Alliancebernstein L.P. trimmed its position in Ryman Hospitality Properties Inc (NYSE:RHP) by 0.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 141,993 shares of the real estate investment trust’s stock after selling 750 shares during the quarter. Alliancebernstein L.P.’s holdings in Ryman Hospitality Properties were worth $12,236,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in RHP. Point72 Hong Kong Ltd acquired a new position in shares of Ryman Hospitality Properties during the 2nd quarter worth about $205,000. Pecaut & CO. acquired a new position in shares of Ryman Hospitality Properties during the 2nd quarter worth about $208,000. Cubist Systematic Strategies LLC acquired a new position in shares of Ryman Hospitality Properties during the 2nd quarter worth about $209,000. Sageworth Trust Co grew its position in shares of Ryman Hospitality Properties by 242.8% during the 3rd quarter. Sageworth Trust Co now owns 2,715 shares of the real estate investment trust’s stock worth $234,000 after buying an additional 1,923 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of Ryman Hospitality Properties during the 3rd quarter worth about $236,000. Hedge funds and other institutional investors own 85.39% of the company’s stock.
In other Ryman Hospitality Properties news, CEO Colin V. Reed acquired 13,031 shares of the business’s stock in a transaction dated Monday, November 12th. The shares were acquired at an average price of $75.83 per share, for a total transaction of $988,140.73. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 3.20% of the company’s stock.
Ryman Hospitality Properties stock opened at $73.60 on Friday. Ryman Hospitality Properties Inc has a 1 year low of $66.35 and a 1 year high of $90.02. The company has a debt-to-equity ratio of 4.74, a current ratio of 1.23 and a quick ratio of 1.23. The stock has a market cap of $3.79 billion, a PE ratio of 13.24, a P/E/G ratio of 1.63 and a beta of 1.24.
Ryman Hospitality Properties (NYSE:RHP) last released its quarterly earnings data on Tuesday, November 6th. The real estate investment trust reported $0.44 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.14 by ($0.70). Ryman Hospitality Properties had a net margin of 14.11% and a return on equity of 51.08%. The business had revenue of $292.25 million for the quarter, compared to the consensus estimate of $277.54 million. During the same quarter last year, the firm earned $1.02 EPS. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. Equities analysts forecast that Ryman Hospitality Properties Inc will post 5.87 EPS for the current year.
Several equities analysts have recently issued reports on RHP shares. SunTrust Banks restated a “hold” rating and set a $76.00 target price on shares of Ryman Hospitality Properties in a research report on Thursday, November 22nd. ValuEngine lowered Ryman Hospitality Properties from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st. Bank of America boosted their target price on Ryman Hospitality Properties from $90.00 to $94.00 and gave the stock a “buy” rating in a research report on Tuesday, September 18th. Citigroup set a $98.00 target price on Ryman Hospitality Properties and gave the stock a “buy” rating in a research report on Monday, September 17th. Finally, Deutsche Bank set a $94.00 target price on Ryman Hospitality Properties and gave the stock a “buy” rating in a research report on Saturday, September 15th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $88.50.
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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 8,114 rooms that are managed by lodging operator Marriott International, Inc under the Gaylord Hotels brand.
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