Cerity Partners LLC Raises Holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Cerity Partners LLC raised its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 6.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 7,919 shares of the real estate investment trust’s stock after acquiring an additional 452 shares during the period. Cerity Partners LLC’s holdings in Ryman Hospitality Properties were worth $849,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its holdings in shares of Ryman Hospitality Properties by 41.9% during the third quarter. Principal Financial Group Inc. now owns 3,153,360 shares of the real estate investment trust’s stock worth $338,168,000 after purchasing an additional 931,283 shares during the period. American Century Companies Inc. increased its position in shares of Ryman Hospitality Properties by 0.8% during the second quarter. American Century Companies Inc. now owns 1,586,256 shares of the real estate investment trust’s stock valued at $158,404,000 after buying an additional 12,058 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in Ryman Hospitality Properties by 264.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,199,392 shares of the real estate investment trust’s stock worth $119,771,000 after buying an additional 870,081 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Ryman Hospitality Properties by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 964,315 shares of the real estate investment trust’s stock worth $103,413,000 after acquiring an additional 6,289 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Ryman Hospitality Properties by 1.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 820,639 shares of the real estate investment trust’s stock worth $81,947,000 after acquiring an additional 8,469 shares in the last quarter. Institutional investors own 94.48% of the company’s stock.

Insider Activity

In related 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 sale, the director now owns 3,148 shares in the company, valued at $337,843.36. This trade represents a 22.23 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Fazal F. Merchant sold 1,269 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now directly owns 4,825 shares in the company, valued at approximately $549,953.50. This trade represents a 20.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company’s stock.

Ryman Hospitality Properties Stock Up 0.1 %

RHP opened at $118.20 on Friday. Ryman Hospitality Properties, Inc. has a 1-year low of $93.76 and a 1-year high of $122.91. The firm’s 50 day simple moving average is $111.70 and its two-hundred day simple moving average is $105.18. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 6.07. The company has a market capitalization of $7.08 billion, a PE ratio of 20.99, a PEG ratio of 3.00 and a beta of 1.65.

Ryman Hospitality Properties (NYSE:RHP) last released its earnings results on Monday, November 4th. The real estate investment trust reported $0.94 earnings per share (EPS) 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 business had revenue of $549.90 million for the quarter, compared to analysts’ expectations of $545.93 million. During the same quarter in the prior year, the business posted $1.73 EPS. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. As a group, equities analysts forecast that Ryman Hospitality Properties, Inc. will post 8.44 EPS for the current year.

Ryman Hospitality Properties Increases Dividend

The firm also recently disclosed 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 is a boost from Ryman Hospitality Properties’s previous quarterly dividend of $1.10. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date of this dividend is Tuesday, December 31st. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 78.15%.

Wall Street Analysts Forecast Growth

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

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.