Kovitz Investment Group Partners LLC Cuts Stock Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Kovitz Investment Group Partners LLC lessened its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 2.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 25,023 shares of the real estate investment trust’s stock after selling 517 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in Ryman Hospitality Properties were worth $2,611,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of RHP. Principal Financial Group Inc. raised its stake in shares of 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 during the last quarter. Barclays PLC raised its stake in shares of Ryman Hospitality Properties by 238.2% during the third quarter. Barclays PLC now owns 108,345 shares of the real estate investment trust’s stock worth $11,619,000 after purchasing an additional 76,311 shares during the last quarter. Tidal Investments LLC raised its stake in shares of Ryman Hospitality Properties by 2.1% during the third quarter. Tidal Investments LLC now owns 7,264 shares of the real estate investment trust’s stock worth $779,000 after purchasing an additional 152 shares during the last quarter. Nordea Investment Management AB raised its stake in shares of Ryman Hospitality Properties by 4.3% during the fourth quarter. Nordea Investment Management AB now owns 111,201 shares of the real estate investment trust’s stock worth $11,689,000 after purchasing an additional 4,592 shares during the last quarter. Finally, Diversified Trust Co raised its stake in shares of Ryman Hospitality Properties by 9.3% during the fourth quarter. Diversified Trust Co now owns 7,907 shares of the real estate investment trust’s stock worth $825,000 after purchasing an additional 676 shares during the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Activity

In related news, Chairman Colin V. Reed acquired 8,231 shares of Ryman Hospitality Properties stock in a transaction dated Wednesday, February 26th. The shares were acquired at an average cost of $97.54 per share, for a total transaction of $802,851.74. Following the completion of the transaction, the chairman now directly owns 832,260 shares of the company’s stock, valued at $81,178,640.40. The trade was a 1.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Alvin L. Bowles, Jr. sold 473 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $97.03, for a total value of $45,895.19. Following the transaction, the director now owns 2,675 shares in the company, valued at $259,555.25. This trade represents a 15.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.00% of the company’s stock.

Ryman Hospitality Properties Stock Up 1.5 %

Ryman Hospitality Properties stock 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. The firm has a market capitalization of $5.25 billion, a price-to-earnings ratio of 19.95, a price-to-earnings-growth ratio of 2.71 and a beta of 1.38. Ryman Hospitality Properties, Inc. has a fifty-two week low of $76.27 and a fifty-two week high of $121.77. The stock’s fifty day moving average is $91.67 and its two-hundred day moving average is $102.60.

Ryman Hospitality Properties (NYSE:RHP) last issued its quarterly earnings data 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. Ryman Hospitality Properties had a return on equity of 49.23% and a net margin of 11.61%. The business had revenue of $647.63 million for the quarter, compared to the consensus estimate of $656.01 million. Analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

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

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.