Sei Investments Co. Decreases Stake in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Sei Investments Co. lessened its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 7.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 278,819 shares of the real estate investment trust’s stock after selling 23,496 shares during the period. Sei Investments Co.’s holdings in Ryman Hospitality Properties were worth $29,092,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of RHP. Summit Global Investments lifted its stake in shares of Ryman Hospitality Properties by 2.1% during the fourth quarter. Summit Global Investments now owns 7,597 shares of the real estate investment trust’s stock worth $793,000 after buying an additional 153 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Ryman Hospitality Properties by 86.3% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,967 shares of the real estate investment trust’s stock worth $1,979,000 after acquiring an additional 8,785 shares during the period. Teacher Retirement System of Texas grew its stake in Ryman Hospitality Properties by 51.6% during the 4th quarter. Teacher Retirement System of Texas now owns 11,567 shares of the real estate investment trust’s stock valued at $1,207,000 after purchasing an additional 3,938 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new position in shares of Ryman Hospitality Properties in the fourth quarter valued at about $72,000. Finally, Xponance Inc. raised its stake in shares of Ryman Hospitality Properties by 9.7% in the fourth quarter. Xponance Inc. now owns 4,201 shares of the real estate investment trust’s stock worth $438,000 after purchasing an additional 370 shares during the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Insider Activity

In other Ryman Hospitality Properties news, Director Alvin L. Bowles, Jr. sold 473 shares of the company’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $97.03, for a total transaction of $45,895.19. Following the completion of the transaction, the director now directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Colin V. Reed acquired 8,231 shares of the firm’s stock in a transaction on Wednesday, February 26th. The shares were bought at an average cost of $97.54 per share, for a total transaction of $802,851.74. Following the completion of the acquisition, the chairman now owns 832,260 shares of the company’s stock, valued at approximately $81,178,640.40. This represents a 1.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 3.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on RHP shares. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $100.00 price target on shares of Ryman Hospitality Properties in a report on Friday, December 13th. Truist Financial dropped their price objective on shares of Ryman Hospitality Properties from $133.00 to $127.00 and set a “buy” rating on the stock in a report on Friday, March 21st. StockNews.com upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Saturday, March 1st. BMO Capital Markets began coverage on Ryman Hospitality Properties in a research report on Monday, December 9th. They set an “outperform” rating and a $133.00 price target on the stock. Finally, Wells Fargo & Company decreased their price objective 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 analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $124.67.

Ryman Hospitality Properties Stock Down 1.8 %

RHP opened at $94.84 on Wednesday. The company has a fifty day moving average of $100.63 and a two-hundred day moving average of $106.31. The stock has a market capitalization of $5.68 billion, a price-to-earnings ratio of 21.60, a PEG ratio of 2.71 and a beta of 1.65. Ryman Hospitality Properties, Inc. has a fifty-two week low of $92.04 and a fifty-two week high of $121.77. 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 (NYSE:RHP) last announced its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.94. The firm had revenue of $647.63 million during the quarter, compared to analyst estimates of $656.01 million. Ryman Hospitality Properties had a return on equity of 49.23% and a net margin of 11.61%. On average, research analysts expect that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current year.

Ryman Hospitality Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 4.85%. The ex-dividend date of this dividend is Monday, March 31st. Ryman Hospitality Properties’s payout ratio is 104.78%.

Ryman Hospitality Properties Company 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.