Strs Ohio Raises Stock Position in Ryman Hospitality Properties, Inc. $RHP

Strs Ohio grew its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 23.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 114,324 shares of the real estate investment trust’s stock after buying an additional 21,600 shares during the quarter. Strs Ohio’s holdings in Ryman Hospitality Properties were worth $10,242,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes 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 worth $3,634,000 after acquiring an additional 12,169 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Ryman Hospitality Properties by 131.0% during 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 purchasing an additional 7,610 shares during the last quarter. Goldman Sachs Group Inc. increased 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 purchasing an additional 63,507 shares during the last quarter. Jane Street Group LLC raised its holdings in 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 period. Finally, Geneos Wealth Management Inc. lifted its position in Ryman Hospitality Properties by 240.2% in the first quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 209 shares during the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Trading Down 1.0%

RHP opened at $95.42 on Monday. 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 $94.99 and its two-hundred day moving average is $94.77. The company has a market capitalization of $6.01 billion, a P/E ratio of 25.24, a PEG ratio of 2.42 and a beta of 1.22. Ryman Hospitality Properties, Inc. has a 52 week low of $76.27 and a 52 week high of $108.42.

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

Ryman Hospitality Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were issued a $1.20 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $4.80 annualized dividend and a dividend yield of 5.0%. This is an increase from Ryman Hospitality Properties’s previous quarterly dividend of $1.15. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 126.98%.

Analysts Set New Price Targets

A number of research firms have weighed in on RHP. Wall Street Zen upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Morgan Stanley set a $88.00 price target on shares of Ryman Hospitality Properties in a report on Friday, January 16th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $131.00 price objective on shares of Ryman Hospitality Properties in a research note on Tuesday, January 13th. Wells Fargo & Company cut their target price 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. Finally, Cantor Fitzgerald assumed coverage on Ryman Hospitality Properties in a report on Wednesday, October 1st. They issued an “overweight” rating and a $108.00 price target on the stock. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Ryman Hospitality Properties currently has an average rating of “Moderate Buy” and an average target price of $110.27.

Insider Buying and Selling at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Chairman Colin V. Reed acquired 8,993 shares of the company’s stock in a transaction dated Friday, November 7th. The shares were purchased at an average cost of $92.16 per share, for a total transaction of $828,794.88. Following the completion of the purchase, the chairman owned 888,010 shares in the company, valued at approximately $81,839,001.60. This trade represents a 1.02% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 5.00% of the company’s stock.

Ryman Hospitality Properties Company 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.