Driehaus Capital Management LLC purchased a new stake in Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 6,550 shares of the real estate investment trust’s stock, valued at approximately $452,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Delpha Capital Management LLC purchased a new stake in Ryman Hospitality Properties in the 4th quarter valued at about $119,000. Quantbot Technologies LP purchased a new stake in Ryman Hospitality Properties in the 3rd quarter valued at about $161,000. Suntrust Banks Inc. purchased a new stake in Ryman Hospitality Properties in the 4th quarter valued at about $205,000. FCA Corp TX purchased a new stake in Ryman Hospitality Properties in the 4th quarter valued at about $209,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new stake in Ryman Hospitality Properties in the 3rd quarter valued at about $277,000. Institutional investors own 87.13% of the company’s stock.
Several research firms have commented on RHP. Citigroup upgraded Ryman Hospitality Properties from a “neutral” rating to a “buy” rating and set a $86.00 price target for the company in a report on Friday. SunTrust Banks lifted their price objective on Ryman Hospitality Properties to $70.00 and gave the company an “outperform” rating in a research note on Monday, February 26th. They noted that the move was a valuation call. Deutsche Bank lifted their price objective on Ryman Hospitality Properties from $81.00 to $83.00 and gave the company a “buy” rating in a research note on Monday, February 26th. Zacks Investment Research lowered Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. Finally, Bank of America lifted their price objective on Ryman Hospitality Properties from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Monday, February 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Ryman Hospitality Properties presently has a consensus rating of “Buy” and a consensus price target of $78.83.
Shares of NYSE RHP traded down $0.11 during midday trading on Friday, hitting $76.15. The stock had a trading volume of 364,645 shares, compared to its average volume of 330,182. The firm has a market capitalization of $3,904.64, a P/E ratio of 13.70, a P/E/G ratio of 1.63 and a beta of 1.17. Ryman Hospitality Properties, Inc. has a 1-year low of $57.78 and a 1-year high of $78.91.
Ryman Hospitality Properties (NYSE:RHP) last released its quarterly earnings results on Friday, February 23rd. The real estate investment trust reported $1.69 EPS for the quarter, topping the consensus estimate of $1.62 by $0.07. The firm had revenue of $345.18 million for the quarter, compared to analyst estimates of $335.37 million. Ryman Hospitality Properties had a return on equity of 49.82% and a net margin of 14.86%. Ryman Hospitality Properties’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.51 EPS. equities analysts expect that Ryman Hospitality Properties, Inc. will post 5.9 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Friday, March 30th will be given a dividend of $0.85 per share. The ex-dividend date is Wednesday, March 28th. This is a positive change from Ryman Hospitality Properties’s previous quarterly dividend of $0.80. This represents a $3.40 annualized dividend and a yield of 4.46%. Ryman Hospitality Properties’s payout ratio is 61.15%.
In related news, CEO Colin V. Reed purchased 5,995 shares of Ryman Hospitality Properties stock in a transaction that occurred on Wednesday, January 17th. The shares were purchased at an average cost of $75.81 per share, with a total value of $454,480.95. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 3.40% of the company’s stock.
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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 Georges County, Maryland.
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