Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Bought by Citigroup Inc.

Citigroup Inc. lifted its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 72.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 54,239 shares of the real estate investment trust’s stock after acquiring an additional 22,871 shares during the quarter. Citigroup Inc.’s holdings in Ryman Hospitality Properties were worth $5,817,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Fifth Third Bancorp boosted its stake in shares of Ryman Hospitality Properties by 347.6% during the 2nd quarter. Fifth Third Bancorp now owns 282 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 219 shares in the last quarter. SYSTM Wealth Solutions LLC purchased a new stake in shares of Ryman Hospitality Properties during the second quarter valued at $32,000. Quest Partners LLC lifted its holdings in shares of Ryman Hospitality Properties by 8,450.0% during the second quarter. Quest Partners LLC now owns 342 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 338 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Ryman Hospitality Properties by 34.6% in the 3rd quarter. GAMMA Investing LLC now owns 401 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 103 shares during the period. Finally, Avior Wealth Management LLC boosted its position in shares of Ryman Hospitality Properties by 44.9% in the 3rd quarter. Avior Wealth Management LLC now owns 442 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 137 shares during the period. 94.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on RHP. StockNews.com raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Friday, August 9th. Jefferies Financial Group started coverage on shares of Ryman Hospitality Properties in a research note on Wednesday, November 6th. They issued a “buy” rating and a $130.00 price objective for the company. Wells Fargo & Company cut 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, Truist Financial increased 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, November 18th. Two equities 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.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $126.17.

Insider Buying and Selling

In other news, Director Fazal F. Merchant sold 1,269 shares of the company’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 transaction, the director now directly owns 4,825 shares in the company, valued at approximately $549,953.50. This represents a 20.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alvin L. Bowles, Jr. sold 900 shares of the stock in a transaction that occurred on Thursday, September 19th. The shares were 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. 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 currently owned by corporate insiders.

Ryman Hospitality Properties Price Performance

Shares of RHP stock opened at $117.24 on Monday. Ryman Hospitality Properties, Inc. has a 12 month low of $93.76 and a 12 month high of $122.91. The company has a market capitalization of $7.02 billion, a P/E ratio of 20.82, a P/E/G ratio of 2.96 and a beta of 1.65. The stock has a 50 day moving average of $111.08 and a two-hundred day moving average of $104.83. 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 posted its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.94 earnings per share (EPS) 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 business had revenue of $549.90 million during the quarter, compared to analyst estimates of $545.93 million. During the same period last year, the company earned $1.73 EPS. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. As a group, equities analysts expect that Ryman Hospitality Properties, Inc. will post 8.44 EPS for the current year.

Ryman Hospitality Properties Increases Dividend

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

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.