Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC trimmed its position in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 2.3% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 460,300 shares of the real estate investment trust’s stock after selling 10,700 shares during the period. Gabelli Funds LLC owned 0.77% of Ryman Hospitality Properties worth $42,771,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. KB Financial Partners LLC bought a new position in shares of Ryman Hospitality Properties in the 1st quarter worth about $25,000. Lazard Asset Management LLC lifted its position in Ryman Hospitality Properties by 667.4% in the 1st 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 last quarter. Quarry LP grew its position in Ryman Hospitality Properties by 110.8% in the 1st quarter. Quarry LP now owns 430 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 226 shares during the last quarter. Rockefeller Capital Management L.P. grew its position in Ryman Hospitality Properties by 118.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 517 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 280 shares during the last quarter. Finally, BOKF NA bought a new stake in shares of Ryman Hospitality Properties during the first quarter valued at approximately $64,000. 91.23% of the stock is owned by institutional investors.

Ryman Hospitality Properties Price Performance

Shares of RHP traded up $1.32 during trading hours on Friday, hitting $96.73. 356,936 shares of the company were exchanged, compared to its average volume of 456,100. The company has a debt-to-equity ratio of 7.12, a current ratio of 1.83 and a quick ratio of 1.83. The company has a market capitalization of $5.78 billion, a PE ratio of 25.19, a PEG ratio of 2.15 and a beta of 1.54. The firm has a fifty day simple moving average of $86.69 and a 200-day simple moving average of $89.69. Ryman Hospitality Properties, Inc. has a one year low of $77.18 and a one year high of $98.65.

Ryman Hospitality Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 29th were given a $1.00 dividend. The ex-dividend date was Thursday, September 28th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 4.14%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is 104.17%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on RHP shares. Wedbush initiated coverage on Ryman Hospitality Properties in a report on Tuesday, October 3rd. They set an “outperform” rating and a $94.00 price target on the stock. StockNews.com started coverage on shares of Ryman Hospitality Properties in a report on Thursday, October 5th. They issued a “sell” rating for the company. JPMorgan Chase & Co. lowered their price objective on shares of Ryman Hospitality Properties from $93.00 to $88.00 and set an “underweight” rating on the stock in a research note on Monday, August 7th. Deutsche Bank Aktiengesellschaft increased their price target on Ryman Hospitality Properties from $128.00 to $129.00 and gave the company a “buy” rating in a research note on Monday, August 7th. Finally, Wolfe Research assumed coverage on Ryman Hospitality Properties in a research note on Wednesday, September 27th. They issued an “outperform” rating and a $98.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $105.29.

Insider Buying and Selling

In other Ryman Hospitality Properties news, Director Alvin L. Bowles, Jr. sold 1,384 shares of the firm’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $85.13, for a total value of $117,819.92. Following the completion of the transaction, the director now directly owns 1,994 shares in the company, valued at $169,749.22. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director Alvin L. Bowles, Jr. sold 1,384 shares of the stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $85.13, for a total value of $117,819.92. Following the completion of the sale, the director now owns 1,994 shares in the company, valued at $169,749.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Colin V. Reed sold 15,000 shares of Ryman Hospitality Properties stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $96.72, for a total value of $1,450,800.00. Following the transaction, the chairman now owns 764,614 shares in the company, valued at approximately $73,953,466.08. The disclosure for this sale can be found here. 3.30% of the stock is currently owned by company insiders.

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 ten largest non-gaming convention center hotels in the United States based on total indoor meeting space.