Creative Planning Buys 68,507 Shares of Ryman Hospitality Properties, Inc. $RHP

Creative Planning boosted its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 1,164.7% during the 2nd quarter, HoldingsChannel reports. The fund owned 74,389 shares of the real estate investment trust’s stock after acquiring an additional 68,507 shares during the quarter. Creative Planning’s holdings in Ryman Hospitality Properties were worth $7,340,000 as of its most recent SEC filing.

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

Ryman Hospitality Properties Stock Performance

NYSE RHP opened at $91.15 on Thursday. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 4.72. The firm’s fifty day moving average price is $91.54 and its two-hundred day moving average price is $95.82. Ryman Hospitality Properties, Inc. has a 1 year low of $76.27 and a 1 year high of $121.77. The firm has a market capitalization of $5.74 billion, a P/E ratio of 21.75, a price-to-earnings-growth ratio of 1.60 and a beta of 1.60.

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

Ryman Hospitality Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend was Tuesday, September 30th. Ryman Hospitality Properties’s payout ratio is 121.69%.

Insiders Place Their Bets

In other Ryman Hospitality Properties news, Chairman Colin V. Reed acquired 8,993 shares of the company’s 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 purchase, the chairman directly owned 888,010 shares of the company’s stock, 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on RHP shares. Morgan Stanley assumed coverage on shares of Ryman Hospitality Properties in a research note on Wednesday, October 22nd. They set an “equal weight” rating and a $92.00 price target for the company. Wells Fargo & Company upgraded shares of Ryman Hospitality Properties to a “strong-buy” rating in a report on Friday, October 3rd. Evercore ISI lowered their price target on shares of Ryman Hospitality Properties from $120.00 to $110.00 and set an “outperform” rating on the stock in a research note on Thursday, October 30th. Wall Street Zen raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Cantor Fitzgerald began coverage on Ryman Hospitality Properties in a report on Wednesday, October 1st. They issued an “overweight” rating and a $108.00 price objective for the company. 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 MarketBeat.com, Ryman Hospitality Properties currently has a consensus rating of “Moderate Buy” and an average price target of $111.40.

About Ryman Hospitality Properties

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.