BNP Paribas Financial Markets Sells 13,071 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

BNP Paribas Financial Markets lessened its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 39.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,921 shares of the real estate investment trust’s stock after selling 13,071 shares during the quarter. BNP Paribas Financial Markets’ holdings in Ryman Hospitality Properties were worth $2,079,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RHP. Heck Capital Advisors LLC purchased a new position in Ryman Hospitality Properties during the 4th quarter valued at approximately $31,000. Harvest Fund Management Co. Ltd purchased a new position in Ryman Hospitality Properties during the 4th quarter valued at approximately $72,000. Venturi Wealth Management LLC purchased a new position in Ryman Hospitality Properties during the 4th quarter valued at approximately $83,000. Covestor Ltd grew its holdings in Ryman Hospitality Properties by 33.3% during the 4th quarter. Covestor Ltd now owns 829 shares of the real estate investment trust’s stock valued at $87,000 after buying an additional 207 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in Ryman Hospitality Properties by 23.4% during the 4th quarter. Blue Trust Inc. now owns 845 shares of the real estate investment trust’s stock valued at $91,000 after buying an additional 160 shares in the last quarter. Institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Price Performance

RHP opened at $99.10 on Friday. The business has a fifty day moving average of $90.84 and a 200 day moving average of $101.27. Ryman Hospitality Properties, Inc. has a 52-week low of $76.27 and a 52-week high of $121.77. 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 cap of $5.95 billion, a P/E ratio of 22.57, a PEG ratio of 2.71 and a beta of 1.55.

Ryman Hospitality Properties (NYSE:RHP) last posted its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $2.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.79 by $0.29. Ryman Hospitality Properties had a return on equity of 49.23% and a net margin of 11.61%. The company had revenue of $587.28 million during the quarter, compared to analysts’ expectations of $546.52 million. During the same quarter in the previous year, the business earned $1.60 EPS. Ryman Hospitality Properties’s revenue was up 11.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.

Ryman Hospitality Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 4.64%. The ex-dividend date is Monday, June 30th. Ryman Hospitality Properties’s payout ratio is currently 97.46%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on RHP shares. Evercore ISI cut their price target on Ryman Hospitality Properties from $130.00 to $120.00 and set an “outperform” rating for the company in a report on Monday, April 28th. StockNews.com upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Saturday, March 1st. Wedbush set a $110.00 price target on Ryman Hospitality Properties and gave the company an “outperform” rating in a report on Tuesday, May 6th. Truist Financial cut their price target on Ryman Hospitality Properties from $133.00 to $127.00 and set a “buy” rating for the company in a report on Friday, March 21st. Finally, Wells Fargo & Company dropped their target price on Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating for the company in a report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $116.00.

Insider Activity at Ryman Hospitality Properties

In other news, Chairman Colin V. Reed bought 8,231 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was acquired at an average cost of $97.54 per share, with a total value of $802,851.74. Following the transaction, the chairman now directly owns 832,260 shares in the company, valued at approximately $81,178,640.40. This trade represents a 1.00% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Alvin L. Bowles, Jr. sold 473 shares of Ryman Hospitality Properties stock in a transaction on Wednesday, February 26th. The shares were 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 of the company’s stock, valued at approximately $259,555.25. This trade represents a 15.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.00% of the stock is owned by company insiders.

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.