Ryman Hospitality Properties, Inc. (REIT) (RHP) Position Reduced by US Bancorp DE

US Bancorp DE lowered its holdings in shares of Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP) by 10.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,713 shares of the real estate investment trust’s stock after selling 2,117 shares during the period. US Bancorp DE’s holdings in Ryman Hospitality Properties were worth $1,222,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. State Street Corp grew its stake in Ryman Hospitality Properties by 2.7% during the second quarter. State Street Corp now owns 1,644,269 shares of the real estate investment trust’s stock worth $105,251,000 after purchasing an additional 43,334 shares during the period. Gabelli Funds LLC grew its stake in Ryman Hospitality Properties by 0.8% in the third quarter. Gabelli Funds LLC now owns 1,313,400 shares of the real estate investment trust’s stock valued at $82,074,000 after acquiring an additional 10,500 shares during the period. Fuller & Thaler Asset Management Inc. grew its stake in Ryman Hospitality Properties by 0.5% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 908,115 shares of the real estate investment trust’s stock valued at $56,748,000 after acquiring an additional 4,261 shares during the period. Victory Capital Management Inc. grew its stake in Ryman Hospitality Properties by 5.5% in the fourth quarter. Victory Capital Management Inc. now owns 843,020 shares of the real estate investment trust’s stock valued at $58,185,000 after acquiring an additional 43,671 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in Ryman Hospitality Properties by 1.6% in the third quarter. Bank of New York Mellon Corp now owns 736,038 shares of the real estate investment trust’s stock valued at $45,994,000 after acquiring an additional 11,892 shares during the period. 86.68% of the stock is owned by institutional investors and hedge funds.

In related news, CEO Colin V. Reed bought 5,995 shares of the company’s stock in a transaction dated Wednesday, January 17th. The shares were bought at an average price of $75.81 per share, for a total transaction of $454,480.95. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Bennett D. Westbrook sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $69.73, for a total value of $278,920.00. Following the completion of the transaction, the executive vice president now owns 14,744 shares in the company, valued at approximately $1,028,099.12. The disclosure for this sale can be found here. Insiders sold 8,331 shares of company stock worth $576,523 in the last 90 days. Corporate insiders own 3.40% of the company’s stock.

Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) opened at $69.73 on Tuesday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 4.46. Ryman Hospitality Properties, Inc. has a one year low of $57.78 and a one year high of $77.99. The company has a market capitalization of $3,569.92, a P/E ratio of 13.06, a price-to-earnings-growth ratio of 1.54 and a beta of 1.24.

A number of brokerages have commented on RHP. Deutsche Bank raised their price objective on Ryman Hospitality Properties from $77.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, February 9th. Zacks Investment Research cut Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. Bank of America raised Ryman Hospitality Properties from an “underperform” rating to a “buy” rating in a research note on Monday, January 8th. ValuEngine raised Ryman Hospitality Properties from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Finally, Wells Fargo & Co raised Ryman Hospitality Properties from a “market perform” rating to an “outperform” rating and set a $76.00 price objective for the company in a research note on Tuesday, December 19th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Ryman Hospitality Properties has an average rating of “Hold” and an average price target of $70.00.

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Ryman Hospitality Properties Company Profile

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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