CapWealth Advisors LLC grew its stake in shares of Ryman Hospitality Properties Inc (NYSE:RHP) by 2.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 46,090 shares of the real estate investment trust’s stock after purchasing an additional 1,190 shares during the period. CapWealth Advisors LLC’s holdings in Ryman Hospitality Properties were worth $3,832,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Honeywell International Inc. raised its holdings in shares of Ryman Hospitality Properties by 38.9% during the second quarter. Honeywell International Inc. now owns 28,940 shares of the real estate investment trust’s stock valued at $2,406,000 after purchasing an additional 8,110 shares during the period. WINTON GROUP Ltd acquired a new position in shares of Ryman Hospitality Properties during the first quarter valued at about $1,609,000. Federated Investors Inc. PA raised its holdings in shares of Ryman Hospitality Properties by 1.3% during the second quarter. Federated Investors Inc. PA now owns 688,257 shares of the real estate investment trust’s stock valued at $57,229,000 after purchasing an additional 8,772 shares during the period. Swiss National Bank raised its holdings in shares of Ryman Hospitality Properties by 2.2% during the first quarter. Swiss National Bank now owns 80,200 shares of the real estate investment trust’s stock valued at $6,211,000 after purchasing an additional 1,700 shares during the period. Finally, Amalgamated Bank raised its holdings in shares of Ryman Hospitality Properties by 15.5% in the 2nd quarter. Amalgamated Bank now owns 6,827 shares of the real estate investment trust’s stock worth $568,000 after acquiring an additional 914 shares during the last quarter. Hedge funds and other institutional investors own 85.13% of the company’s stock.
RHP opened at $87.85 on Friday. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 4.48. Ryman Hospitality Properties Inc has a fifty-two week low of $60.11 and a fifty-two week high of $90.02. The stock has a market capitalization of $4.46 billion, a P/E ratio of 15.80, a price-to-earnings-growth ratio of 1.93 and a beta of 1.26.
Ryman Hospitality Properties (NYSE:RHP) last posted its earnings results on Tuesday, August 7th. The real estate investment trust reported $1.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.76 by ($0.68). Ryman Hospitality Properties had a return on equity of 48.96% and a net margin of 14.53%. The business had revenue of $333.90 million during the quarter, compared to analyst estimates of $329.60 million. During the same quarter in the prior year, the company earned $1.55 EPS. The company’s revenue was up 11.7% on a year-over-year basis. equities analysts forecast that Ryman Hospitality Properties Inc will post 5.92 EPS for the current fiscal year.
RHP has been the topic of a number of analyst reports. Zacks Investment Research lowered shares of Ryman Hospitality Properties from a “buy” rating to a “hold” rating in a report on Wednesday, June 20th. ValuEngine lowered shares of Ryman Hospitality Properties from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 2nd. Finally, Wells Fargo & Co restated a “buy” rating on shares of Ryman Hospitality Properties in a report on Friday, June 1st. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $82.17.
In related news, SVP Jennifer L. Hutcheson sold 2,428 shares of the company’s stock in a transaction dated Tuesday, June 19th. The shares were sold at an average price of $83.15, for a total value of $201,888.20. Following the sale, the senior vice president now owns 7,763 shares in the company, valued at approximately $645,493.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.20% of the company’s stock.
Ryman Hospitality Properties Company Profile
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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