Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP cut its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 8.9% during the 4th quarter, HoldingsChannel reports. The firm owned 1,813,521 shares of the real estate investment trust’s stock after selling 176,418 shares during the quarter. Wellington Management Group LLP’s holdings in Ryman Hospitality Properties were worth $199,596,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC purchased a new position in Ryman Hospitality Properties in the fourth quarter valued at about $27,000. Parallel Advisors LLC raised its position in Ryman Hospitality Properties by 6,550.0% in the fourth quarter. Parallel Advisors LLC now owns 266 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 262 shares during the period. Signaturefd LLC raised its position in Ryman Hospitality Properties by 518.9% in the fourth quarter. Signaturefd LLC now owns 328 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 275 shares during the period. Covestor Ltd raised its position in Ryman Hospitality Properties by 15.5% in the third quarter. Covestor Ltd now owns 1,218 shares of the real estate investment trust’s stock valued at $101,000 after purchasing an additional 163 shares during the period. Finally, Envestnet Portfolio Solutions Inc. purchased a new position in Ryman Hospitality Properties in the fourth quarter valued at about $213,000. 94.48% of the stock is owned by hedge funds and other institutional investors.

Ryman Hospitality Properties Stock Down 0.9 %

Shares of Ryman Hospitality Properties stock opened at $99.04 on Wednesday. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 6.33. The firm has a market cap of $5.93 billion, a P/E ratio of 20.51, a P/E/G ratio of 2.08 and a beta of 1.62. Ryman Hospitality Properties, Inc. has a fifty-two week low of $79.86 and a fifty-two week high of $122.91. The business has a 50-day moving average price of $105.02 and a 200 day moving average price of $110.31.

Ryman Hospitality Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 4.44%. The ex-dividend date is Friday, June 28th. Ryman Hospitality Properties’s dividend payout ratio is currently 91.10%.

Insider Activity at Ryman Hospitality Properties

In related news, Director Christine Pantoya sold 1,491 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $105.94, for a total value of $157,956.54. Following the completion of the sale, the director now directly owns 4,973 shares of the company’s stock, valued at $526,839.62. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Chairman Colin V. Reed acquired 13,800 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was purchased at an average cost of $106.40 per share, with a total value of $1,468,320.00. Following the completion of the acquisition, the chairman now directly owns 819,143 shares in the company, valued at $87,156,815.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Christine Pantoya sold 1,491 shares of Ryman Hospitality Properties stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $105.94, for a total value of $157,956.54. Following the completion of the transaction, the director now owns 4,973 shares of the company’s stock, valued at $526,839.62. The disclosure for this sale can be found here. 3.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have commented on RHP shares. StockNews.com lowered Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, May 22nd. Wells Fargo & Company lifted their target price on Ryman Hospitality Properties from $125.00 to $133.00 and gave the stock an “overweight” rating in a research report on Thursday, March 21st. Deutsche Bank Aktiengesellschaft dropped their target price on Ryman Hospitality Properties from $141.00 to $136.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Finally, Truist Financial dropped their target price on Ryman Hospitality Properties from $135.00 to $130.00 and set a “buy” rating on the stock in a research report on Thursday, May 30th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $118.29.

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.