Commerce Bank Has $493,000 Stake in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Commerce Bank reduced its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 22.9% during the third quarter, HoldingsChannel reports. The firm owned 4,600 shares of the real estate investment trust’s stock after selling 1,365 shares during the quarter. Commerce Bank’s holdings in Ryman Hospitality Properties were worth $493,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Segall Bryant & Hamill LLC lifted its stake in Ryman Hospitality Properties by 2.4% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 18,310 shares of the real estate investment trust’s stock valued at $1,964,000 after purchasing an additional 429 shares during the last quarter. Avior Wealth Management LLC increased its holdings in shares of Ryman Hospitality Properties by 44.9% during the third quarter. Avior Wealth Management LLC now owns 442 shares of the real estate investment trust’s stock worth $47,000 after buying an additional 137 shares in the last quarter. Pathstone Holdings LLC lifted its stake in shares of Ryman Hospitality Properties by 9.6% in the 3rd quarter. Pathstone Holdings LLC now owns 20,528 shares of the real estate investment trust’s stock valued at $2,203,000 after acquiring an additional 1,800 shares during the last quarter. Metis Global Partners LLC boosted its holdings in shares of Ryman Hospitality Properties by 29.7% during the 3rd quarter. Metis Global Partners LLC now owns 6,167 shares of the real estate investment trust’s stock valued at $661,000 after acquiring an additional 1,412 shares in the last quarter. Finally, Victory Capital Management Inc. grew its position in Ryman Hospitality Properties by 3,800.4% during the 3rd quarter. Victory Capital Management Inc. now owns 292,410 shares of the real estate investment trust’s stock worth $31,358,000 after acquiring an additional 284,913 shares during the last quarter. 94.48% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on RHP. StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Friday, August 9th. Jefferies Financial Group assumed coverage on shares of Ryman Hospitality Properties in a report on Wednesday, November 6th. They set a “buy” rating and a $130.00 target price on the stock. Truist Financial raised their price target 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. JPMorgan Chase & Co. boosted their price objective on shares of 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, Wells Fargo & Company lowered their target price on Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating for the company in a research report on Friday, September 13th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Ryman Hospitality Properties presently has a consensus rating of “Moderate Buy” and an average price target of $126.17.

Insider Transactions at Ryman Hospitality Properties

In other news, Director Fazal F. Merchant sold 1,269 shares of the firm’s stock in a transaction dated 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 in the company, valued at $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 available at this link. Also, Director Alvin L. Bowles, Jr. sold 900 shares of the business’s stock in a transaction dated Thursday, September 19th. The shares were 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. The trade was a 22.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.00% of the company’s stock.

Ryman Hospitality Properties Trading Down 0.3 %

RHP opened at $117.04 on Wednesday. Ryman Hospitality Properties, Inc. has a twelve month low of $93.76 and a twelve month high of $122.91. The company has a fifty day moving average of $110.23 and a 200-day moving average of $104.51. The stock has a market cap of $7.01 billion, a PE ratio of 20.79, a price-to-earnings-growth ratio of 2.03 and a beta of 1.65. The company has a quick ratio of 1.73, a current 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 earnings per share 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 analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.73 earnings per share. On average, sell-side analysts predict 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. Shareholders of record on Tuesday, December 31st will be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.93%. This is a boost from Ryman Hospitality Properties’s previous quarterly dividend of $1.10. The ex-dividend date is Tuesday, December 31st. Ryman Hospitality Properties’s dividend payout ratio is presently 81.71%.

Ryman Hospitality Properties 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.