Mackay Shields LLC increased its position in shares of Ryman Hospitality Properties Inc (NYSE:RHP) by 54.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 101,200 shares of the real estate investment trust’s stock after purchasing an additional 35,831 shares during the period. Mackay Shields LLC owned 0.20% of Ryman Hospitality Properties worth $8,279,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in the company. Trust Co. of Vermont bought a new stake in Ryman Hospitality Properties in the 2nd quarter valued at $32,000. TCI Wealth Advisors Inc. bought a new stake in Ryman Hospitality Properties in the 3rd quarter valued at $33,000. Huntington National Bank increased its holdings in Ryman Hospitality Properties by 75.6% in the 2nd quarter. Huntington National Bank now owns 490 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 211 shares during the last quarter. HM Payson & Co. bought a new stake in Ryman Hospitality Properties in the 2nd quarter valued at $41,000. Finally, FMR LLC increased its holdings in Ryman Hospitality Properties by 24.5% in the 1st quarter. FMR LLC now owns 997 shares of the real estate investment trust’s stock valued at $82,000 after acquiring an additional 196 shares during the last quarter. Hedge funds and other institutional investors own 87.80% of the company’s stock.
A number of brokerages have commented on RHP. JPMorgan Chase & Co. dropped their price objective on shares of Ryman Hospitality Properties from $77.00 to $76.00 and set an “underweight” rating for the company in a research note on Friday, September 6th. SunTrust Banks dropped their price objective on shares of Ryman Hospitality Properties from $81.00 to $78.00 and set a “hold” rating for the company in a research note on Friday, August 9th. Deutsche Bank reissued a “buy” rating and issued a $106.00 price objective on shares of Ryman Hospitality Properties in a research note on Wednesday. Zacks Investment Research raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, ValuEngine cut shares of Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $89.20.
Shares of RHP stock traded up $0.49 during trading hours on Friday, reaching $89.35. 1,556 shares of the stock were exchanged, compared to its average volume of 226,135. Ryman Hospitality Properties Inc has a 12-month low of $64.36 and a 12-month high of $91.15. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 5.97. The company’s 50-day moving average price is $83.30 and its 200-day moving average price is $80.89. The firm has a market capitalization of $4.59 billion, a price-to-earnings ratio of 15.28, a price-to-earnings-growth ratio of 2.08 and a beta of 1.13.
Ryman Hospitality Properties (NYSE:RHP) last released its quarterly earnings results on Tuesday, November 5th. The real estate investment trust reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $1.44 by ($1.01). Ryman Hospitality Properties had a return on equity of 58.06% and a net margin of 17.14%. The firm had revenue of $379.79 million for the quarter, compared to analysts’ expectations of $370.70 million. During the same period in the prior year, the firm posted $1.23 earnings per share. Ryman Hospitality Properties’s revenue for the quarter was up 30.0% on a year-over-year basis. On average, sell-side analysts expect that Ryman Hospitality Properties Inc will post 6.79 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $0.90 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.03%. Ryman Hospitality Properties’s dividend payout ratio is presently 61.43%.
About Ryman Hospitality Properties
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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