Ryman Hospitality Properties, Inc. $RHP Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans decreased its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 31.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 63,864 shares of the real estate investment trust’s stock after selling 29,919 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.10% of Ryman Hospitality Properties worth $6,301,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Geneos Wealth Management Inc. increased its holdings in Ryman Hospitality Properties by 240.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 209 shares during the last quarter. AlphaQuest LLC increased its stake in shares of Ryman Hospitality Properties by 492.9% in the second quarter. AlphaQuest LLC now owns 332 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 276 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in Ryman Hospitality Properties by 140.3% in the second quarter. Smartleaf Asset Management LLC now owns 483 shares of the real estate investment trust’s stock valued at $49,000 after acquiring an additional 282 shares in the last quarter. First Community Trust NA boosted its stake in Ryman Hospitality Properties by 20.0% during the 2nd quarter. First Community Trust NA now owns 600 shares of the real estate investment trust’s stock valued at $59,000 after acquiring an additional 100 shares during the last quarter. Finally, Fifth Third Bancorp grew its holdings in Ryman Hospitality Properties by 31.3% during the 2nd quarter. Fifth Third Bancorp now owns 756 shares of the real estate investment trust’s stock worth $75,000 after acquiring an additional 180 shares in the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on RHP shares. Wells Fargo & Company reduced their price target on shares of Ryman Hospitality Properties from $114.00 to $109.00 and set an “overweight” rating on the stock in a research report on Monday, December 1st. Truist Financial increased their target price on Ryman Hospitality Properties from $120.00 to $121.00 and gave the stock a “buy” rating in a report on Thursday, December 4th. Evercore ISI lowered their price target on Ryman Hospitality Properties from $120.00 to $110.00 and set an “outperform” rating for the company in a report on Thursday, October 30th. Wall Street Zen raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Morgan Stanley assumed coverage on shares of Ryman Hospitality Properties in a report on Wednesday, October 22nd. They issued an “equal weight” rating and a $92.00 price objective for the company. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $108.56.

Ryman Hospitality Properties Stock Down 0.8%

Shares of Ryman Hospitality Properties stock opened at $97.84 on Friday. The stock has a market capitalization of $6.16 billion, a price-to-earnings ratio of 25.88, a PEG ratio of 2.41 and a beta of 1.22. Ryman Hospitality Properties, Inc. has a twelve month low of $76.27 and a twelve month high of $108.42. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 4.98. The business’s 50 day simple moving average is $92.13 and its 200-day simple moving average is $95.54.

Ryman Hospitality Properties (NYSE:RHP) last released its quarterly earnings data on Tuesday, November 4th. The real estate investment trust reported $1.63 earnings per share (EPS) for the quarter, beating 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 business had revenue of $592.46 million during the quarter, compared to analyst estimates of $573.40 million. During the same quarter in the previous year, the firm posted $1.93 EPS. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. Equities research analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current year.

Ryman Hospitality Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be issued a $1.20 dividend. This is a boost from Ryman Hospitality Properties’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $4.80 dividend on an annualized basis and a dividend yield of 4.9%. Ryman Hospitality Properties’s dividend payout ratio is 121.69%.

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.