Allianz Asset Management GmbH trimmed its position in shares of Ryman Hospitality Properties Inc (NYSE:RHP) by 2.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 204,317 shares of the real estate investment trust’s stock after selling 4,319 shares during the quarter. Allianz Asset Management GmbH owned 0.40% of Ryman Hospitality Properties worth $17,606,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of RHP. Green Square Capital LLC grew its position in Ryman Hospitality Properties by 29.8% during the second quarter. Green Square Capital LLC now owns 127,120 shares of the real estate investment trust’s stock worth $10,678,000 after buying an additional 29,206 shares during the period. First Quadrant L P CA acquired a new position in Ryman Hospitality Properties during the third quarter worth about $1,327,000. Federated Investors Inc. PA grew its position in Ryman Hospitality Properties by 1.3% during the second quarter. Federated Investors Inc. PA now owns 688,257 shares of the real estate investment trust’s stock worth $57,229,000 after buying an additional 8,772 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in Ryman Hospitality Properties during the second quarter worth about $270,000. Finally, Renaissance Technologies LLC grew its position in Ryman Hospitality Properties by 46.5% during the second quarter. Renaissance Technologies LLC now owns 623,641 shares of the real estate investment trust’s stock worth $51,856,000 after buying an additional 198,000 shares during the period. Institutional investors and hedge funds own 85.39% of the company’s stock.
In other Ryman Hospitality Properties news, CEO Colin V. Reed purchased 13,031 shares of Ryman Hospitality Properties stock in a transaction on Monday, November 12th. The shares were bought at an average price of $75.83 per share, with a total value of $988,140.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.20% of the stock is owned by corporate insiders.
Several research analysts have weighed in on RHP shares. Deutsche Bank set a $94.00 target price on shares of Ryman Hospitality Properties and gave the stock a “buy” rating in a research report on Saturday, September 15th. Citigroup set a $98.00 target price on shares of Ryman Hospitality Properties and gave the stock a “buy” rating in a research report on Monday, September 17th. Bank of America upped their target price on shares of Ryman Hospitality Properties from $90.00 to $94.00 and gave the stock a “buy” rating in a research report on Tuesday, September 18th. ValuEngine downgraded shares of Ryman Hospitality Properties from a “buy” rating to a “hold” rating in a report on Thursday, November 1st. Finally, SunTrust Banks reaffirmed a “hold” rating and issued a $76.00 price target on shares of Ryman Hospitality Properties in a 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 target price of $88.50.
Shares of NYSE RHP opened at $73.60 on Friday. Ryman Hospitality Properties Inc has a 12-month low of $66.35 and a 12-month high of $90.02. The stock has a market capitalization of $3.79 billion, a price-to-earnings ratio of 13.24, a price-to-earnings-growth ratio of 1.63 and a beta of 1.24. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 4.74.
Ryman Hospitality Properties (NYSE:RHP) last announced its quarterly earnings results 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). Ryman Hospitality Properties had a net margin of 14.11% and a return on equity of 51.08%. The business had revenue of $292.25 million during the quarter, compared to analysts’ expectations of $277.54 million. During the same period last year, the company earned $1.02 EPS. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. On average, equities analysts predict that Ryman Hospitality Properties Inc will post 5.87 EPS for the current fiscal year.
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Ryman Hospitality Properties Profile
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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