Rhumbline Advisers decreased its stake in Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP) by 10.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 55,868 shares of the real estate investment trust’s stock after selling 6,838 shares during the period. Rhumbline Advisers owned 0.11% of Ryman Hospitality Properties worth $3,856,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently modified their holdings of the company. Quantbot Technologies LP acquired a new stake in shares of Ryman Hospitality Properties in the third quarter valued at about $161,000. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Ryman Hospitality Properties in the third quarter valued at about $277,000. Parametrica Management Ltd acquired a new stake in Ryman Hospitality Properties during the fourth quarter worth approximately $284,000. InterOcean Capital LLC acquired a new stake in Ryman Hospitality Properties during the third quarter worth approximately $307,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Ryman Hospitality Properties by 19.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,500 shares of the real estate investment trust’s stock worth $311,000 after purchasing an additional 726 shares during the period. 87.06% of the stock is owned by institutional investors.
Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) opened at $77.26 on Wednesday. Ryman Hospitality Properties, Inc. has a one year low of $57.78 and a one year high of $78.91. The company has a market capitalization of $3,977.86, a P/E ratio of 22.59, a P/E/G ratio of 1.67 and a beta of 1.29.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Friday, March 30th will be paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date is Wednesday, March 28th. This is a boost from Ryman Hospitality Properties’s previous quarterly dividend of $0.80. Ryman Hospitality Properties’s dividend payout ratio (DPR) is 93.57%.
In other Ryman Hospitality Properties news, SVP Jennifer L. Hutcheson sold 1,081 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the senior vice president now owns 7,764 shares of the company’s stock, valued at $540,607.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Colin V. Reed acquired 5,995 shares of Ryman Hospitality Properties stock in a transaction on Wednesday, January 17th. The stock was purchased at an average cost of $75.81 per share, with a total value of $454,480.95. The disclosure for this purchase can be found here. Company insiders own 3.40% of the company’s stock.
Several equities research analysts recently commented on the company. Zacks Investment Research cut Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. ValuEngine raised Ryman Hospitality Properties from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 1st. Citigroup raised their target price on Ryman Hospitality Properties from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday, March 1st. Bank of America raised their target price 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, Deutsche Bank raised their target price on Ryman Hospitality Properties from $77.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $76.17.
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Ryman Hospitality Properties 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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