Ryman Hospitality Properties, Inc. $RHP Holdings Cut by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust cut its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 6.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 92,807 shares of the real estate investment trust’s stock after selling 6,749 shares during the quarter. Emerald Mutual Fund Advisers Trust owned approximately 0.15% of Ryman Hospitality Properties worth $8,315,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in RHP. State Street Corp grew its stake in Ryman Hospitality Properties by 0.6% during the 2nd quarter. State Street Corp now owns 3,375,908 shares of the real estate investment trust’s stock worth $336,901,000 after buying an additional 20,756 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Ryman Hospitality Properties by 0.6% during the second quarter. Geode Capital Management LLC now owns 1,502,288 shares of the real estate investment trust’s stock valued at $148,248,000 after acquiring an additional 9,629 shares during the period. American Century Companies Inc. grew its position in shares of Ryman Hospitality Properties by 13.6% during the second quarter. American Century Companies Inc. now owns 1,212,052 shares of the real estate investment trust’s stock worth $119,593,000 after acquiring an additional 144,870 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Ryman Hospitality Properties by 8.6% during the second quarter. Charles Schwab Investment Management Inc. now owns 1,076,243 shares of the real estate investment trust’s stock worth $106,193,000 after acquiring an additional 85,195 shares during the last quarter. Finally, Gamco Investors INC. ET AL increased its holdings in shares of Ryman Hospitality Properties by 0.6% in the 2nd quarter. Gamco Investors INC. ET AL now owns 965,737 shares of the real estate investment trust’s stock worth $95,289,000 after acquiring an additional 5,411 shares during the period. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Ryman Hospitality Properties news, Chairman Colin V. Reed purchased 8,993 shares of the business’s stock in a transaction on Friday, November 7th. The stock was bought at an average cost of $92.16 per share, with a total value of $828,794.88. Following the acquisition, the chairman owned 888,010 shares of the company’s stock, valued at $81,839,001.60. The trade was a 1.02% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 5.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on RHP shares. Truist Financial boosted their target price on shares of Ryman Hospitality Properties from $120.00 to $121.00 and gave the company a “buy” rating in a research note on Thursday, December 4th. Wells Fargo & Company cut their price target on Ryman Hospitality Properties from $114.00 to $109.00 and set an “overweight” rating on the stock in a report on Monday, December 1st. Morgan Stanley set a $88.00 price objective on Ryman Hospitality Properties in a research report on Friday, January 16th. Wall Street Zen upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Evercore ISI cut their target price on Ryman Hospitality Properties from $120.00 to $110.00 and set an “outperform” rating on the stock in a research note on Thursday, October 30th. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold 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 $110.27.

Ryman Hospitality Properties Price Performance

Shares of NYSE:RHP opened at $96.53 on Friday. The stock has a market cap of $6.08 billion, a price-to-earnings ratio of 25.54, a PEG ratio of 2.43 and a beta of 1.22. The company has a debt-to-equity ratio of 4.98, a current ratio of 1.49 and a quick ratio of 1.49. Ryman Hospitality Properties, Inc. has a 12 month low of $76.27 and a 12 month high of $108.42. The stock’s 50 day moving average price is $94.97 and its 200 day moving average price is $94.92.

Ryman Hospitality Properties (NYSE:RHP) last issued its quarterly earnings results on Tuesday, November 4th. The real estate investment trust reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.04. Ryman Hospitality Properties had a return on equity of 34.50% and a net margin of 9.58%.The company had revenue of $592.46 million for the quarter, compared to analysts’ expectations of $573.40 million. During the same period last year, the firm earned $1.93 EPS. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. Equities research analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were given a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 5.0%. This is a boost from Ryman Hospitality Properties’s previous quarterly dividend of $1.15. The ex-dividend date was Wednesday, December 31st. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 126.98%.

Ryman Hospitality Properties Profile

Ryman Hospitality Properties, Inc is a publicly traded real estate investment trust (REIT) specializing in the ownership and operation of group‐oriented, large convention center hotel resorts. The company’s portfolio is anchored by its Gaylord Hotels brand, offering integrated resort, convention, entertainment and dining experiences under long‐term management agreements with Marriott International.

Ryman’s flagship properties include Gaylord Opryland Resort & Convention Center in Nashville, Gaylord Texan Resort & Convention Center near Dallas/Fort Worth and Gaylord Palms Resort & Convention Center in Orlando, Florida.