Edgestream Partners L.P. Takes Position in Ryman Hospitality Properties, Inc. $RHP

Edgestream Partners L.P. acquired a new position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 61,942 shares of the real estate investment trust’s stock, valued at approximately $6,112,000.

Several other institutional investors also recently bought and sold shares of RHP. Geneos Wealth Management Inc. increased its position in shares of Ryman Hospitality Properties by 240.2% during the first quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 209 shares in the last quarter. AlphaQuest LLC grew its stake in Ryman Hospitality Properties by 492.9% during the 2nd quarter. AlphaQuest LLC now owns 332 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 276 shares during the last quarter. First Community Trust NA grew its stake in Ryman Hospitality Properties by 20.0% during the 2nd quarter. First Community Trust NA now owns 600 shares of the real estate investment trust’s stock worth $59,000 after buying an additional 100 shares during the last quarter. Fifth Third Bancorp raised its stake in Ryman Hospitality Properties by 31.3% in the second quarter. Fifth Third Bancorp now owns 756 shares of the real estate investment trust’s stock valued at $75,000 after buying an additional 180 shares during the last quarter. Finally, CWM LLC boosted its holdings in Ryman Hospitality Properties by 22.7% in the second quarter. CWM LLC now owns 888 shares of the real estate investment trust’s stock worth $88,000 after acquiring an additional 164 shares in the last quarter. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Ryman Hospitality Properties Stock Down 0.1%

Ryman Hospitality Properties stock opened at $94.11 on Wednesday. The business’s 50-day moving average price is $90.99 and its 200 day moving average price is $95.61. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 4.72. The firm has a market cap of $5.93 billion, a price-to-earnings ratio of 22.46, a price-to-earnings-growth ratio of 1.60 and a beta of 1.22. Ryman Hospitality Properties, Inc. has a 52 week low of $76.27 and a 52 week high of $121.77.

Ryman Hospitality Properties (NYSE:RHP) last released its quarterly earnings data on Tuesday, November 4th. The real estate investment trust reported $1.63 EPS for the quarter, topping the consensus estimate of $1.59 by $0.04. The business had revenue of $592.46 million for the quarter, compared to analyst estimates of $573.40 million. Ryman Hospitality Properties had a return on equity of 41.65% and a net margin of 10.74%.The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.93 EPS. As a group, sell-side analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current year.

Ryman Hospitality Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were issued a $1.15 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $4.60 dividend on an annualized basis and a yield of 4.9%. Ryman Hospitality Properties’s payout ratio is presently 121.69%.

Insider Buying and Selling at Ryman Hospitality Properties

In other news, Chairman Colin V. Reed acquired 8,993 shares of the firm’s stock in a transaction on Friday, November 7th. The stock was acquired at an average price of $92.16 per share, for a total transaction of $828,794.88. Following the completion of the transaction, the chairman owned 888,010 shares in the company, valued at approximately $81,839,001.60. The trade was a 1.02% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 5.00% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on RHP. Cantor Fitzgerald began coverage on shares of Ryman Hospitality Properties in a research report on Wednesday, October 1st. They issued an “overweight” rating and a $108.00 price objective for the company. Wall Street Zen raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Morgan Stanley began coverage on shares of Ryman Hospitality Properties in a research note on Wednesday, October 22nd. They set an “equal weight” rating and a $92.00 price objective for the company. Wells Fargo & Company cut their target price on Ryman Hospitality Properties from $114.00 to $109.00 and set an “overweight” rating on the stock in a research report on Monday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ryman Hospitality Properties in a research report on Friday, October 31st. Nine analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $110.90.

About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and entertainment experiences. The Company's holdings include Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; Gaylord National Resort & Convention Center; and Gaylord Rockies Resort & Convention Center, five of the top seven largest non-gaming convention center hotels in the United States based on total indoor meeting space.