Janney Montgomery Scott LLC boosted its position in shares of Ryman Hospitality Properties Inc (NYSE:RHP) by 5.6% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 21,274 shares of the real estate investment trust’s stock after acquiring an additional 1,131 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Ryman Hospitality Properties were worth $1,740,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RHP. BlackRock Inc. raised its stake in shares of Ryman Hospitality Properties by 15.9% during the 2nd quarter. BlackRock Inc. now owns 5,780,521 shares of the real estate investment trust’s stock valued at $468,740,000 after buying an additional 793,598 shares during the last quarter. Nuveen Asset Management LLC increased its stake in shares of Ryman Hospitality Properties by 3,984.8% in the 2nd quarter. Nuveen Asset Management LLC now owns 493,734 shares of the real estate investment trust’s stock valued at $40,037,000 after purchasing an additional 481,647 shares in the last quarter. Copper Rock Capital Partners LLC purchased a new position in shares of Ryman Hospitality Properties in the 3rd quarter valued at about $22,752,000. Duff & Phelps Investment Management Co. increased its stake in shares of Ryman Hospitality Properties by 52.6% in the 2nd quarter. Duff & Phelps Investment Management Co. now owns 589,726 shares of the real estate investment trust’s stock valued at $47,821,000 after purchasing an additional 203,175 shares in the last quarter. Finally, Atria Investments LLC purchased a new position in shares of Ryman Hospitality Properties in the 2nd quarter valued at about $10,850,000. Institutional investors and hedge funds own 87.80% of the company’s stock.
RHP stock opened at $88.86 on Friday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 5.97. Ryman Hospitality Properties Inc has a 12-month low of $64.36 and a 12-month high of $91.15. The stock has a market cap of $4.59 billion, a price-to-earnings ratio of 15.16, a PEG ratio of 2.08 and a beta of 1.13. The business’s 50-day moving average is $83.30 and its 200 day moving average is $80.89.
Ryman Hospitality Properties (NYSE:RHP) last posted its quarterly earnings data on Tuesday, November 5th. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.44 by ($1.01). Ryman Hospitality Properties had a return on equity of 58.06% and a net margin of 17.14%. The firm had revenue of $379.79 million during the quarter, compared to analyst estimates of $370.70 million. During the same quarter in the previous year, the firm posted $1.23 earnings per share. The company’s quarterly revenue was up 30.0% on a year-over-year basis. As a group, equities analysts forecast that Ryman Hospitality Properties Inc will post 6.79 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 4.05%. The ex-dividend date was Friday, September 27th. Ryman Hospitality Properties’s payout ratio is 61.43%.
RHP has been the subject of several recent analyst reports. Zacks Investment Research upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Thursday. ValuEngine lowered Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Wells Fargo & Co lifted their price target on Ryman Hospitality Properties from $89.00 to $95.00 and gave the company an “outperform” rating in a research note on Wednesday. JPMorgan Chase & Co. cut their price target on Ryman Hospitality Properties from $77.00 to $76.00 and set an “underweight” rating for the company in a research note on Friday, September 6th. Finally, Deutsche Bank restated a “buy” rating and issued a $106.00 price target on shares of Ryman Hospitality Properties in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $89.20.
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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