Raymond James & Associates lowered its position in Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP) by 13.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 543,556 shares of the real estate investment trust’s stock after selling 83,820 shares during the quarter. Raymond James & Associates owned 1.06% of Ryman Hospitality Properties worth $37,516,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its holdings in Ryman Hospitality Properties by 2.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 672,774 shares of the real estate investment trust’s stock valued at $42,041,000 after purchasing an additional 15,049 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Ryman Hospitality Properties by 19.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,500 shares of the real estate investment trust’s stock valued at $311,000 after buying an additional 726 shares during the last quarter. Swiss National Bank boosted its position in Ryman Hospitality Properties by 2.2% in the 4th quarter. Swiss National Bank now owns 78,500 shares of the real estate investment trust’s stock valued at $5,418,000 after buying an additional 1,700 shares during the last quarter. Suntrust Banks Inc. bought a new position in Ryman Hospitality Properties in the 4th quarter valued at $205,000. Finally, California Public Employees Retirement System boosted its position in shares of Ryman Hospitality Properties by 2.2% in the 4th quarter. California Public Employees Retirement System now owns 150,087 shares of the real estate investment trust’s stock worth $10,359,000 after purchasing an additional 3,206 shares during the last quarter. 87.13% of the stock is owned by institutional investors and hedge funds.
In related news, CEO Colin V. Reed purchased 5,995 shares of the business’s stock in a transaction that occurred on Wednesday, January 17th. The stock was acquired at an average cost of $75.81 per share, for a total transaction of $454,480.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.40% of the company’s stock.
Several research analysts have recently issued reports on the company. Wells Fargo upgraded Ryman Hospitality Properties from a “market perform” rating to an “outperform” rating and set a $76.00 price target on the stock in a research report on Tuesday, December 19th. Bank of America upgraded Ryman Hospitality Properties from an “underperform” rating to a “buy” rating in a report on Monday, January 8th. Deutsche Bank lifted their target price on Ryman Hospitality Properties from $77.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, February 9th. SunTrust Banks lifted their price target 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. Finally, Zacks Investment Research downgraded Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $78.83.
Shares of NYSE:RHP opened at $76.15 on Friday. Ryman Hospitality Properties, Inc. has a 12-month low of $57.78 and a 12-month high of $78.91. The company has a market cap of $3,932.29, a PE ratio of 13.69, a PEG ratio of 1.65 and a beta of 1.17.
Ryman Hospitality Properties (NYSE:RHP) last issued its quarterly earnings data on Friday, February 23rd. The real estate investment trust reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.07. The company had revenue of $345.18 million during the quarter, compared to analysts’ expectations of $335.37 million. Ryman Hospitality Properties had a return on equity of 49.82% and a net margin of 14.86%. The business’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.51 earnings per share. equities research analysts expect that Ryman Hospitality Properties, Inc. will post 5.9 EPS for the current 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 paid a $0.85 dividend. This is a boost from Ryman Hospitality Properties’s previous quarterly dividend of $0.80. This represents a $3.40 annualized dividend and a dividend yield of 4.46%. The ex-dividend date of this dividend is Wednesday, March 28th. Ryman Hospitality Properties’s payout ratio is 61.15%.
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About Ryman Hospitality Properties
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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