Ryman Hospitality Properties, Inc. $RHP Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC lowered its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 24.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,346 shares of the real estate investment trust’s stock after selling 5,640 shares during the quarter. Voya Investment Management LLC’s holdings in Ryman Hospitality Properties were worth $1,554,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Geneos Wealth Management Inc. increased its position in shares of 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 boosted its stake in Ryman Hospitality Properties by 492.9% during 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 period. Smartleaf Asset Management LLC increased its position in shares of Ryman Hospitality Properties by 140.3% during 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 during the last quarter. First Community Trust NA raised its stake in shares of Ryman Hospitality Properties by 20.0% in 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 period. Finally, Fifth Third Bancorp lifted its holdings in shares of Ryman Hospitality Properties by 31.3% in 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 during the last quarter. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on RHP. Morgan Stanley started coverage on shares of Ryman Hospitality Properties in a report on Wednesday, October 22nd. They issued an “equal weight” rating and a $92.00 target price for the company. Cantor Fitzgerald assumed coverage on Ryman Hospitality Properties in a research report on Wednesday, October 1st. They set an “overweight” rating and a $108.00 price target for the company. Wall Street Zen raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Ryman Hospitality Properties in a research note on Friday, October 31st. Finally, Wells Fargo & Company lowered their target price on Ryman Hospitality Properties from $114.00 to $109.00 and set an “overweight” rating for the company in a report on Monday, December 1st. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $108.56.

Ryman Hospitality Properties Price Performance

Shares of NYSE RHP opened at $96.92 on Tuesday. The company has a debt-to-equity ratio of 4.98, a current ratio of 1.49 and a quick ratio of 1.49. The company has a market cap of $6.11 billion, a price-to-earnings ratio of 25.64, a price-to-earnings-growth ratio of 2.38 and a beta of 1.22. The stock’s 50-day moving average is $93.34 and its two-hundred day moving average is $95.50. Ryman Hospitality Properties, Inc. has a 1-year low of $76.27 and a 1-year high of $108.42.

Ryman Hospitality Properties (NYSE:RHP) last announced its quarterly earnings data on Tuesday, November 4th. The real estate investment trust reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $573.40 million. During the same quarter last year, the business posted $1.93 EPS. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. Analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

Ryman Hospitality Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be given a $1.20 dividend. 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 5.0%. This is a boost from Ryman Hospitality Properties’s previous quarterly dividend of $1.15. Ryman Hospitality Properties’s payout ratio is currently 126.98%.

Insider Buying and Selling at Ryman Hospitality Properties

In other news, Chairman Colin V. Reed acquired 8,993 shares of the firm’s stock in a transaction dated Friday, November 7th. The stock was acquired at an average cost of $92.16 per share, with a total value of $828,794.88. Following the transaction, the chairman owned 888,010 shares in the company, valued at approximately $81,839,001.60. This trade represents a 1.02% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 5.00% of the company’s stock.

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.