Penn Capital Management Company LLC Sells 4,307 Shares of Ryman Hospitality Properties, Inc. $RHP

Penn Capital Management Company LLC trimmed its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 2.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 163,988 shares of the real estate investment trust’s stock after selling 4,307 shares during the quarter. Ryman Hospitality Properties makes up 1.4% of Penn Capital Management Company LLC’s holdings, making the stock its 20th largest holding. Penn Capital Management Company LLC’s holdings in Ryman Hospitality Properties were worth $19,640,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC grew its holdings in shares of Ryman Hospitality Properties by 437.0% in the first quarter. International Assets Investment Management LLC now owns 290 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 236 shares during the period. Global Retirement Partners LLC purchased a new stake in Ryman Hospitality Properties during the second quarter valued at $43,000. Signaturefd LLC lifted its holdings in Ryman Hospitality Properties by 61.2% in the third quarter. Signaturefd LLC now owns 361 shares of the real estate investment trust’s stock valued at $43,000 after acquiring an additional 137 shares during the period. Trust Co. of Vermont bought a new position in Ryman Hospitality Properties in the second quarter valued at about $51,000. Finally, Fifth Third Bancorp lifted its holdings in Ryman Hospitality Properties by 34.2% in the first quarter. Fifth Third Bancorp now owns 860 shares of the real estate investment trust’s stock valued at $79,000 after acquiring an additional 219 shares during the period. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on RHP shares. JPMorgan Chase & Co. boosted their price target on Ryman Hospitality Properties from $129.00 to $138.00 and gave the company an “overweight” rating in a research note on Wednesday, October 21st. Evercore lowered shares of Ryman Hospitality Properties from an “outperform” rating to an “in-line” rating and set a $140.00 price target for the company. in a research report on Monday, October 26th. Weiss Ratings upgraded shares of Ryman Hospitality Properties from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, October 23rd. Truist Financial raised their price objective on shares of Ryman Hospitality Properties from $132.00 to $141.00 and gave the stock a “buy” rating in a report on Thursday, September 10th. Finally, Cantor Fitzgerald boosted their target price on shares of Ryman Hospitality Properties from $124.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $135.25.

Ryman Hospitality Properties Price Performance

Shares of Ryman Hospitality Properties stock opened at $135.41 on Tuesday. Ryman Hospitality Properties, Inc. has a one year low of $89.60 and a one year high of $137.46. The stock’s fifty day moving average is $125.36 and its 200 day moving average is $114.67. The stock has a market cap of $9.34 billion, a P/E ratio of 14.73, a P/E/G ratio of 2.02 and a beta of 1.23. The company has a debt-to-equity ratio of 3.29, a quick ratio of 1.34 and a current ratio of 1.15.

Ryman Hospitality Properties (NYSE:RHP) last released its earnings results on Monday, November 2nd. The real estate investment trust reported $0.58 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($1.04). Ryman Hospitality Properties had a net margin of 9.88% and a return on equity of 29.45%. The company had revenue of $655.80 million for the quarter, compared to analysts’ expectations of $646.13 million. During the same quarter last year, the firm posted $1.63 earnings per share. Ryman Hospitality Properties’s revenue for the quarter was up 10.7% on a year-over-year basis. Sell-side analysts anticipate that Ryman Hospitality Properties, Inc. will post 9.31 earnings per share for the current year.

Ryman Hospitality Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Wednesday, September 30th. Ryman Hospitality Properties’s payout ratio is presently 115.94%.

About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc is a real estate investment trust focused on upscale hotels and resorts designed for conventions and large group events. Its portfolio includes the Gaylord Hotels properties in Nashville, Tennessee; Orlando, Florida; Grapevine, Texas; National Harbor, Maryland; and Aurora, Colorado. These destination resorts combine lodging with extensive meeting and convention facilities, dining, and entertainment.

The company also owns and operates entertainment venues and related businesses through Opry Entertainment Group.