Fox Run Management L.L.C. Has $383,000 Stake in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Fox Run Management L.L.C. reduced its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 37.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,666 shares of the real estate investment trust’s stock after selling 2,160 shares during the period. Fox Run Management L.L.C.’s holdings in Ryman Hospitality Properties were worth $383,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in RHP. Principal Financial Group Inc. boosted its position in Ryman Hospitality Properties by 41.9% in the third quarter. Principal Financial Group Inc. now owns 3,153,360 shares of the real estate investment trust’s stock valued at $338,168,000 after buying an additional 931,283 shares in the last quarter. Pathstone Holdings LLC boosted its holdings in shares of Ryman Hospitality Properties by 9.6% during the 3rd quarter. Pathstone Holdings LLC now owns 20,528 shares of the real estate investment trust’s stock valued at $2,203,000 after acquiring an additional 1,800 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Ryman Hospitality Properties by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 964,315 shares of the real estate investment trust’s stock worth $103,413,000 after acquiring an additional 6,289 shares during the last quarter. Citigroup Inc. increased its holdings in Ryman Hospitality Properties by 72.9% in the 3rd quarter. Citigroup Inc. now owns 54,239 shares of the real estate investment trust’s stock worth $5,817,000 after purchasing an additional 22,871 shares in the last quarter. Finally, Cerity Partners LLC raised its position in Ryman Hospitality Properties by 6.1% in the third quarter. Cerity Partners LLC now owns 7,919 shares of the real estate investment trust’s stock valued at $849,000 after purchasing an additional 452 shares during the last quarter. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Ryman Hospitality Properties Stock Down 0.6 %

Shares of NYSE:RHP opened at $94.18 on Thursday. Ryman Hospitality Properties, Inc. has a 1 year low of $92.04 and a 1 year high of $121.77. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.73. The business’s 50-day moving average is $100.44 and its 200-day moving average is $106.22. The company has a market capitalization of $5.64 billion, a price-to-earnings ratio of 21.45, a P/E/G ratio of 2.71 and a beta of 1.65.

Ryman Hospitality Properties (NYSE:RHP) last issued its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.94. The firm had revenue of $647.63 million for 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%. Equities research analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current year.

Ryman Hospitality Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 4.88%. The ex-dividend date is Monday, March 31st. Ryman Hospitality Properties’s payout ratio is 104.78%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on RHP shares. StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Saturday, March 1st. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $100.00 price target on shares of Ryman Hospitality Properties in a research note on Friday, December 13th. Wells Fargo & Company reduced their price objective on shares of 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. Truist Financial lowered their target price on Ryman Hospitality Properties from $133.00 to $127.00 and set a “buy” rating for the company in a research report on Friday, March 21st. Finally, BMO Capital Markets initiated coverage on Ryman Hospitality Properties in a research report on Monday, December 9th. They issued an “outperform” rating and a $133.00 price target on the stock. One equities research 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. According to MarketBeat, Ryman Hospitality Properties presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.67.

Insider Buying and Selling at Ryman Hospitality Properties

In related news, 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 completion of the sale, the director now owns 2,675 shares of the company’s stock, valued at approximately $259,555.25. This trade represents a 15.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Colin V. Reed acquired 8,231 shares of the stock in a transaction on Wednesday, February 26th. The shares were acquired at an average price of $97.54 per share, for a total transaction of $802,851.74. Following the acquisition, the chairman now owns 832,260 shares of the company’s stock, valued at approximately $81,178,640.40. The trade was a 1.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 3.00% of the company’s stock.

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.