Mutual of America Capital Management LLC Sells 222 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Mutual of America Capital Management LLC trimmed its position in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 0.9% during the third quarter, Holdings Channel reports. The institutional investor owned 23,705 shares of the real estate investment trust’s stock after selling 222 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Ryman Hospitality Properties were worth $2,542,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Harbor Capital Advisors Inc. boosted its holdings in Ryman Hospitality Properties by 378.7% in the second quarter. Harbor Capital Advisors Inc. now owns 21,329 shares of the real estate investment trust’s stock valued at $2,130,000 after acquiring an additional 16,873 shares during the last quarter. PGGM Investments bought a new position in shares of Ryman Hospitality Properties in the 2nd quarter valued at about $7,512,000. Panagora Asset Management Inc. grew its position in shares of Ryman Hospitality Properties by 11.2% during the 2nd quarter. Panagora Asset Management Inc. now owns 222,745 shares of the real estate investment trust’s stock worth $22,243,000 after buying an additional 22,428 shares during the period. American Century Companies Inc. raised its stake 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 worth $158,404,000 after buying an additional 12,058 shares during the last quarter. Finally, Magnetar Financial LLC acquired a new position in Ryman Hospitality Properties in the second quarter valued at approximately $4,390,000. 94.48% of the stock is owned by institutional investors and hedge funds.

Ryman Hospitality Properties Stock Up 1.7 %

NYSE:RHP opened at $115.71 on Friday. Ryman Hospitality Properties, Inc. has a 1 year low of $93.76 and a 1 year high of $122.91. The stock has a 50-day moving average price of $109.90 and a two-hundred day moving average price of $104.44. The stock has a market cap 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 has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 6.07.

Ryman Hospitality Properties (NYSE:RHP) last released its quarterly earnings data 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 net margin of 14.84% and a return on equity of 61.94%. The business had revenue of $549.90 million for the quarter, compared to the consensus estimate of $545.93 million. During the same quarter last year, the firm earned $1.73 EPS. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. As a group, equities analysts expect that Ryman Hospitality Properties, Inc. will post 8.44 earnings per share for the current year.

Ryman Hospitality Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $1.15 per share. This is an increase from Ryman Hospitality Properties’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $4.60 annualized dividend and a dividend yield of 3.98%. Ryman Hospitality Properties’s dividend payout ratio is currently 78.15%.

Insider Buying and Selling

In related news, Director Alvin L. Bowles, Jr. sold 900 shares of Ryman Hospitality Properties stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $107.32, for a total value of $96,588.00. Following the sale, the director now owns 3,148 shares of the company’s stock, valued at approximately $337,843.36. This trade represents a 22.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Fazal F. Merchant sold 1,269 shares of the business’s stock in a transaction that occurred on 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 sale, the director now owns 4,825 shares in the company, valued at $549,953.50. The trade was a 20.82 % decrease in their position. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

RHP has been the subject of a number of analyst reports. Wells Fargo & Company lowered their target price on shares of Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating for the company in a report on Friday, September 13th. StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Friday, August 9th. Jefferies Financial Group assumed coverage on 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. Truist Financial boosted their target price on Ryman Hospitality Properties from $130.00 to $136.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. Finally, JPMorgan Chase & Co. upped their price target on Ryman Hospitality Properties from $104.00 to $105.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $126.17.

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.