Ryman Hospitality Properties, Inc. $RHP Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd trimmed its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 48.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,094 shares of the real estate investment trust’s stock after selling 8,579 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Ryman Hospitality Properties were worth $815,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Resona Asset Management Co. Ltd. lifted its holdings in Ryman Hospitality Properties by 16.3% in the third quarter. Resona Asset Management Co. Ltd. now owns 28,021 shares of the real estate investment trust’s stock worth $2,588,000 after purchasing an additional 3,925 shares during the period. UniSuper Management Pty Ltd raised its position in shares of Ryman Hospitality Properties by 6.7% during the 3rd quarter. UniSuper Management Pty Ltd now owns 17,600 shares of the real estate investment trust’s stock worth $1,577,000 after buying an additional 1,100 shares in the last quarter. Hunter Associates Investment Management LLC lifted its stake in shares of Ryman Hospitality Properties by 4.1% in the 3rd quarter. Hunter Associates Investment Management LLC now owns 10,391 shares of the real estate investment trust’s stock worth $929,000 after acquiring an additional 412 shares during the period. Strs Ohio boosted its holdings in shares of Ryman Hospitality Properties by 23.3% in the third quarter. Strs Ohio now owns 114,324 shares of the real estate investment trust’s stock valued at $10,242,000 after acquiring an additional 21,600 shares in the last quarter. Finally, Amalgamated Bank boosted its holdings in shares of Ryman Hospitality Properties by 6.3% in the third quarter. Amalgamated Bank now owns 18,126 shares of the real estate investment trust’s stock valued at $1,624,000 after acquiring an additional 1,079 shares in the last quarter. 94.48% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on RHP. Morgan Stanley set a $88.00 target price on Ryman Hospitality Properties in a report on Friday, January 16th. Wells Fargo & Company dropped their price objective on Ryman Hospitality Properties from $114.00 to $109.00 and set an “overweight” rating on the stock in a research note on Monday, December 1st. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $131.00 price objective on shares of Ryman Hospitality Properties in a report on Tuesday, January 13th. Evercore ISI lowered their target price on Ryman Hospitality Properties from $120.00 to $110.00 and set an “outperform” rating on the stock in a report on Thursday, October 30th. Finally, Wall Street Zen raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Ryman Hospitality Properties has an average rating of “Moderate Buy” and an average target price of $110.27.

Ryman Hospitality Properties Stock Down 0.1%

Shares of Ryman Hospitality Properties stock opened at $94.63 on Tuesday. Ryman Hospitality Properties, Inc. has a 12-month low of $76.27 and a 12-month high of $105.51. The firm has a market capitalization of $5.96 billion, a PE ratio of 25.04, a price-to-earnings-growth ratio of 2.42 and a beta of 1.21. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 4.98. The stock’s fifty day moving average is $95.26 and its 200-day moving average is $94.43.

Ryman Hospitality Properties (NYSE:RHP) last released its quarterly earnings results on Tuesday, November 4th. The real estate investment trust reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.04. The business had revenue of $592.46 million during the quarter, compared to analyst estimates of $573.40 million. Ryman Hospitality Properties had a return on equity of 34.50% and a net margin of 9.58%.Ryman Hospitality Properties’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter last year, the company posted $1.93 EPS. Equities analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current year.

Ryman Hospitality Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were given a $1.20 dividend. This is a boost from Ryman Hospitality Properties’s previous quarterly dividend of $1.15. The ex-dividend date was Wednesday, December 31st. This represents a $4.80 annualized dividend and a dividend yield of 5.1%. Ryman Hospitality Properties’s payout ratio is currently 126.98%.

Insider Buying and Selling

In other news, Chairman Colin V. Reed acquired 8,993 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The stock was purchased at an average price of $92.16 per share, with a total value of $828,794.88. Following the purchase, the chairman owned 888,010 shares of the company’s stock, valued at approximately $81,839,001.60. This trade represents a 1.02% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 5.00% of the company’s stock.

About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc is a publicly traded real estate investment trust (REIT) specializing in the ownership and operation of group?oriented, large convention center hotel resorts. The company’s portfolio is anchored by its Gaylord Hotels brand, offering integrated resort, convention, entertainment and dining experiences under long?term management agreements with Marriott International.

Ryman’s flagship properties include Gaylord Opryland Resort & Convention Center in Nashville, Gaylord Texan Resort & Convention Center near Dallas/Fort Worth and Gaylord Palms Resort & Convention Center in Orlando, Florida.