Natixis Advisors LLC Has $2.26 Million Holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Natixis Advisors LLC lessened its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 27.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,102 shares of the real estate investment trust’s stock after selling 7,932 shares during the period. Natixis Advisors LLC’s holdings in Ryman Hospitality Properties were worth $2,263,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of RHP. Fifth Third Bancorp increased its position in Ryman Hospitality Properties by 347.6% in the 2nd quarter. Fifth Third Bancorp now owns 282 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 219 shares during the period. SYSTM Wealth Solutions LLC bought a new stake in shares of Ryman Hospitality Properties in the second quarter valued at approximately $32,000. Quest Partners LLC raised its stake in Ryman Hospitality Properties by 8,450.0% during the 2nd quarter. Quest Partners LLC now owns 342 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 338 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Ryman Hospitality Properties by 34.6% in the third quarter. GAMMA Investing LLC now owns 401 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 103 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in Ryman Hospitality Properties by 79.9% in the third quarter. Farther Finance Advisors LLC now owns 491 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 218 shares during the period. Institutional investors own 94.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on RHP shares. Wells Fargo & Company dropped their price objective on shares of Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating for the company in a research note on Friday, September 13th. Truist Financial boosted their price target on shares of Ryman Hospitality Properties from $130.00 to $136.00 and gave the company a “buy” rating in a research report on Monday, November 18th. 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 research report on Friday, August 2nd. Jefferies Financial Group initiated coverage on Ryman Hospitality Properties in a research note on Wednesday, November 6th. They issued a “buy” rating and a $130.00 price objective on the stock. Finally, StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Friday, August 9th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $126.17.

Insiders Place Their Bets

In other news, Director Alvin L. Bowles, Jr. sold 900 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $107.32, for a total value of $96,588.00. Following the completion of the transaction, the director now owns 3,148 shares in the company, valued at $337,843.36. This represents a 22.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Fazal F. Merchant sold 1,269 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $113.98, for a total transaction of $144,640.62. Following the sale, the director now directly owns 4,825 shares of the company’s stock, valued at $549,953.50. This represents a 20.82 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company’s stock.

Ryman Hospitality Properties Stock Up 1.7 %

Ryman Hospitality Properties stock opened at $115.71 on Monday. The firm has a market capitalization of $6.93 billion, a price-to-earnings ratio of 20.55, a PEG ratio of 2.00 and a beta of 1.65. The company’s 50 day simple moving average is $109.90 and its 200 day simple moving average is $104.42. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.73. Ryman Hospitality Properties, Inc. has a fifty-two week low of $93.76 and a fifty-two week high of $122.91.

Ryman Hospitality Properties (NYSE:RHP) last posted its earnings results on Monday, November 4th. The real estate investment trust reported $0.94 earnings per share for the quarter, missing the consensus estimate of $1.83 by ($0.89). Ryman Hospitality Properties had a return on equity of 61.94% and a net margin of 14.84%. The firm had revenue of $549.90 million during the quarter, compared to analyst estimates of $545.93 million. During the same quarter last year, the business posted $1.73 earnings per share. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.44 EPS for the current year.

Ryman Hospitality Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 3.98%. This is a boost from Ryman Hospitality Properties’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Tuesday, December 31st. Ryman Hospitality Properties’s payout ratio is presently 78.15%.

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.