SG Americas Securities LLC Sells 13,085 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

SG Americas Securities LLC reduced its position in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 88.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,746 shares of the real estate investment trust’s stock after selling 13,085 shares during the quarter. SG Americas Securities LLC’s holdings in Ryman Hospitality Properties were worth $192,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. KB Financial Partners LLC bought a new position in Ryman Hospitality Properties in the 1st quarter valued at about $25,000. Lazard Asset Management LLC boosted its stake in shares of Ryman Hospitality Properties by 667.4% in the 1st quarter. Lazard Asset Management LLC now owns 330 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 287 shares in the last quarter. Quarry LP boosted its stake in shares of Ryman Hospitality Properties by 110.8% in the 1st quarter. Quarry LP now owns 430 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 226 shares in the last quarter. Rockefeller Capital Management L.P. boosted its stake in shares of Ryman Hospitality Properties by 118.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 517 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 280 shares in the last quarter. Finally, First Manhattan CO. LLC. acquired a new stake in shares of Ryman Hospitality Properties in the 1st quarter valued at approximately $71,000. 94.48% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on RHP shares. Wells Fargo & Company raised their price target on shares of Ryman Hospitality Properties from $125.00 to $133.00 and gave the company an “overweight” rating in a research note on Thursday, March 21st. StockNews.com upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Friday, February 23rd. Raymond James raised their price target on shares of Ryman Hospitality Properties from $115.00 to $135.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Finally, Truist Financial lifted their target price on shares of Ryman Hospitality Properties from $134.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $118.00.

Insider Transactions at Ryman Hospitality Properties

In other news, COO Patrick S. Chaffin sold 16,189 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $119.74, for a total value of $1,938,470.86. Following the transaction, the chief operating officer now owns 17,618 shares in the company, valued at approximately $2,109,579.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.30% of the company’s stock.

Ryman Hospitality Properties Stock Down 1.5 %

NYSE:RHP opened at $111.05 on Friday. The firm’s 50 day simple moving average is $116.10 and its 200 day simple moving average is $105.31. The company has a debt-to-equity ratio of 5.90, a current ratio of 1.97 and a quick ratio of 1.97. Ryman Hospitality Properties, Inc. has a one year low of $79.86 and a one year high of $122.91. The company has a market cap of $6.65 billion, a PE ratio of 21.44, a P/E/G ratio of 0.79 and a beta of 1.57.

Ryman Hospitality Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be given a $1.10 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.96%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is currently 84.94%.

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.