Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Sold by United Capital Financial Advisors LLC

United Capital Financial Advisors LLC reduced its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 12.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,463 shares of the real estate investment trust’s stock after selling 340 shares during the period. United Capital Financial Advisors LLC’s holdings in Ryman Hospitality Properties were worth $257,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Heck Capital Advisors LLC purchased a new position in Ryman Hospitality Properties in the 4th quarter worth approximately $31,000. Harvest Fund Management Co. Ltd purchased a new stake in Ryman Hospitality Properties during the 4th quarter worth $72,000. Venturi Wealth Management LLC acquired a new position in Ryman Hospitality Properties in the 4th quarter worth $83,000. Covestor Ltd boosted its position in Ryman Hospitality Properties by 33.3% in 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 during the last quarter. Finally, Blue Trust Inc. increased its position in shares of Ryman Hospitality Properties by 23.4% during the fourth quarter. Blue Trust Inc. now owns 845 shares of the real estate investment trust’s stock worth $91,000 after acquiring an additional 160 shares during the last quarter. Institutional investors and hedge funds own 94.48% of the company’s stock.

Analyst Upgrades and Downgrades

RHP has been the topic of a number of recent analyst reports. Wells Fargo & Company cut their target price 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. Truist Financial decreased their price objective on shares of Ryman Hospitality Properties from $133.00 to $127.00 and set a “buy” rating for the company in a report on Friday, March 21st. StockNews.com raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Saturday, March 1st. Finally, Jefferies Financial Group lowered their price objective on Ryman Hospitality Properties from $118.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Ryman Hospitality Properties has an average rating of “Moderate Buy” and an average price target of $119.67.

Ryman Hospitality Properties Stock Performance

Shares of RHP stock opened at $84.87 on Tuesday. 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 business has a 50 day moving average of $93.32 and a two-hundred day moving average of $103.46. The company has a market cap of $5.09 billion, a P/E ratio of 19.33, a PEG ratio of 2.71 and a beta of 1.38. Ryman Hospitality Properties, Inc. has a 52 week low of $76.27 and a 52 week high of $121.77.

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

Ryman Hospitality Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 5.42%. The ex-dividend date was Monday, March 31st. Ryman Hospitality Properties’s payout ratio is 104.78%.

Insider Buying and Selling at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Chairman Colin V. Reed acquired 8,231 shares of Ryman Hospitality Properties stock in a transaction dated Wednesday, February 26th. The stock was acquired at an average cost of $97.54 per share, for a total transaction of $802,851.74. Following the completion of the transaction, the chairman now owns 832,260 shares in the company, valued at approximately $81,178,640.40. This represents a 1.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Alvin L. Bowles, Jr. sold 473 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director now owns 2,675 shares in the company, valued at approximately $259,555.25. This 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 currently owned by company insiders.

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.