Y Intercept Hong Kong Ltd Has $815,000 Stock Position in Ryman Hospitality Properties, Inc. $RHP

Y Intercept Hong Kong Ltd reduced its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 48.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,094 shares of the real estate investment trust’s stock after selling 8,579 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Ryman Hospitality Properties were worth $815,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Geneos Wealth Management Inc. increased its holdings in shares of Ryman Hospitality Properties by 240.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 209 shares during the period. AlphaQuest LLC increased its stake in Ryman Hospitality Properties by 492.9% in the 2nd quarter. AlphaQuest LLC now owns 332 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 276 shares during the period. Smartleaf Asset Management LLC lifted its position in Ryman Hospitality Properties by 140.3% in the 2nd quarter. Smartleaf Asset Management LLC now owns 483 shares of the real estate investment trust’s stock worth $49,000 after buying an additional 282 shares in the last quarter. Salomon & Ludwin LLC purchased a new stake in Ryman Hospitality Properties in the 3rd quarter worth approximately $50,000. Finally, CWM LLC boosted its stake in shares of Ryman Hospitality Properties by 22.7% during the 2nd quarter. CWM LLC now owns 888 shares of the real estate investment trust’s stock valued at $88,000 after buying an additional 164 shares during the period. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on RHP shares. Evercore ISI dropped their price target on shares of Ryman Hospitality Properties from $120.00 to $110.00 and set an “outperform” rating on the stock in a research note on Thursday, October 30th. Truist Financial raised their price target on Ryman Hospitality Properties from $120.00 to $121.00 and gave the stock a “buy” rating in a research note on Thursday, December 4th. Barclays set a $109.00 price target on Ryman Hospitality Properties in a report on Tuesday, January 13th. Wall Street Zen upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Ryman Hospitality Properties in a research note on Wednesday, January 28th. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $110.27.

Insider Activity

In other news, Chairman Colin V. Reed bought 8,993 shares of the stock in a transaction that occurred on Friday, November 7th. The shares were acquired at an average cost of $92.16 per share, for a total transaction of $828,794.88. Following the purchase, the chairman owned 888,010 shares of the company’s stock, valued at $81,839,001.60. This represents a 1.02% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 5.00% of the company’s stock.

Ryman Hospitality Properties Stock Performance

Shares of NYSE RHP opened at $94.63 on Tuesday. The business’s 50-day simple moving average is $95.26 and its 200-day simple moving average is $94.43. The company has a debt-to-equity ratio of 4.98, a quick ratio of 1.49 and a current ratio of 1.49. Ryman Hospitality Properties, Inc. has a 52 week low of $76.27 and a 52 week high of $105.51. The firm has a market cap of $5.96 billion, a price-to-earnings ratio of 25.04, a P/E/G ratio of 2.42 and a beta of 1.21.

Ryman Hospitality Properties (NYSE:RHP) last announced its earnings results on Tuesday, November 4th. The real estate investment trust reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.04. Ryman Hospitality Properties had a return on equity of 34.50% and a net margin of 9.58%.The firm had revenue of $592.46 million during the quarter, compared to analysts’ expectations of $573.40 million. During the same quarter in the prior year, the business earned $1.93 earnings per share. The company’s revenue was up 7.7% on a year-over-year basis. As a group, equities research analysts expect that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were paid a $1.20 dividend. The ex-dividend date was Wednesday, December 31st. This is a positive change from Ryman Hospitality Properties’s previous quarterly dividend of $1.15. This represents a $4.80 dividend on an annualized basis and a dividend yield of 5.1%. Ryman Hospitality Properties’s dividend payout ratio is presently 126.98%.

About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc is a publicly traded real estate investment trust (REIT) specializing in the ownership and operation of group‐oriented, large convention center hotel resorts. The company’s portfolio is anchored by its Gaylord Hotels brand, offering integrated resort, convention, entertainment and dining experiences under long‐term management agreements with Marriott International.

Ryman’s flagship properties include Gaylord Opryland Resort & Convention Center in Nashville, Gaylord Texan Resort & Convention Center near Dallas/Fort Worth and Gaylord Palms Resort & Convention Center in Orlando, Florida.