Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Sold by Farther Finance Advisors LLC

Farther Finance Advisors LLC reduced its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 21.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 385 shares of the real estate investment trust’s stock after selling 106 shares during the quarter. Farther Finance Advisors LLC’s holdings in Ryman Hospitality Properties were worth $40,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. HighTower Advisors LLC acquired a new stake in Ryman Hospitality Properties in the 4th quarter valued at approximately $262,000. Cooke & Bieler LP acquired a new stake in Ryman Hospitality Properties in the 4th quarter valued at approximately $74,811,000. Daiwa Securities Group Inc. increased its position in shares of Ryman Hospitality Properties by 4.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 20,830 shares of the real estate investment trust’s stock valued at $2,174,000 after purchasing an additional 924 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Ryman Hospitality Properties by 48.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 36,091 shares of the real estate investment trust’s stock valued at $3,766,000 after purchasing an additional 11,753 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in shares of Ryman Hospitality Properties by 369.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 12,738 shares of the real estate investment trust’s stock valued at $1,329,000 after purchasing an additional 10,025 shares during the period. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RHP has been the topic of several research analyst reports. Wells Fargo & Company lowered their price target on Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $100.00 price target on shares of Ryman Hospitality Properties in a research report on Friday, December 13th. StockNews.com upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Saturday, March 1st. BMO Capital Markets initiated coverage on Ryman Hospitality Properties in a research report on Monday, December 9th. They set an “outperform” rating and a $133.00 price target on the stock. Finally, Truist Financial lowered their price target on Ryman Hospitality Properties from $133.00 to $127.00 and set a “buy” rating on the stock in a research report on Friday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.67.

Ryman Hospitality Properties Stock Performance

Shares of NYSE RHP opened at $94.59 on Monday. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 6.07. The stock has a market capitalization of $5.67 billion, a price-to-earnings ratio of 21.55, a PEG ratio of 2.71 and a beta of 1.65. The stock’s fifty day simple moving average is $100.86 and its 200 day simple moving average is $106.36. Ryman Hospitality Properties, Inc. has a 52-week low of $92.04 and a 52-week high of $121.77.

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

Ryman Hospitality Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $1.15 per share. The ex-dividend date is Monday, March 31st. This represents a $4.60 annualized dividend and a yield of 4.86%. Ryman Hospitality Properties’s dividend payout ratio is 104.78%.

Insider Buying and Selling at Ryman Hospitality Properties

In related news, Chairman Colin V. Reed purchased 8,231 shares of the business’s stock in a transaction dated Wednesday, February 26th. The shares were bought at an average price of $97.54 per share, with a total value of $802,851.74. Following the purchase, the chairman now directly owns 832,260 shares in the company, valued at $81,178,640.40. This trade represents a 1.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Alvin L. Bowles, Jr. sold 473 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $97.03, for a total value of $45,895.19. Following the sale, the director now directly owns 2,675 shares in the company, valued at $259,555.25. The trade was a 15.03 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.00% of the company’s stock.

Ryman Hospitality Properties 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.