Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Sold by Copeland Capital Management LLC

Copeland Capital Management LLC decreased its position in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 1.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 337,164 shares of the real estate investment trust’s stock after selling 6,339 shares during the period. Copeland Capital Management LLC’s holdings in Ryman Hospitality Properties were worth $35,180,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in RHP. Quarry LP bought a new position in Ryman Hospitality Properties in the third quarter worth about $28,000. Heck Capital Advisors LLC acquired a new position in Ryman Hospitality Properties during the 4th quarter valued at approximately $31,000. GAMMA Investing LLC boosted its holdings in shares of Ryman Hospitality Properties by 34.6% during the third quarter. GAMMA Investing LLC now owns 401 shares of the real estate investment trust’s stock valued at $43,000 after acquiring an additional 103 shares during the period. Avior Wealth Management LLC boosted its stake in Ryman Hospitality Properties by 44.9% during the 3rd quarter. Avior Wealth Management LLC now owns 442 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 137 shares during the period. Finally, Farther Finance Advisors LLC boosted its position in shares of Ryman Hospitality Properties by 79.9% during the third quarter. Farther Finance Advisors LLC now owns 491 shares of the real estate investment trust’s stock worth $53,000 after buying an additional 218 shares during the period. 94.48% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Fazal F. Merchant sold 1,269 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $113.98, for a total transaction of $144,640.62. Following the transaction, the director now owns 4,825 shares of the company’s stock, valued at approximately $549,953.50. This trade represents a 20.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.00% of the company’s stock.

Wall Street Analysts Forecast Growth

RHP has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. restated an “underweight” rating and set a $100.00 price objective on shares of Ryman Hospitality Properties in a research note on Friday, December 13th. Jefferies Financial Group assumed coverage on shares of Ryman Hospitality Properties in a research note on Wednesday, November 6th. They issued a “buy” rating and a $130.00 price objective on the stock. Wells Fargo & Company increased their price objective on Ryman Hospitality Properties from $124.00 to $130.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. BMO Capital Markets initiated coverage on Ryman Hospitality Properties in a research note on Monday, December 9th. They set an “outperform” rating and a $133.00 price objective for the company. Finally, Truist Financial upped their target price on Ryman Hospitality Properties from $130.00 to $136.00 and gave the company a “buy” rating in a report on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Ryman Hospitality Properties has a consensus rating of “Moderate Buy” and an average target price of $128.57.

Ryman Hospitality Properties Stock Performance

Shares of RHP stock opened at $105.00 on Friday. The company has a market capitalization of $6.29 billion, a price-to-earnings ratio of 18.65, a P/E/G ratio of 2.48 and a beta of 1.67. Ryman Hospitality Properties, Inc. has a 1-year low of $93.76 and a 1-year high of $122.91. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 6.07. The stock’s fifty day simple moving average is $108.51 and its 200-day simple moving average is $106.77.

Ryman Hospitality Properties (NYSE:RHP) last released its earnings results on Monday, November 4th. The real estate investment trust reported $0.94 earnings per share for the quarter, missing the consensus estimate of $1.83 by ($0.89). The business had revenue of $549.90 million for the quarter, compared to analysts’ expectations of $545.93 million. Ryman Hospitality Properties had a net margin of 14.84% and a return on equity of 61.94%. The company’s revenue was up 4.0% compared to the same quarter last year. During the same period last year, the firm earned $1.73 EPS. On average, sell-side analysts predict that Ryman Hospitality Properties, Inc. will post 8.48 earnings per share for the current fiscal year.

Ryman Hospitality Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 4.38%. The ex-dividend date was Tuesday, December 31st. This is a positive change from Ryman Hospitality Properties’s previous quarterly dividend of $1.10. Ryman Hospitality Properties’s dividend payout ratio is currently 81.71%.

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.