Heitman Real Estate Securities LLC Decreases Holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Heitman Real Estate Securities LLC lowered its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 33.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 306,075 shares of the real estate investment trust’s stock after selling 154,123 shares during the period. Ryman Hospitality Properties makes up 1.8% of Heitman Real Estate Securities LLC’s investment portfolio, making the stock its 25th largest holding. Heitman Real Estate Securities LLC’s holdings in Ryman Hospitality Properties were worth $32,823,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Harbor Capital Advisors Inc. increased its stake in Ryman Hospitality Properties by 378.7% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 21,329 shares of the real estate investment trust’s stock valued at $2,130,000 after purchasing an additional 16,873 shares in the last quarter. PGGM Investments purchased a new position in shares of Ryman Hospitality Properties during the 2nd quarter valued at approximately $7,512,000. Panagora Asset Management Inc. raised its stake in shares of Ryman Hospitality Properties by 11.2% during the second quarter. Panagora Asset Management Inc. now owns 222,745 shares of the real estate investment trust’s stock valued at $22,243,000 after purchasing an additional 22,428 shares in the last quarter. American Century Companies Inc. lifted its stake in Ryman Hospitality Properties by 0.8% in the 2nd quarter. American Century Companies Inc. now owns 1,586,256 shares of the real estate investment trust’s stock worth $158,404,000 after acquiring an additional 12,058 shares in the last quarter. Finally, Magnetar Financial LLC acquired a new stake in shares of Ryman Hospitality Properties in the second quarter valued at about $4,390,000. Institutional investors own 94.48% of the company’s stock.

Insider Buying and Selling at Ryman Hospitality Properties

In related news, Director Alvin L. Bowles, Jr. sold 900 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $107.32, for a total value of $96,588.00. Following the completion of the transaction, the director now directly owns 3,148 shares in the company, valued at approximately $337,843.36. This represents a 22.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Fazal F. Merchant sold 1,269 shares of Ryman Hospitality Properties stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $113.98, for a total transaction of $144,640.62. Following the completion of the transaction, the director now directly owns 4,825 shares of the company’s stock, valued at approximately $549,953.50. This represents a 20.82 % decrease in their position. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently commented on RHP. Wells Fargo & Company cut their price objective on shares of Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating on the stock in a research report on Friday, September 13th. Truist Financial raised their price objective on Ryman Hospitality Properties from $130.00 to $136.00 and gave the company a “buy” rating in a report on Monday, November 18th. StockNews.com upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Friday, August 9th. Finally, Jefferies Financial Group assumed coverage on Ryman Hospitality Properties in a research report on Wednesday, November 6th. They set a “buy” rating and a $130.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $126.17.

Ryman Hospitality Properties Trading Up 0.3 %

NYSE:RHP opened at $117.59 on Tuesday. The business’s 50-day moving average price is $111.23 and its two-hundred day moving average price is $104.90. Ryman Hospitality Properties, Inc. has a 1-year low of $93.76 and a 1-year high of $122.91. The firm has a market capitalization of $7.04 billion, a price-to-earnings ratio of 20.89, a PEG ratio of 2.96 and a beta of 1.65. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 6.07.

Ryman Hospitality Properties (NYSE:RHP) last announced its earnings results on Monday, November 4th. The real estate investment trust reported $0.94 EPS for the quarter, missing the consensus estimate of $1.83 by ($0.89). The company had revenue of $549.90 million during the quarter, compared to the consensus estimate of $545.93 million. Ryman Hospitality Properties had a net margin of 14.84% and a return on equity of 61.94%. The business’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.73 earnings per share. On average, equities analysts expect that Ryman Hospitality Properties, Inc. will post 8.44 earnings per share for the current year.

Ryman Hospitality Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $1.15 dividend. The ex-dividend date is Tuesday, December 31st. This is a boost from Ryman Hospitality Properties’s previous quarterly dividend of $1.10. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.91%. Ryman Hospitality Properties’s dividend payout ratio is 78.15%.

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.