American International Group Inc. Has $1.85 Million Position in Ryman Hospitality Properties, Inc. (RHP)

American International Group Inc. increased its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 8.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 29,658 shares of the real estate investment trust’s stock after acquiring an additional 2,217 shares during the period. American International Group Inc. owned approximately 0.06% of Ryman Hospitality Properties worth $1,853,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. IHT Wealth Management LLC acquired a new stake in shares of Ryman Hospitality Properties in the second quarter valued at $239,000. Blair William & Co. IL raised its stake in shares of Ryman Hospitality Properties by 0.4% in the second quarter. Blair William & Co. IL now owns 16,205 shares of the real estate investment trust’s stock valued at $1,037,000 after acquiring an additional 66 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Ryman Hospitality Properties by 0.4% in the second quarter. The Manufacturers Life Insurance Company now owns 33,688 shares of the real estate investment trust’s stock valued at $2,156,000 after acquiring an additional 127 shares in the last quarter. Ameritas Investment Partners Inc. raised its stake in shares of Ryman Hospitality Properties by 3.5% in the second quarter. Ameritas Investment Partners Inc. now owns 3,883 shares of the real estate investment trust’s stock valued at $249,000 after acquiring an additional 130 shares in the last quarter. Finally, AMG Funds LLC raised its stake in shares of Ryman Hospitality Properties by 0.4% in the second quarter. AMG Funds LLC now owns 31,955 shares of the real estate investment trust’s stock valued at $2,045,000 after acquiring an additional 141 shares in the last quarter. Institutional investors and hedge funds own 87.30% of the company’s stock.

Ryman Hospitality Properties, Inc. (NYSE:RHP) traded up $0.23 on Tuesday, hitting $68.48. The stock had a trading volume of 159,600 shares, compared to its average volume of 240,653. The company has a debt-to-equity ratio of 4.46, a current ratio of 0.87 and a quick ratio of 0.87. Ryman Hospitality Properties, Inc. has a twelve month low of $57.78 and a twelve month high of $70.77. The firm has a market capitalization of $3,494.14, a PE ratio of 12.78, a P/E/G ratio of 2.56 and a beta of 1.16.

Ryman Hospitality Properties (NYSE:RHP) last posted its earnings results on Tuesday, November 7th. The real estate investment trust reported $1.02 EPS for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.38. Ryman Hospitality Properties had a return on equity of 43.45% and a net margin of 13.10%. The business had revenue of $264.70 million for the quarter, compared to analysts’ expectations of $268.97 million. During the same quarter in the previous year, the firm earned $1.28 earnings per share. The business’s revenue was down 2.6% compared to the same quarter last year. equities research analysts forecast that Ryman Hospitality Properties, Inc. will post 5.47 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.67%. The ex-dividend date of this dividend is Thursday, December 28th. Ryman Hospitality Properties’s dividend payout ratio (DPR) is currently 108.47%.

In related news, CEO Colin V. Reed sold 19,280 shares of the firm’s stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $63.30, for a total transaction of $1,220,424.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Colin V. Reed purchased 10,000 shares of the stock in a transaction that occurred on Friday, November 10th. The shares were bought at an average cost of $66.15 per share, for a total transaction of $661,500.00. The disclosure for this purchase can be found here. 3.40% of the stock is currently owned by insiders.

Several analysts have recently issued reports on RHP shares. SunTrust Banks reiterated a “hold” rating and issued a $60.00 price objective on shares of Ryman Hospitality Properties in a research note on Friday, November 10th. Zacks Investment Research cut Ryman Hospitality Properties from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 24th. Finally, BidaskClub upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. Ryman Hospitality Properties presently has an average rating of “Hold” and an average price target of $65.75.

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About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc owns and operates hotels in the United States. Its Hospitality segment operates a network of meetings-focused resorts, including the Gaylord Opryland Resort and Convention Center in Nashville, Tennessee; the Gaylord Opryland Resort and Convention Center in Kissimmee, Florida; the Gaylord Texan Resort and Convention Center in Grapevine, Texas; and the Gaylord National Resort and Convention Center in Prince George’s County, Maryland.

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

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