TIAA CREF Investment Management LLC cut its stake in Ryman Hospitality Properties (NYSE:RHP) by 8.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 107,747 shares of the real estate investment trust’s stock after selling 9,898 shares during the quarter. TIAA CREF Investment Management LLC owned approximately 0.21% of Ryman Hospitality Properties worth $7,437,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in RHP. Goldman Sachs Group Inc. lifted its holdings in Ryman Hospitality Properties by 124.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 338,362 shares of the real estate investment trust’s stock valued at $23,354,000 after acquiring an additional 187,418 shares during the period. Renaissance Technologies LLC lifted its holdings in Ryman Hospitality Properties by 237.0% in the fourth quarter. Renaissance Technologies LLC now owns 172,200 shares of the real estate investment trust’s stock valued at $11,885,000 after acquiring an additional 121,100 shares during the period. Thrivent Financial For Lutherans lifted its holdings in Ryman Hospitality Properties by 862.7% in the fourth quarter. Thrivent Financial For Lutherans now owns 90,490 shares of the real estate investment trust’s stock valued at $6,246,000 after acquiring an additional 81,090 shares during the period. Deutsche Bank AG lifted its holdings in Ryman Hospitality Properties by 74.0% in the fourth quarter. Deutsche Bank AG now owns 127,014 shares of the real estate investment trust’s stock valued at $8,765,000 after acquiring an additional 53,997 shares during the period. Finally, BlackRock Inc. lifted its holdings in Ryman Hospitality Properties by 1.1% in the fourth quarter. BlackRock Inc. now owns 4,626,347 shares of the real estate investment trust’s stock valued at $319,310,000 after acquiring an additional 48,437 shares during the period. 87.13% of the stock is owned by institutional investors.
A number of research analysts have issued reports on RHP shares. ValuEngine raised Ryman Hospitality Properties from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 1st. Citigroup raised 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, April 6th. Bank of America boosted their price target on Ryman Hospitality Properties from $80.00 to $85.00 and gave the company a “buy” rating in a report on Monday, February 26th. Deutsche Bank boosted their price target on Ryman Hospitality Properties from $81.00 to $83.00 and gave the company a “buy” rating in a report on Monday, February 26th. Finally, Zacks Investment Research downgraded Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $78.83.
In other Ryman Hospitality Properties news, CEO Colin V. Reed acquired 5,995 shares of the business’s stock in a transaction dated 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 3.20% of the stock is owned by insiders.
Ryman Hospitality Properties stock opened at $78.13 on Friday. The company has a market capitalization of $3,912.83, a PE ratio of 14.05, a price-to-earnings-growth ratio of 1.64 and a beta of 1.17. Ryman Hospitality Properties has a 12 month low of $57.78 and a 12 month high of $78.91.
Ryman Hospitality Properties (NYSE:RHP) last posted its quarterly earnings data on Friday, February 23rd. The real estate investment trust reported $1.69 EPS for the quarter, beating the Zacks’ consensus estimate of $1.62 by $0.07. The business 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% compared to the same quarter last year. During the same period in the previous year, the business earned $1.51 earnings per share. sell-side analysts anticipate that Ryman Hospitality Properties will post 5.9 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Friday, March 30th will be given a $0.85 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This is a boost from Ryman Hospitality Properties’s previous quarterly dividend of $0.80. This represents a $3.40 dividend on an annualized basis and a dividend yield of 4.35%. Ryman Hospitality Properties’s payout ratio is 61.15%.
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About Ryman Hospitality Properties
Ryman Hospitality Properties, Inc (NYSE:RHP) is a REIT for federal income tax purposes, specializing in group-oriented, destination hotel assets in urban and resort markets. The Company's owned assets include a network of four upscale, meetings-focused resorts totaling 7,811 rooms that are managed by lodging operator Marriott International, Inc under the Gaylord Hotels brand.
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