Greystone Financial Group LLC Sells 32,681 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Greystone Financial Group LLC decreased its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 88.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,361 shares of the real estate investment trust’s stock after selling 32,681 shares during the period. Greystone Financial Group LLC’s holdings in Ryman Hospitality Properties were worth $436,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of RHP. Van ECK Associates Corp lifted its position in Ryman Hospitality Properties by 20.9% during the 4th quarter. Van ECK Associates Corp now owns 8,180 shares of the real estate investment trust’s stock valued at $900,000 after acquiring an additional 1,414 shares during the period. Victory Capital Management Inc. lifted its position in Ryman Hospitality Properties by 21.1% during the 4th quarter. Victory Capital Management Inc. now owns 23,056 shares of the real estate investment trust’s stock valued at $2,538,000 after acquiring an additional 4,014 shares during the period. Natixis Advisors L.P. lifted its position in Ryman Hospitality Properties by 3.7% during the 4th quarter. Natixis Advisors L.P. now owns 31,433 shares of the real estate investment trust’s stock valued at $3,459,000 after acquiring an additional 1,126 shares during the period. Los Angeles Capital Management LLC purchased a new position in Ryman Hospitality Properties during the 4th quarter valued at about $973,000. Finally, Metis Global Partners LLC lifted its position in Ryman Hospitality Properties by 15.1% during the 4th quarter. Metis Global Partners LLC now owns 4,028 shares of the real estate investment trust’s stock valued at $443,000 after acquiring an additional 527 shares during the period. Institutional investors own 94.48% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on RHP shares. JPMorgan Chase & Co. lifted their price target on shares of Ryman Hospitality Properties from $104.00 to $105.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Truist Financial decreased their target price on shares of 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 shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $118.71.

Insider Activity at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Director William E. Haslam bought 9,972 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was bought at an average cost of $100.28 per share, for a total transaction of $999,992.16. Following the completion of the transaction, the director now owns 22,790 shares of the company’s stock, valued at approximately $2,285,381.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Chairman Colin V. Reed purchased 8,077 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was acquired at an average cost of $97.78 per share, for a total transaction of $789,769.06. Following the completion of the transaction, the chairman now directly owns 827,220 shares in the company, valued at approximately $80,885,571.60. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director William E. Haslam purchased 9,972 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was purchased at an average price of $100.28 per share, with a total value of $999,992.16. Following the completion of the transaction, 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 company insiders.

Ryman Hospitality Properties Stock Performance

Shares of RHP traded up $0.36 during mid-day trading on Friday, hitting $99.29. 323,847 shares of the company traded hands, compared to its average volume of 449,896. The company has a debt-to-equity ratio of 5.96, a quick ratio of 1.92 and a current ratio of 1.92. The stock has a 50-day moving average price of $100.88 and a two-hundred day moving average price of $106.28. Ryman Hospitality Properties, Inc. has a 1 year low of $79.86 and a 1 year high of $122.91. The stock has a market cap of $5.95 billion, a price-to-earnings ratio of 20.56, a P/E/G ratio of 2.22 and a beta of 1.64.

Ryman Hospitality Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a dividend of $1.10 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $4.40 annualized dividend and a dividend yield of 4.43%. Ryman Hospitality Properties’s payout ratio is 91.10%.

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.