Ryman Hospitality Properties, Inc. $RHP Shares Sold by Peregrine Capital Management LLC

Peregrine Capital Management LLC trimmed its position in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 8.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 47,572 shares of the real estate investment trust’s stock after selling 4,575 shares during the quarter. Peregrine Capital Management LLC’s holdings in Ryman Hospitality Properties were worth $4,389,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Royal Bank of Canada increased its stake in Ryman Hospitality Properties by 44.1% during the first quarter. Royal Bank of Canada now owns 39,740 shares of the real estate investment trust’s stock valued at $3,634,000 after purchasing an additional 12,169 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Ryman Hospitality Properties by 131.0% in the 1st quarter. AQR Capital Management LLC now owns 13,418 shares of the real estate investment trust’s stock valued at $1,227,000 after buying an additional 7,610 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Ryman Hospitality Properties by 8.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 784,970 shares of the real estate investment trust’s stock valued at $71,778,000 after buying an additional 63,507 shares during the last quarter. Jane Street Group LLC grew its position in shares of Ryman Hospitality Properties by 306.5% during the 1st quarter. Jane Street Group LLC now owns 36,162 shares of the real estate investment trust’s stock valued at $3,307,000 after buying an additional 27,267 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in 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 acquiring an additional 209 shares during the period. 94.48% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Wells Fargo & Company lifted their target price on Ryman Hospitality Properties from $114.00 to $126.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Raymond James Financial reissued an “outperform” rating and issued a $125.00 price target on shares of Ryman Hospitality Properties in a report on Monday, June 8th. JPMorgan Chase & Co. boosted their price objective on Ryman Hospitality Properties from $111.00 to $113.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Cantor Fitzgerald upped their price objective on Ryman Hospitality Properties from $115.00 to $124.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. Finally, Weiss Ratings lowered Ryman Hospitality Properties from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Eleven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $122.27.

Ryman Hospitality Properties Trading Up 2.3%

Shares of NYSE:RHP opened at $127.76 on Friday. The company has a 50 day moving average of $115.45 and a 200-day moving average of $103.22. The firm has a market cap of $8.06 billion, a P/E ratio of 33.71, a P/E/G ratio of 2.53 and a beta of 1.20. Ryman Hospitality Properties, Inc. has a twelve month low of $83.82 and a twelve month high of $132.41. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 5.15.

Ryman Hospitality Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Tuesday, June 30th. Ryman Hospitality Properties’s payout ratio is currently 126.65%.

Ryman Hospitality Properties Profile

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.