Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Sold by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC cut its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 2.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,023 shares of the real estate investment trust’s stock after selling 517 shares during the period. Kovitz Investment Group Partners LLC’s holdings in Ryman Hospitality Properties were worth $2,611,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Principal Financial Group Inc. lifted its stake in Ryman Hospitality Properties by 41.9% during the third quarter. Principal Financial Group Inc. now owns 3,153,360 shares of the real estate investment trust’s stock worth $338,168,000 after purchasing an additional 931,283 shares in the last quarter. Cooke & Bieler LP acquired a new position in Ryman Hospitality Properties during the fourth quarter worth $74,811,000. Hamlin Capital Management LLC acquired a new position in Ryman Hospitality Properties during the fourth quarter worth $65,142,000. Norges Bank acquired a new position in Ryman Hospitality Properties during the fourth quarter worth $29,448,000. Finally, Victory Capital Management Inc. lifted its stake in Ryman Hospitality Properties by 87.3% during the fourth quarter. Victory Capital Management Inc. now owns 547,639 shares of the real estate investment trust’s stock worth $57,141,000 after purchasing an additional 255,229 shares in the last quarter. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Ryman Hospitality Properties Trading Up 1.5 %

NYSE:RHP opened at $87.58 on Tuesday. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.73 and a current ratio of 1.73. Ryman Hospitality Properties, Inc. has a 1 year low of $76.27 and a 1 year high of $121.77. The stock has a market cap of $5.25 billion, a P/E ratio of 19.95, a P/E/G ratio of 2.71 and a beta of 1.38. The stock has a 50-day simple moving average of $91.67 and a 200-day simple moving average of $102.60.

Ryman Hospitality Properties (NYSE:RHP) last posted its earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.94. The firm had revenue of $647.63 million during the quarter, compared to analysts’ expectations 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 earnings per share for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 5.25%. The ex-dividend date was Monday, March 31st. Ryman Hospitality Properties’s payout ratio is 104.78%.

Insider Buying and Selling

In other Ryman Hospitality Properties news, Director Alvin L. Bowles, Jr. sold 473 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was 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. The trade was a 15.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Colin V. Reed acquired 8,231 shares of Ryman Hospitality Properties stock in a transaction on Wednesday, February 26th. The stock was purchased at an average price of $97.54 per share, with a total value of $802,851.74. Following the purchase, the chairman now owns 832,260 shares of the company’s stock, valued at $81,178,640.40. The trade was a 1.00 % increase in their position. The disclosure for this purchase can be found here. 5.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

RHP has been the topic of a number of research reports. Truist Financial decreased their price target on Ryman Hospitality Properties from $133.00 to $127.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. StockNews.com upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Saturday, March 1st. Wells Fargo & Company reduced their price objective on Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. Evercore ISI reduced their price objective on Ryman Hospitality Properties from $130.00 to $120.00 and set an “outperform” rating on the stock in a research note on Monday. Finally, Jefferies Financial Group reduced their price objective on Ryman Hospitality Properties from $118.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $119.71.

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.