US Bancorp DE decreased its holdings in shares of Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP) by 10.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 17,713 shares of the real estate investment trust’s stock after selling 2,117 shares during the quarter. US Bancorp DE’s holdings in Ryman Hospitality Properties were worth $1,222,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Advisor Group Inc. grew its stake in Ryman Hospitality Properties by 59.0% in the second quarter. Advisor Group Inc. now owns 1,740 shares of the real estate investment trust’s stock worth $110,000 after purchasing an additional 646 shares in the last quarter. Cable Hill Partners LLC bought a new position in Ryman Hospitality Properties in the third quarter worth approximately $109,000. Quantbot Technologies LP bought a new position in Ryman Hospitality Properties in the third quarter worth approximately $161,000. ARP Americas LLC bought a new position in Ryman Hospitality Properties in the third quarter worth approximately $231,000. Finally, Cubist Systematic Strategies LLC grew its stake in Ryman Hospitality Properties by 144.2% in the second quarter. Cubist Systematic Strategies LLC now owns 3,814 shares of the real estate investment trust’s stock worth $244,000 after purchasing an additional 2,252 shares in the last quarter. 87.06% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CEO Colin V. Reed bought 5,995 shares of the stock in a transaction on Wednesday, January 17th. The stock was bought at an average price of $75.81 per share, for a total transaction of $454,480.95. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jennifer L. Hutcheson sold 1,081 shares of the company’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $69.63, for a total value of $75,270.03. Following the sale, the senior vice president now owns 7,764 shares of the company’s stock, valued at approximately $540,607.32. The disclosure for this sale can be found here. 3.40% of the stock is owned by corporate insiders.
Ryman Hospitality Properties (NYSE:RHP) last posted its earnings results on Friday, February 23rd. The real estate investment trust reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.07. The company had revenue of $345.18 million during the quarter, compared to analyst estimates of $335.37 million. Ryman Hospitality Properties had a return on equity of 49.82% and a net margin of 14.86%. Ryman Hospitality Properties’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.51 earnings per share. equities research analysts predict that Ryman Hospitality Properties, Inc. will post 5.9 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Friday, March 30th will be issued a dividend of $0.85 per share. The ex-dividend date is Wednesday, March 28th. This represents a $3.40 dividend on an annualized basis and a yield of 4.45%. This is a positive change from Ryman Hospitality Properties’s previous quarterly dividend of $0.80. Ryman Hospitality Properties’s dividend payout ratio is currently 93.57%.
Several brokerages recently issued reports on RHP. SunTrust Banks increased their price objective on Ryman Hospitality Properties to $70.00 and gave the stock an “outperform” rating in a research note on Monday, February 26th. They noted that the move was a valuation call. Deutsche Bank increased their price objective on Ryman Hospitality Properties from $81.00 to $83.00 and gave the stock a “buy” rating in a research note on Monday, February 26th. 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 increased their price objective on Ryman Hospitality Properties from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Monday, February 26th. Finally, Wells Fargo & Co raised Ryman Hospitality Properties from a “market perform” rating to an “outperform” rating and set a $76.00 price objective on the stock in a research note on Tuesday, December 19th. One analyst has rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Ryman Hospitality Properties has a consensus rating of “Buy” and a consensus target price of $76.17.
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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 Georges County, Maryland.
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