties in the fourth quarter valued at $65,142,000. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Wall Street Analysts Forecast Growth

RHP has been the subject of several recent research reports. Truist Financial decreased their price objective on Ryman Hospitality Properties from $133.00 to $127.00 and set a “buy” rating for the company in a report on Friday. Wells Fargo & Company reduced their target price on shares of 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. BMO Capital Markets started coverage on shares of Ryman Hospitality Properties in a research note on Monday, December 9th. They set an “outperform” rating and a $133.00 price target on the stock. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $100.00 price objective on shares of Ryman Hospitality Properties in a research note on Friday, December 13th. Finally, StockNews.com upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Saturday, March 1st. One equities 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 company. According to data from MarketBeat, Ryman Hospitality Properties has an average rating of “Moderate Buy” and an average target price of $124.67.

Ryman Hospitality Properties Stock Performance

Ryman Hospitality Properties stock opened at $96.55 on Tuesday. The firm’s 50 day simple moving average is $100.78 and its 200 day simple moving average is $106.34. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 6.07. Ryman Hospitality Properties, Inc. has a 1-year low of $92.04 and a 1-year high of $121.77. The firm has a market capitalization of $5.78 billion, a PE ratio of 21.99, a price-to-earnings-growth ratio of 2.71 and a beta of 1.65.

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

Ryman Hospitality Properties Announces Dividend

The business 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 $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 4.76%. The ex-dividend date is Monday, March 31st. Ryman Hospitality Properties’s dividend payout ratio (DPR) is 104.78%.

Insider Activity at Ryman Hospitality Properties

In related news, Director Alvin L. Bowles, Jr. sold 473 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was 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 approximately $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 accessible through this link. Also, Chairman Colin V. Reed bought 8,231 shares of the business’s 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 owns 832,260 shares of the company’s stock, valued at $81,178,640.40. This 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 insiders.

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.