Cambridge Investment Research Advisors Inc. Increases Holdings in Ryman Hospitality Properties, Inc. (RHP)

Cambridge Investment Research Advisors Inc. boosted its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 53.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,844 shares of the real estate investment trust’s stock after purchasing an additional 2,729 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Ryman Hospitality Properties were worth $502,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RHP. Nationwide Fund Advisors increased its holdings in shares of Ryman Hospitality Properties by 7.0% in the first quarter. Nationwide Fund Advisors now owns 43,962 shares of the real estate investment trust’s stock worth $2,718,000 after acquiring an additional 2,865 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of Ryman Hospitality Properties by 0.8% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 7,778 shares of the real estate investment trust’s stock worth $481,000 after buying an additional 62 shares during the period. Great West Life Assurance Co. Can boosted its position in shares of Ryman Hospitality Properties by 924.8% during the first quarter. Great West Life Assurance Co. Can now owns 47,348 shares of the real estate investment trust’s stock worth $2,926,000 after buying an additional 42,728 shares during the period. Eqis Capital Management Inc. acquired a new position in shares of Ryman Hospitality Properties during the first quarter worth about $273,000. Finally, State Board of Administration of Florida Retirement System boosted its position in shares of Ryman Hospitality Properties by 29.4% during the first quarter. State Board of Administration of Florida Retirement System now owns 28,473 shares of the real estate investment trust’s stock worth $1,760,000 after buying an additional 6,461 shares during the period. Institutional investors and hedge funds own 86.87% of the company’s stock.

In related news, CEO Colin V. Reed sold 30,000 shares of Ryman Hospitality Properties stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $63.44, for a total transaction of $1,903,200.00. Following the transaction, the chief executive officer now owns 101,930 shares in the company, valued at approximately $6,466,439.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Colin V. Reed sold 10,000 shares of Ryman Hospitality Properties stock in a transaction on Monday, July 17th. The shares were sold at an average price of $63.90, for a total transaction of $639,000.00. Following the transaction, the chief executive officer now owns 101,930 shares in the company, valued at approximately $6,513,327. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,000 shares of company stock worth $3,173,900. 3.40% of the stock is owned by corporate insiders.

Several research analysts recently commented on the company. BidaskClub raised Ryman Hospitality Properties from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 21st. Zacks Investment Research raised Ryman Hospitality Properties from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a research report on Wednesday, July 5th. Raymond James Financial, Inc. restated a “market perform” rating on shares of Ryman Hospitality Properties in a research note on Friday, July 14th. UBS AG lowered Ryman Hospitality Properties from an “outperform” rating to a “market perform” rating in a research note on Friday, July 14th. Finally, Deutsche Bank AG restated a “buy” rating and issued a $70.00 price objective (down previously from $71.00) on shares of Ryman Hospitality Properties in a research note on Thursday, August 10th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $64.40.

Shares of Ryman Hospitality Properties, Inc. (NYSE RHP) opened at 61.15 on Tuesday. The firm has a 50 day moving average price of $59.86 and a 200-day moving average price of $62.44. The firm has a market cap of $3.10 billion, a P/E ratio of 19.35 and a beta of 1.14. Ryman Hospitality Properties, Inc. has a one year low of $47.31 and a one year high of $67.97.

Ryman Hospitality Properties (NYSE:RHP) last issued its quarterly earnings results on Tuesday, August 8th. The real estate investment trust reported $1.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.52 by $0.03. The business had revenue of $298.80 million for the quarter, compared to analysts’ expectations of $296.01 million. Ryman Hospitality Properties had a net margin of 13.86% and a return on equity of 46.19%. The company’s revenue was up .9% compared to the same quarter last year. During the same quarter last year, the company posted $1.59 EPS. Analysts forecast that Ryman Hospitality Properties, Inc. will post $3.02 earnings per share for the current year.

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About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc owns and operates hotels in the United States. Its Hospitality segment operates a network of meetings-focused resorts, including the Gaylord Opryland Resort and Convention Center in Nashville, Tennessee; the Gaylord Opryland Resort and Convention Center in Kissimmee, Florida; the Gaylord Texan Resort and Convention Center in Grapevine, Texas; and the Gaylord National Resort and Convention Center in Prince George’s County, Maryland.

Institutional Ownership by Quarter for Ryman Hospitality Properties (NYSE:RHP)

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