Epoch Investment Partners Inc. bought a new position in Ryman Hospitality Properties Inc (NYSE:RHP) during the third quarter, according to its most recent 13F filing with the SEC. The fund bought 359,553 shares of the real estate investment trust’s stock, valued at approximately $30,983,000. Epoch Investment Partners Inc. owned about 0.70% of Ryman Hospitality Properties as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the company. Point72 Hong Kong Ltd purchased a new position in shares of Ryman Hospitality Properties during the 2nd quarter worth about $205,000. Pecaut & CO. purchased a new position in shares of Ryman Hospitality Properties during the 2nd quarter worth about $208,000. Cubist Systematic Strategies LLC purchased a new position in shares of Ryman Hospitality Properties during the 2nd quarter worth about $209,000. Sageworth Trust Co boosted its stake in shares of Ryman Hospitality Properties by 242.8% during the 3rd quarter. Sageworth Trust Co now owns 2,715 shares of the real estate investment trust’s stock worth $234,000 after purchasing an additional 1,923 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of Ryman Hospitality Properties during the 3rd quarter worth about $236,000. Hedge funds and other institutional investors own 85.39% of the company’s stock.
A number of equities analysts recently commented on the stock. Deutsche Bank set a $94.00 price target on shares of Ryman Hospitality Properties and gave the stock a “buy” rating in a research note on Saturday, September 15th. Citigroup set a $98.00 price target on shares of Ryman Hospitality Properties and gave the stock a “buy” rating in a research note on Monday, September 17th. Bank of America boosted their price objective on shares of Ryman Hospitality Properties from $90.00 to $94.00 and gave the company a “buy” rating in a research report on Tuesday, September 18th. ValuEngine cut shares of Ryman Hospitality Properties from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st. Finally, SunTrust Banks reissued a “hold” rating and issued a $76.00 price objective on shares of Ryman Hospitality Properties in a research report on Thursday, November 22nd. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Ryman Hospitality Properties has an average rating of “Buy” and an average price target of $88.50.
Ryman Hospitality Properties stock opened at $73.60 on Friday. The stock has a market capitalization of $3.79 billion, a price-to-earnings ratio of 13.24, a P/E/G ratio of 1.63 and a beta of 1.24. The company has a debt-to-equity ratio of 4.74, a current ratio of 1.23 and a quick ratio of 1.23. Ryman Hospitality Properties Inc has a 1 year low of $66.35 and a 1 year high of $90.02.
Ryman Hospitality Properties (NYSE:RHP) last released its quarterly earnings data on Tuesday, November 6th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.70). The company had revenue of $292.25 million during the quarter, compared to analysts’ expectations of $277.54 million. Ryman Hospitality Properties had a net margin of 14.11% and a return on equity of 51.08%. Ryman Hospitality Properties’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period last year, the firm earned $1.02 earnings per share. As a group, research analysts expect that Ryman Hospitality Properties Inc will post 5.87 earnings per share for the current fiscal year.
In related news, CEO Colin V. Reed acquired 13,031 shares of the stock in a transaction on Monday, November 12th. The stock was bought at an average cost of $75.83 per share, with a total value of $988,140.73. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.20% of the stock is owned by insiders.
About Ryman Hospitality Properties
Ryman Hospitality Properties, Inc (NYSE:RHP) is a REIT for federal income tax purposes, specializing in group-oriented, destination hotel assets in urban and resort markets. The Company's owned assets include a network of four upscale, meetings-focused resorts totaling 8,114 rooms that are managed by lodging operator Marriott International, Inc under the Gaylord Hotels brand.
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