Reinhart Partners Inc. boosted its holdings in shares of Ryman Hospitality Properties Inc (NYSE:RHP) by 4.7% during the third quarter, Holdings Channel reports. The institutional investor owned 330,534 shares of the real estate investment trust’s stock after acquiring an additional 14,944 shares during the quarter. Ryman Hospitality Properties comprises about 2.5% of Reinhart Partners Inc.’s investment portfolio, making the stock its 11th biggest position. Reinhart Partners Inc.’s holdings in Ryman Hospitality Properties were worth $27,041,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC lifted its holdings in shares of Ryman Hospitality Properties by 24.5% during the first quarter. FMR LLC now owns 997 shares of the real estate investment trust’s stock valued at $82,000 after acquiring an additional 196 shares during the period. WINTON GROUP Ltd lifted its holdings in shares of Ryman Hospitality Properties by 43.8% during the second quarter. WINTON GROUP Ltd now owns 9,996 shares of the real estate investment trust’s stock valued at $811,000 after acquiring an additional 3,046 shares during the period. Exane Derivatives lifted its holdings in shares of Ryman Hospitality Properties by 2,130.0% during the second quarter. Exane Derivatives now owns 2,453 shares of the real estate investment trust’s stock valued at $199,000 after acquiring an additional 2,343 shares during the period. Nisa Investment Advisors LLC lifted its holdings in shares of Ryman Hospitality Properties by 75.6% during the second quarter. Nisa Investment Advisors LLC now owns 4,617 shares of the real estate investment trust’s stock valued at $374,000 after acquiring an additional 1,987 shares during the period. Finally, New York State Teachers Retirement System bought a new position in shares of Ryman Hospitality Properties during the second quarter valued at $251,000. Hedge funds and other institutional investors own 87.80% of the company’s stock.
A number of research analysts have issued reports on RHP shares. ValuEngine cut Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Zacks Investment Research raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Thursday. SunTrust Banks cut their price objective on Ryman Hospitality Properties from $81.00 to $78.00 and set a “hold” rating for the company in a report on Friday, August 9th. Wells Fargo & Co lifted their price objective on Ryman Hospitality Properties from $89.00 to $95.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Deutsche Bank reissued a “buy” rating and set a $106.00 price objective on shares of Ryman Hospitality Properties in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $89.20.
Shares of Ryman Hospitality Properties stock traded up $0.90 during trading on Friday, reaching $89.76. The company’s stock had a trading volume of 187,193 shares, compared to its average volume of 270,087. The stock has a 50-day moving average price of $83.47 and a two-hundred day moving average price of $80.93. 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 one year low of $64.36 and a one year high of $91.15. The stock has a market capitalization of $4.59 billion, a P/E 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 released its quarterly earnings results on Tuesday, November 5th. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, missing the Zacks’ 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 during the quarter, compared to the consensus estimate of $370.70 million. During the same period in the prior year, the firm earned $1.23 earnings per share. The business’s quarterly revenue was up 30.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Ryman Hospitality Properties Inc will post 6.79 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.90 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.01%. Ryman Hospitality Properties’s dividend payout ratio is 61.43%.
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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