Strs Ohio Raises Position in Ryman Hospitality Properties, Inc. $RHP

Strs Ohio lifted its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 23.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,324 shares of the real estate investment trust’s stock after purchasing an additional 21,600 shares during the period. Strs Ohio owned 0.18% of Ryman Hospitality Properties worth $10,242,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Amalgamated Bank grew its holdings in Ryman Hospitality Properties by 6.3% during the third quarter. Amalgamated Bank now owns 18,126 shares of the real estate investment trust’s stock valued at $1,624,000 after purchasing an additional 1,079 shares during the period. Tred Avon Family Wealth LLC bought a new position in shares of Ryman Hospitality Properties in the third quarter worth about $809,000. Evergreen Capital Management LLC purchased a new position in shares of Ryman Hospitality Properties during the 3rd quarter valued at about $321,000. Reinhart Partners LLC. grew its stake in shares of Ryman Hospitality Properties by 1.4% during the 3rd quarter. Reinhart Partners LLC. now owns 603,537 shares of the real estate investment trust’s stock valued at $54,072,000 after acquiring an additional 8,253 shares during the period. Finally, Deroy & Devereaux Private Investment Counsel Inc. increased its holdings in Ryman Hospitality Properties by 3.3% in the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 229,021 shares of the real estate investment trust’s stock worth $20,518,000 after acquiring an additional 7,401 shares in the last quarter. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Chairman Colin V. Reed acquired 8,993 shares of the firm’s stock in a transaction dated Friday, November 7th. The shares were acquired at an average cost of $92.16 per share, with a total value of $828,794.88. Following the acquisition, the chairman directly owned 888,010 shares of the company’s stock, valued at approximately $81,839,001.60. The trade was a 1.02% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 5.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

RHP has been the topic of several analyst reports. Wall Street Zen raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Evercore ISI decreased their price objective on shares of Ryman Hospitality Properties from $120.00 to $110.00 and set an “outperform” rating on the stock in a research report on Thursday, October 30th. Wells Fargo & Company dropped their target price on shares of Ryman Hospitality Properties from $114.00 to $109.00 and set an “overweight” rating for the company in a report on Monday, December 1st. Barclays set a $109.00 price target on Ryman Hospitality Properties in a research note on Tuesday, January 13th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $131.00 price objective on shares of Ryman Hospitality Properties in a research report on Tuesday, January 13th. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $110.27.

Ryman Hospitality Properties Stock Performance

RHP opened at $95.42 on Monday. The company has a debt-to-equity ratio of 4.98, a quick ratio of 1.49 and a current ratio of 1.49. The stock has a market capitalization of $6.01 billion, a price-to-earnings ratio of 25.24, a PEG ratio of 2.42 and a beta of 1.22. The company has a fifty day moving average of $94.99 and a 200 day moving average of $94.77. Ryman Hospitality Properties, Inc. has a fifty-two week low of $76.27 and a fifty-two week high of $108.42.

Ryman Hospitality Properties (NYSE:RHP) last announced its quarterly earnings results 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 analysts’ expectations of $573.40 million. Ryman Hospitality Properties had a net margin of 9.58% and a return on equity of 34.50%. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.93 EPS. As a group, sell-side analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend was Wednesday, December 31st. This is a positive change from Ryman Hospitality Properties’s previous quarterly dividend of $1.15. Ryman Hospitality Properties’s dividend payout ratio is presently 126.98%.

About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc is a publicly traded real estate investment trust (REIT) specializing in the ownership and operation of group‐oriented, large convention center hotel resorts. The company’s portfolio is anchored by its Gaylord Hotels brand, offering integrated resort, convention, entertainment and dining experiences under long‐term management agreements with Marriott International.

Ryman’s flagship properties include Gaylord Opryland Resort & Convention Center in Nashville, Gaylord Texan Resort & Convention Center near Dallas/Fort Worth and Gaylord Palms Resort & Convention Center in Orlando, Florida.