PNC Financial Services Group Inc. Has $1.86 Million Stock Holdings in Ryman Hospitality Properties, Inc. $RHP

PNC Financial Services Group Inc. lowered its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 4.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,844 shares of the real estate investment trust’s stock after selling 979 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Ryman Hospitality Properties were worth $1,859,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. increased its holdings in shares of Ryman Hospitality Properties by 240.2% during the first quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 209 shares in the last quarter. AlphaQuest LLC increased its holdings in Ryman Hospitality Properties by 492.9% during the 2nd quarter. AlphaQuest LLC now owns 332 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 276 shares in the last quarter. First Community Trust NA increased its holdings in Ryman Hospitality Properties by 20.0% during the 2nd quarter. First Community Trust NA now owns 600 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 100 shares in the last quarter. CWM LLC raised its position in Ryman Hospitality Properties by 213.4% in the 1st quarter. CWM LLC now owns 724 shares of the real estate investment trust’s stock valued at $66,000 after purchasing an additional 493 shares during the last quarter. Finally, Fifth Third Bancorp boosted its stake in Ryman Hospitality Properties by 31.3% in the second quarter. Fifth Third Bancorp now owns 756 shares of the real estate investment trust’s stock worth $75,000 after purchasing an additional 180 shares in the last quarter. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Morgan Stanley started coverage on Ryman Hospitality Properties in a research note on Wednesday, October 22nd. They issued an “equal weight” rating and a $92.00 target price for the company. Weiss Ratings restated a “hold (c)” rating on shares of Ryman Hospitality Properties in a research report on Friday, October 31st. Cantor Fitzgerald initiated coverage on shares of Ryman Hospitality Properties in a research report on Wednesday, October 1st. They set an “overweight” rating and a $108.00 target price on the stock. Wall Street Zen raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Evercore ISI dropped their price objective on shares of Ryman Hospitality Properties from $120.00 to $110.00 and set an “outperform” rating for the company in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Ryman Hospitality Properties currently has an average rating of “Moderate Buy” and an average target price of $111.40.

Ryman Hospitality Properties Stock Down 0.7%

Shares of NYSE:RHP opened at $91.15 on Thursday. The company has a debt-to-equity ratio of 4.72, a current ratio of 1.63 and a quick ratio of 1.63. The stock has a market cap of $5.74 billion, a price-to-earnings ratio of 21.75, a P/E/G ratio of 1.60 and a beta of 1.60. The company has a 50 day moving average of $91.54 and a 200-day moving average of $95.82. Ryman Hospitality Properties, Inc. has a one year low of $76.27 and a one year high of $121.77.

Ryman Hospitality Properties (NYSE:RHP) last announced its quarterly earnings data on Tuesday, November 4th. The real estate investment trust reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.04. Ryman Hospitality Properties had a net margin of 10.74% and a return on equity of 41.65%. The firm had revenue of $592.46 million for the quarter, compared to analysts’ expectations of $573.40 million. During the same period last year, the firm earned $1.93 earnings per share. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. On average, sell-side analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current year.

Ryman Hospitality Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date was Tuesday, September 30th. Ryman Hospitality Properties’s dividend payout ratio is currently 121.69%.

Insiders Place Their Bets

In related news, Chairman Colin V. Reed bought 8,993 shares of Ryman Hospitality Properties stock in a transaction on Friday, November 7th. The shares were purchased at an average price of $92.16 per share, for a total transaction of $828,794.88. Following the completion of the acquisition, the chairman owned 888,010 shares in the company, valued at approximately $81,839,001.60. This represents a 1.02% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 5.00% of the company’s stock.

Ryman Hospitality Properties Profile

Ryman Hospitality Properties, Inc (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and entertainment experiences. The Company's holdings include Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; Gaylord National Resort & Convention Center; and Gaylord Rockies Resort & Convention Center, five of the top seven largest non-gaming convention center hotels in the United States based on total indoor meeting space.