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Hudson Bay Capital Management LP reduced its stake in Ryman Hospitality Properties, Inc. (NYSE: RHP – Free Report) by 59.3% in the third quarter, according to a recent filing with the Securities and Exchange Commission (SEC). The company owns 34,023 shares of the real estate investment trust stock after selling 49,520 shares during the period. Hudson Bay Capital Management LP’s stake in Ryman Hospitality Properties was worth $2,833,000 as of the most recent SEC filing.
Other institutional investors have also recently increased or reduced their holdings in the company. KB Financial Partners LLC purchased a new position in Ryman Hospitality Properties during the first quarter worth approximately $25,000. Lazard Asset Management LLC increased its holdings in shares of Ryman Hospitality Properties by 667.4% in the first quarter. Lazard Asset Management LLC now owns 330 shares of the real estate investment trust’s stock valued at $30,000, after purchasing an additional 287 shares during the period. Quarry LP increased its holdings in shares of Ryman Hospitality Properties by 110.8% in the first quarter. Quarry LP now owns 430 shares of the real estate investment trust’s stock valued at $39,000, after purchasing an additional 226 shares during the period. Rockefeller Capital Management LP raised its holdings in Ryman Hospitality Properties by 118.1% during the fourth quarter. Rockefeller Capital Management LP now owns 517 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 280 shares during the period. Finally, there is First Manhattan Ltd. The first quarter purchased a new position at Ryman Hospitality Properties valued at approximately $71,000. Hedge funds and other institutional investors own 91.23% of the company’s shares.
Analyst rating changes
RHP has been the subject of many research reports. Wells Fargo & Company raised their target price on shares of Ryman Hospitality Properties from $114.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday, December 22nd. StockNews.com raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Friday, February 23rd. Raymond James raised their target price on shares of Ryman Hospitality Properties from $115.00 to $135.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. JPMorgan Chase & Co. raised shares of Ryman Hospitality Properties from an “underweight” rating to a “neutral” rating and set a price target for the company in a research note on Thursday, December 14th. Raised from $89.00 to $102.00. Finally, Truist Financial raised their target price on shares of Ryman Hospitality Properties from $124.00 to $134.00 and gave the company a “buy” rating in a research report on Friday, January 12th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Moderate Buy” and a consensus price target of $116.71, according to MarketBeat.com.
View our latest analysis for RHP
Ryman Hotel property value for money
RHP shares opened at $115.27 on Friday. The company has a debt-to-equity ratio of 5.90, a current ratio of 1.97, and a quick ratio of 1.97. The company’s 50-day moving average price is $114.79 and its 200-day moving average price is $100.98. Ryman Hospitality Properties, Inc. has a one-year low of $77.18 and a one-year high of $122.91. The company has a market capitalization of $6.88 billion, a price-to-earnings ratio of 22.25, a price-to-earnings growth ratio of 0.80, and a beta of 1.57.
Lyman Hospitality Real Estate announces dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors who register on Friday, March 29th will receive a $1.10 dividend. This represents an annualized dividend of $4.40 and a dividend yield of 3.82%. The ex-dividend date for this dividend is Wednesday, March 27. Ryman Hospitality Properties’ payout ratio is 84.94%.
Activities within Ryman Hotel Group
In related news, Chief Operating Officer Patrick S. Chaffin sold 16,189 shares of the company’s stock in a transaction on Thursday, February 29th. The shares were sold for an average price of $119.74, for a total value of $1,938,470.86. Following the completion of the transaction, the chief operating officer now directly owns 17,618 shares of the company’s stock, valued at approximately $2,109,579.32. The transaction was disclosed in a legal document filed with the SEC, which is available through this hyperlink. In related news, Chief Operating Officer Patrick S. Chaffin sold 16,189 shares of the company’s stock in a transaction on Thursday, February 29th. The shares were sold for an average price of $119.74, for a total value of $1,938,470.86. Following the completion of the transaction, the chief operating officer now directly owns 17,618 shares of the company’s stock, valued at approximately $2,109,579.32. The transaction was disclosed in a legal document filed with the SEC, which is available through this hyperlink. Additionally, Chief Operating Officer Patrick S. Chaffin sold 1,380 shares of the company’s stock in a transaction on Tuesday, December 19th. The shares sold for an average price of $109.63, for a total value of $151,289.40. Following the completion of the transaction, the chief operating officer now directly owns 33,807 shares of the company’s stock, valued at $3,706,261.41. Revealing information for the sale can be found here . 3.30% of the shares are owned by insiders.
Ryman Hotel Real Estate Introduction
(free report)
Ryman Hospitality Properties, Inc (NYSE: RHP) is a leading lodging and hotel real estate investment trust specializing in upscale convention center resorts and entertainment experiences. The company’s holdings include Gaylord Opryland Resort and Convention Center; Gaylord Palms Resort and Convention Center; Gaylord Texas Resort and Convention Center; Gaylord National Resort and Convention Center; Gaylord The Gaylord Rockies Resort & Convention Center is one of five of the seven largest non-gaming convention center hotels in the United States (based on total indoor meeting space).
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