Ryman Hospitality Properties, Inc. (RHP) Stake Lessened by Nationwide Fund Advisors

Nationwide Fund Advisors reduced its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 37.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,454 shares of the real estate investment trust’s stock after selling 16,508 shares during the period. Nationwide Fund Advisors owned 0.05% of Ryman Hospitality Properties worth $1,757,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. UBS Asset Management Americas Inc. increased its stake in shares of Ryman Hospitality Properties by 24.0% in the first quarter. UBS Asset Management Americas Inc. now owns 96,148 shares of the real estate investment trust’s stock worth $5,945,000 after purchasing an additional 18,617 shares during the period. Karp Capital Management Corp bought a new position in shares of Ryman Hospitality Properties in the first quarter worth about $562,000. SG Americas Securities LLC increased its stake in shares of Ryman Hospitality Properties by 128.5% in the first quarter. SG Americas Securities LLC now owns 8,786 shares of the real estate investment trust’s stock worth $543,000 after purchasing an additional 4,941 shares during the period. American International Group Inc. increased its stake in shares of Ryman Hospitality Properties by 5.1% in the first quarter. American International Group Inc. now owns 26,272 shares of the real estate investment trust’s stock worth $1,624,000 after purchasing an additional 1,277 shares during the period. Finally, Alliancebernstein L.P. increased its stake in shares of Ryman Hospitality Properties by 3.0% in the first quarter. Alliancebernstein L.P. now owns 147,185 shares of the real estate investment trust’s stock worth $9,100,000 after purchasing an additional 4,290 shares during the period. Institutional investors own 86.71% of the company’s stock.

Ryman Hospitality Properties, Inc. (NYSE RHP) opened at 65.56 on Friday. The company has a 50-day moving average of $62.47 and a 200 day moving average of $62.68. Ryman Hospitality Properties, Inc. has a 52-week low of $48.35 and a 52-week high of $67.97. The company has a market cap of $3.32 billion, a PE ratio of 20.75 and a beta of 1.17.

Ryman Hospitality Properties (NYSE:RHP) last issued its quarterly earnings results on Tuesday, August 8th. The real estate investment trust reported $1.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.52 by $0.03. The company had revenue of $298.80 million during the quarter, compared to analyst estimates of $296.01 million. Ryman Hospitality Properties had a net margin of 13.86% and a return on equity of 46.19%. Ryman Hospitality Properties’s quarterly revenue was up .9% compared to the same quarter last year. During the same period last year, the business earned $1.59 EPS. Equities research analysts predict that Ryman Hospitality Properties, Inc. will post $3.02 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were paid a dividend of $0.80 per share. The ex-dividend date was Thursday, September 28th. This represents a $3.20 dividend on an annualized basis and a yield of 4.88%. Ryman Hospitality Properties’s dividend payout ratio is currently 101.59%.

In other Ryman Hospitality Properties news, CEO Colin V. Reed sold 19,280 shares of the firm’s stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $63.30, for a total transaction of $1,220,424.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.40% of the stock is currently owned by company insiders.

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A number of research firms recently weighed in on RHP. BidaskClub raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. Zacks Investment Research downgraded Ryman Hospitality Properties from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Deutsche Bank AG reaffirmed a “buy” rating and set a $70.00 price objective (down from $71.00) on shares of Ryman Hospitality Properties in a report on Thursday, August 10th. Finally, Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Ryman Hospitality Properties in a report on Friday, July 14th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. Ryman Hospitality Properties presently has a consensus rating of “Hold” and a consensus target price of $64.60.

Ryman Hospitality Properties Profile

Ryman Hospitality Properties, Inc owns and operates hotels in the United States. Its Hospitality segment operates a network of meetings-focused resorts, including the Gaylord Opryland Resort and Convention Center in Nashville, Tennessee; the Gaylord Opryland Resort and Convention Center in Kissimmee, Florida; the Gaylord Texan Resort and Convention Center in Grapevine, Texas; and the Gaylord National Resort and Convention Center in Prince George’s County, Maryland.

Institutional Ownership by Quarter for Ryman Hospitality Properties (NYSE:RHP)

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