Sumitomo Mitsui Trust Group Inc. Decreases Holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Sumitomo Mitsui Trust Group Inc. trimmed its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 3.9% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 84,656 shares of the real estate investment trust’s stock after selling 3,474 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Ryman Hospitality Properties were worth $9,079,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Quadrature Capital Ltd raised its holdings in shares of Ryman Hospitality Properties by 94.3% during the 1st quarter. Quadrature Capital Ltd now owns 20,639 shares of the real estate investment trust’s stock valued at $2,389,000 after buying an additional 10,015 shares in the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of Ryman Hospitality Properties by 378.7% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 21,329 shares of the real estate investment trust’s stock valued at $2,130,000 after buying an additional 16,873 shares in the last quarter. PGGM Investments purchased a new position in shares of Ryman Hospitality Properties during the 2nd quarter valued at about $7,512,000. Bessemer Group Inc. raised its holdings in shares of Ryman Hospitality Properties by 7.5% during the 1st quarter. Bessemer Group Inc. now owns 121,203 shares of the real estate investment trust’s stock valued at $14,012,000 after buying an additional 8,430 shares in the last quarter. Finally, EntryPoint Capital LLC raised its holdings in shares of Ryman Hospitality Properties by 398.1% during the 1st quarter. EntryPoint Capital LLC now owns 1,056 shares of the real estate investment trust’s stock valued at $122,000 after buying an additional 844 shares in the last quarter. 94.48% of the stock is owned by hedge funds and other institutional investors.

Ryman Hospitality Properties Price Performance

Shares of RHP stock opened at $111.41 on Monday. The firm has a market cap of $6.67 billion, a P/E ratio of 19.79, a P/E/G ratio of 1.96 and a beta of 1.65. Ryman Hospitality Properties, Inc. has a fifty-two week low of $93.76 and a fifty-two week high of $122.91. The business’s 50 day moving average price is $108.64 and its 200-day moving average price is $104.16. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.73 and a current ratio of 1.73.

Ryman Hospitality Properties (NYSE:RHP) last issued its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.94 earnings per share for the quarter, missing analysts’ consensus estimates of $1.83 by ($0.89). The business had revenue of $549.90 million during the quarter, compared to the consensus estimate of $545.93 million. Ryman Hospitality Properties had a return on equity of 61.94% and a net margin of 14.84%. Ryman Hospitality Properties’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.73 earnings per share. On average, equities research analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.44 earnings per share for the current year.

Ryman Hospitality Properties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $1.15 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This is a positive change from Ryman Hospitality Properties’s previous quarterly dividend of $1.10. This represents a $4.60 annualized dividend and a dividend yield of 4.13%. Ryman Hospitality Properties’s payout ratio is currently 78.15%.

Insider Activity at Ryman Hospitality Properties

In related news, Director Alvin L. Bowles, Jr. sold 900 shares of Ryman Hospitality Properties stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $107.32, for a total transaction of $96,588.00. Following the sale, the director now directly owns 3,148 shares in the company, valued at $337,843.36. The trade was a 22.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Fazal F. Merchant sold 1,269 shares of Ryman Hospitality Properties stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $113.98, for a total value of $144,640.62. Following the sale, the director now owns 4,825 shares in the company, valued at $549,953.50. This represents a 20.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on RHP shares. Wells Fargo & Company decreased their price target on Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating on the stock in a research note on Friday, September 13th. Jefferies Financial Group started coverage on Ryman Hospitality Properties in a research note on Wednesday, November 6th. They issued a “buy” rating and a $130.00 price target on the stock. JPMorgan Chase & Co. lifted their price target on Ryman Hospitality Properties from $104.00 to $105.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Finally, StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Friday, August 9th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $125.17.

Ryman Hospitality Properties Company 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.