Edgestream Partners L.P. Has $3.44 Million Stock Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Edgestream Partners L.P. lowered its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 68.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,059 shares of the real estate investment trust’s stock after selling 68,637 shares during the quarter. Edgestream Partners L.P.’s holdings in Ryman Hospitality Properties were worth $3,438,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in RHP. Price T Rowe Associates Inc. MD increased its position in Ryman Hospitality Properties by 6.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 35,926 shares of the real estate investment trust’s stock valued at $4,154,000 after acquiring an additional 2,144 shares in the last quarter. Janus Henderson Group PLC increased its position in Ryman Hospitality Properties by 12.3% in the 1st quarter. Janus Henderson Group PLC now owns 31,261 shares of the real estate investment trust’s stock valued at $3,614,000 after acquiring an additional 3,431 shares in the last quarter. Tidal Investments LLC increased its position in Ryman Hospitality Properties by 33.6% in the 1st quarter. Tidal Investments LLC now owns 2,646 shares of the real estate investment trust’s stock valued at $306,000 after acquiring an additional 666 shares in the last quarter. Harbor Capital Advisors Inc. increased its position in Ryman Hospitality Properties by 378.7% in 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 acquiring an additional 16,873 shares in the last quarter. Finally, Diversified Trust Co increased its position in Ryman Hospitality Properties by 9.7% in the 2nd quarter. Diversified Trust Co now owns 7,997 shares of the real estate investment trust’s stock valued at $799,000 after acquiring an additional 709 shares in the last quarter. Institutional investors and hedge funds own 94.48% of the company’s stock.

Ryman Hospitality Properties Stock Up 0.4 %

Ryman Hospitality Properties stock opened at $117.24 on Monday. The company’s 50 day simple moving average is $111.08 and its 200 day simple moving average is $104.83. Ryman Hospitality Properties, Inc. has a fifty-two week low of $93.76 and a fifty-two week high of $122.91. The firm has a market capitalization of $7.02 billion, a price-to-earnings ratio of 20.82, a PEG ratio of 2.96 and a beta of 1.65. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.73.

Ryman Hospitality Properties (NYSE:RHP) last released its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.94 earnings per share for the quarter, missing the consensus estimate of $1.83 by ($0.89). Ryman Hospitality Properties had a return on equity of 61.94% and a net margin of 14.84%. The firm had revenue of $549.90 million for the quarter, compared to the consensus estimate of $545.93 million. During the same period in the previous year, the business earned $1.73 EPS. The firm’s revenue was up 4.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.44 EPS for the current year.

Ryman Hospitality Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $1.15 per share. This is a positive change from Ryman Hospitality Properties’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $4.60 annualized dividend and a yield of 3.92%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 78.15%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Jefferies Financial Group assumed coverage on shares of Ryman Hospitality Properties in a research report on Wednesday, November 6th. They issued a “buy” rating and a $130.00 price objective for the company. Truist Financial raised their target price on shares of Ryman Hospitality Properties from $130.00 to $136.00 and gave the company a “buy” rating in a research note on Monday, November 18th. Wells Fargo & Company reduced their target price on shares of 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. Finally, StockNews.com raised shares of 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’s stock. According to MarketBeat, Ryman Hospitality Properties currently has an average rating of “Moderate Buy” and a consensus price target of $126.17.

Insider Buying and Selling

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

About Ryman Hospitality Properties

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.