Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. decreased its position in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 8.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,300,948 shares of the real estate investment trust’s stock after selling 118,815 shares during the quarter. JPMorgan Chase & Co.’s holdings in Ryman Hospitality Properties were worth $139,514,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. increased its holdings in Ryman Hospitality Properties by 41.9% during the 3rd 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 last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Ryman Hospitality Properties by 264.2% during 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 in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Ryman Hospitality Properties by 483.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 609,761 shares of the real estate investment trust’s stock worth $65,391,000 after buying an additional 505,207 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Ryman Hospitality Properties by 3,800.4% during the 3rd quarter. Victory Capital Management Inc. now owns 292,410 shares of the real estate investment trust’s stock valued at $31,358,000 after acquiring an additional 284,913 shares during the last quarter. Finally, Reinhart Partners LLC. grew its holdings in Ryman Hospitality Properties by 55.5% during the 3rd quarter. Reinhart Partners LLC. now owns 383,026 shares of the real estate investment trust’s stock worth $41,076,000 after acquiring an additional 136,756 shares in the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Insider Activity at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Director Fazal F. Merchant sold 1,269 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $113.98, for a total value of $144,640.62. Following the completion of the transaction, the director now directly owns 4,825 shares in the company, valued at $549,953.50. This trade represents a 20.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 3.00% of the company’s stock.

Ryman Hospitality Properties Price Performance

Shares of RHP opened at $104.34 on Thursday. The firm has a market capitalization of $6.25 billion, a price-to-earnings ratio of 18.53, a price-to-earnings-growth ratio of 2.95 and a beta of 1.65. The stock’s fifty day moving average is $111.71 and its 200-day moving average is $106.07. Ryman Hospitality Properties, Inc. has a one year low of $93.76 and a one year high of $122.91. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.73 and a current ratio of 1.73.

Ryman Hospitality Properties (NYSE:RHP) last released its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.94 EPS for the quarter, missing analysts’ consensus estimates of $1.83 by ($0.89). The company had revenue of $549.90 million for the quarter, compared to the consensus estimate of $545.93 million. Ryman Hospitality Properties had a return on equity of 61.94% and a net margin of 14.84%. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.73 earnings per share. Equities 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. Investors of record on Tuesday, December 31st will be issued a $1.15 dividend. This is an increase 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 4.41%. The ex-dividend date of this dividend is Tuesday, December 31st. Ryman Hospitality Properties’s payout ratio is presently 81.71%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Jefferies Financial Group initiated coverage on shares of Ryman Hospitality Properties in a research note on Wednesday, November 6th. They issued a “buy” rating and a $130.00 target price on the stock. Wells Fargo & Company increased their target price on Ryman Hospitality Properties from $124.00 to $130.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Truist Financial boosted their price target on Ryman Hospitality Properties from $130.00 to $136.00 and gave the company a “buy” rating in a report on Monday, November 18th. BMO Capital Markets assumed coverage on shares of Ryman Hospitality Properties in a report on Monday, December 9th. They issued an “outperform” rating and a $133.00 price objective for the company. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and set a $100.00 target price on shares of Ryman Hospitality Properties in a report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $128.57.

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.