Ryman Hospitality Properties Inc (NYSE:RHP) Shares Acquired by Reinhart Partners Inc.

Reinhart Partners Inc. increased its position in Ryman Hospitality Properties Inc (NYSE:RHP) by 4.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 330,534 shares of the real estate investment trust’s stock after acquiring an additional 14,944 shares during the period. Ryman Hospitality Properties makes up 2.5% of Reinhart Partners Inc.’s portfolio, making the stock its 11th biggest position. Reinhart Partners Inc. owned approximately 0.64% of Ryman Hospitality Properties worth $27,041,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in RHP. SG Americas Securities LLC grew its position in Ryman Hospitality Properties by 569.4% in the 3rd quarter. SG Americas Securities LLC now owns 31,805 shares of the real estate investment trust’s stock valued at $2,602,000 after buying an additional 27,054 shares in the last quarter. First Trust Advisors LP grew its position in Ryman Hospitality Properties by 118.8% in the 3rd quarter. First Trust Advisors LP now owns 110,039 shares of the real estate investment trust’s stock valued at $9,002,000 after buying an additional 59,756 shares in the last quarter. Daiwa Securities Group Inc. grew its position in Ryman Hospitality Properties by 2.3% in the 3rd quarter. Daiwa Securities Group Inc. now owns 9,000 shares of the real estate investment trust’s stock valued at $736,000 after buying an additional 200 shares in the last quarter. Mackay Shields LLC grew its position in Ryman Hospitality Properties by 54.8% in the 3rd quarter. Mackay Shields LLC now owns 101,200 shares of the real estate investment trust’s stock valued at $8,279,000 after buying an additional 35,831 shares in the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. grew its position in Ryman Hospitality Properties by 2.3% in the 3rd quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 8,800 shares of the real estate investment trust’s stock valued at $720,000 after buying an additional 200 shares in the last quarter. 87.80% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts recently issued reports on the stock. Deutsche Bank reiterated a “buy” rating and issued a $106.00 target price on shares of Ryman Hospitality Properties in a research report on Wednesday. Wells Fargo & Co raised their price objective on shares of Ryman Hospitality Properties from $89.00 to $95.00 and gave the company an “outperform” rating in a research report on Wednesday. SunTrust Banks reduced their price objective on shares of Ryman Hospitality Properties from $81.00 to $78.00 and set a “hold” rating for the company in a research report on Friday, August 9th. JPMorgan Chase & Co. reduced their price objective on shares of Ryman Hospitality Properties from $77.00 to $76.00 and set an “underweight” rating for the company in a research report on Friday, September 6th. Finally, Zacks Investment Research upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. Ryman Hospitality Properties currently has a consensus rating of “Hold” and a consensus target price of $89.20.

Shares of NYSE:RHP traded up $0.90 during trading hours on Friday, hitting $89.76. 187,193 shares of the company’s stock traded hands, compared to its average volume of 270,087. Ryman Hospitality Properties Inc has a 52 week low of $64.36 and a 52 week high of $91.15. The company has a debt-to-equity ratio of 5.97, a quick ratio of 1.29 and a current ratio of 1.29. The company’s fifty day simple moving average is $83.47 and its two-hundred day simple moving average is $80.93. The company has a market cap of $4.59 billion, a price-to-earnings ratio of 15.32, a price-to-earnings-growth ratio of 2.08 and a beta of 1.13.

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 for the quarter, missing the Thomson Reuters’ consensus estimate of $1.44 by ($1.01). Ryman Hospitality Properties had a net margin of 17.14% and a return on equity of 58.06%. The business had revenue of $379.79 million for the quarter, compared to the consensus estimate of $370.70 million. During the same quarter last year, the business posted $1.23 EPS. The business’s revenue for the quarter was up 30.0% on a year-over-year basis. On average, analysts anticipate that Ryman Hospitality Properties Inc will post 6.79 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 4.01%. The ex-dividend date was Friday, September 27th. Ryman Hospitality Properties’s payout ratio is 61.43%.

Ryman Hospitality Properties Company 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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Institutional Ownership by Quarter for Ryman Hospitality Properties (NYSE:RHP)

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