GSA Capital Partners LLP Has $511,000 Stock Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

GSA Capital Partners LLP lessened its position in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 65.3% in the third quarter, HoldingsChannel reports. The fund owned 4,762 shares of the real estate investment trust’s stock after selling 8,969 shares during the quarter. GSA Capital Partners LLP’s holdings in Ryman Hospitality Properties were worth $511,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake in Ryman Hospitality Properties by 34.6% in the third quarter. GAMMA Investing LLC now owns 401 shares of the real estate investment trust’s stock valued at $43,000 after acquiring an additional 103 shares during the period. DekaBank Deutsche Girozentrale grew its stake in Ryman Hospitality Properties by 0.4% in the second quarter. DekaBank Deutsche Girozentrale now owns 39,256 shares of the real estate investment trust’s stock valued at $3,829,000 after acquiring an additional 138 shares during the period. Xponance Inc. grew its stake in Ryman Hospitality Properties by 4.6% in the second quarter. Xponance Inc. now owns 3,714 shares of the real estate investment trust’s stock valued at $371,000 after acquiring an additional 162 shares during the period. Farther Finance Advisors LLC grew its stake in Ryman Hospitality Properties by 79.9% in the third quarter. Farther Finance Advisors LLC now owns 491 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 218 shares during the period. Finally, Fifth Third Bancorp grew its stake in Ryman Hospitality Properties by 347.6% in the second quarter. Fifth Third Bancorp now owns 282 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 219 shares during the period. Institutional investors and hedge funds own 94.48% of the company’s stock.

Wall Street Analysts Forecast Growth

RHP has been the subject of a number of research reports. StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Friday, August 9th. JPMorgan Chase & Co. raised their target price on Ryman Hospitality Properties from $104.00 to $105.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Truist Financial raised their target price on Ryman Hospitality Properties from $130.00 to $136.00 and gave the company a “buy” rating in a report on Monday. Wells Fargo & Company dropped their target price on Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating on the stock in a report on Friday, September 13th. Finally, Jefferies Financial Group started coverage on Ryman Hospitality Properties in a report on Wednesday, November 6th. They issued a “buy” rating and a $130.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $126.17.

Insiders Place Their Bets

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

Ryman Hospitality Properties Stock Performance

Shares of Ryman Hospitality Properties stock opened at $111.68 on Wednesday. The business’s fifty day simple moving average is $108.88 and its 200 day simple moving average is $104.19. The firm has a market capitalization of $6.69 billion, a P/E ratio of 19.84, a price-to-earnings-growth ratio of 1.96 and a beta of 1.65. Ryman Hospitality Properties, Inc. has a 12 month low of $93.76 and a 12 month high of $122.91. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 6.07.

Ryman Hospitality Properties (NYSE:RHP) last issued its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.94 EPS for the quarter, missing analysts’ consensus estimates of $1.83 by ($0.89). The business had revenue of $549.90 million for 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%. The business’s revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.73 earnings per share. As a group, analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.44 EPS for the current year.

Ryman Hospitality Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $1.15 per share. This is a positive change from Ryman Hospitality Properties’s previous quarterly dividend of $1.10. This represents a $4.60 dividend on an annualized basis and a yield of 4.12%. The ex-dividend date is Tuesday, December 31st. Ryman Hospitality Properties’s dividend payout ratio (DPR) is 78.15%.

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.