Sei Investments Co. Sells 23,496 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Sei Investments Co. trimmed its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 7.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 278,819 shares of the real estate investment trust’s stock after selling 23,496 shares during the quarter. Sei Investments Co. owned 0.47% of Ryman Hospitality Properties worth $29,092,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Quarry LP bought a new position in Ryman Hospitality Properties during the 3rd quarter valued at about $28,000. Heck Capital Advisors LLC purchased a new position in shares of Ryman Hospitality Properties during the fourth quarter valued at approximately $31,000. Harvest Fund Management Co. Ltd bought a new position in shares of Ryman Hospitality Properties during the fourth quarter valued at approximately $72,000. Venturi Wealth Management LLC purchased a new stake in shares of Ryman Hospitality Properties in the fourth quarter worth approximately $83,000. Finally, Blue Trust Inc. lifted its stake in shares of Ryman Hospitality Properties by 23.4% during the 4th quarter. Blue Trust Inc. now owns 845 shares of the real estate investment trust’s stock worth $91,000 after acquiring an additional 160 shares during the last quarter. Institutional investors own 94.48% of the company’s stock.

Insiders Place Their Bets

In other news, Director Alvin L. Bowles, Jr. sold 473 shares of Ryman Hospitality Properties stock in a transaction that occurred on Wednesday, February 26th. The shares were 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 of the company’s stock, valued at $259,555.25. The trade was a 15.03 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Colin V. Reed bought 8,231 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The shares were purchased at an average cost of $97.54 per share, with a total value of $802,851.74. Following 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 disclosure for this purchase can be found here. 3.00% of the stock is currently owned by corporate insiders.

Ryman Hospitality Properties Price Performance

Shares of RHP opened at $94.84 on Wednesday. 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 company has a 50 day moving average price of $100.63 and a 200-day moving average price of $106.31. Ryman Hospitality Properties, Inc. has a fifty-two week low of $92.04 and a fifty-two week high of $121.77. The stock has a market capitalization of $5.68 billion, a PE ratio of 21.60, a PEG ratio of 2.71 and a beta of 1.65.

Ryman Hospitality Properties (NYSE:RHP) last posted its earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $647.63 million during the quarter, compared to analyst estimates of $656.01 million. Equities analysts predict that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $1.15 dividend. The ex-dividend date is Monday, March 31st. This represents a $4.60 annualized dividend and a yield of 4.85%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 104.78%.

Wall Street Analyst Weigh In

Several brokerages have commented on RHP. StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Saturday, March 1st. BMO Capital Markets started coverage on shares of Ryman Hospitality Properties in a research note on Monday, December 9th. They issued an “outperform” rating and a $133.00 price target on the stock. Truist Financial lowered their price objective on shares of Ryman Hospitality Properties from $133.00 to $127.00 and set a “buy” rating for the company in a research report on Friday, March 21st. Wells Fargo & Company reduced their target price on shares of Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $100.00 price target on shares of Ryman Hospitality Properties in a report on Friday, December 13th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Ryman Hospitality Properties presently has an average rating of “Moderate Buy” and an average price target of $124.67.

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.