Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Sold by Entropy Technologies LP

Entropy Technologies LP decreased its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 13.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,273 shares of the real estate investment trust’s stock after selling 3,769 shares during the period. Entropy Technologies LP’s holdings in Ryman Hospitality Properties were worth $2,922,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Ryman Hospitality Properties by 2.7% in the 3rd quarter. Vanguard Group Inc. now owns 8,307,026 shares of the real estate investment trust’s stock worth $691,809,000 after acquiring an additional 216,137 shares during the period. Public Employees Retirement System of Ohio grew its holdings in Ryman Hospitality Properties by 9.0% during the third quarter. Public Employees Retirement System of Ohio now owns 86,090 shares of the real estate investment trust’s stock worth $7,170,000 after acquiring an additional 7,142 shares during the period. Diversified Trust Co grew its stake in shares of Ryman Hospitality Properties by 6.0% during the 4th quarter. Diversified Trust Co now owns 6,809 shares of the real estate investment trust’s stock worth $749,000 after purchasing an additional 388 shares during the period. Raymond James & Associates grew its position in Ryman Hospitality Properties by 39.6% during the fourth quarter. Raymond James & Associates now owns 8,146 shares of the real estate investment trust’s stock worth $897,000 after buying an additional 2,310 shares during the period. Finally, Reinhart Partners LLC. increased its stake in Ryman Hospitality Properties by 9.6% in the 4th quarter. Reinhart Partners LLC. now owns 437,788 shares of the real estate investment trust’s stock valued at $48,183,000 after purchasing an additional 38,270 shares in the last quarter. Institutional investors and hedge funds own 94.48% of the company’s stock.

Ryman Hospitality Properties Stock Up 1.1 %

RHP traded up $1.15 during midday trading on Wednesday, hitting $106.22. 570,034 shares of the company’s stock traded hands, compared to its average volume of 437,816. The company has a market cap of $6.36 billion, a PE ratio of 21.99, a price-to-earnings-growth ratio of 2.15 and a beta of 1.64. The stock’s fifty day simple moving average is $101.83 and its 200-day simple moving average is $109.12. The company has a debt-to-equity ratio of 6.33, a current ratio of 1.99 and a quick ratio of 1.99. Ryman Hospitality Properties, Inc. has a one year low of $79.86 and a one year high of $122.91.

Ryman Hospitality Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 4.14%. The ex-dividend date was Friday, June 28th. Ryman Hospitality Properties’s dividend payout ratio is currently 91.10%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft cut their target price on shares of Ryman Hospitality Properties from $141.00 to $136.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. Wells Fargo & Company raised their target price on shares of Ryman Hospitality Properties from $125.00 to $133.00 and gave the company an “overweight” rating in a research note on Thursday, March 21st. Truist Financial decreased their price target on Ryman Hospitality Properties from $135.00 to $130.00 and set a “buy” rating for the company in a report on Thursday, May 30th. Finally, StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Monday, July 8th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $118.29.

Insider Buying and Selling

In other Ryman Hospitality Properties news, Director William E. Haslam bought 9,972 shares of the firm’s stock in a transaction dated Thursday, June 13th. The shares were acquired at an average cost of $100.28 per share, for a total transaction of $999,992.16. Following the transaction, the director now owns 22,790 shares in the company, valued at $2,285,381.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Christine Pantoya sold 1,491 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $105.94, for a total value of $157,956.54. Following the transaction, the director now directly owns 4,973 shares in the company, valued at $526,839.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director William E. Haslam acquired 9,972 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The shares were bought at an average cost of $100.28 per share, with a total value of $999,992.16. Following the completion of the purchase, the director now owns 22,790 shares of the company’s stock, valued at $2,285,381.20. The disclosure for this purchase can be found here. 3.00% of the stock is currently owned by 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.