Cubist Systematic Strategies LLC raised its stake in shares of Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP) by 109.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,983 shares of the real estate investment trust’s stock after purchasing an additional 4,169 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Ryman Hospitality Properties were worth $499,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Ryman Hospitality Properties by 2.7% during the second quarter. Vanguard Group Inc. now owns 8,241,851 shares of the real estate investment trust’s stock worth $527,561,000 after buying an additional 219,560 shares in the last quarter. BlackRock Inc. lifted its holdings in Ryman Hospitality Properties by 3.2% during the second quarter. BlackRock Inc. now owns 4,461,006 shares of the real estate investment trust’s stock valued at $285,547,000 after purchasing an additional 139,518 shares in the last quarter. State Street Corp lifted its holdings in Ryman Hospitality Properties by 2.7% during the second quarter. State Street Corp now owns 1,644,269 shares of the real estate investment trust’s stock valued at $105,251,000 after purchasing an additional 43,334 shares in the last quarter. Gabelli Funds LLC lifted its stake in shares of Ryman Hospitality Properties by 0.8% in the third quarter. Gabelli Funds LLC now owns 1,313,400 shares of the real estate investment trust’s stock worth $82,074,000 after buying an additional 10,500 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Ryman Hospitality Properties by 2.3% in the second quarter. Northern Trust Corp now owns 923,047 shares of the real estate investment trust’s stock worth $59,085,000 after buying an additional 20,554 shares in the last quarter. Hedge funds and other institutional investors own 87.30% of the company’s stock.
In other Ryman Hospitality Properties news, SVP Scott J. Lynn sold 3,250 shares of the company’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $68.41, for a total value of $222,332.50. Following the transaction, the senior vice president now directly owns 4,147 shares in the company, valued at approximately $283,696.27. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Colin V. Reed acquired 10,000 shares of the company’s stock in a transaction dated Friday, November 10th. The shares were bought at an average cost of $66.15 per share, with a total value of $661,500.00. The disclosure for this purchase can be found here. Insiders sold a total of 8,331 shares of company stock worth $576,523 over the last three months. 3.40% of the stock is currently owned by corporate insiders.
Ryman Hospitality Properties, Inc. (NYSE RHP) opened at $74.33 on Friday. The stock has a market cap of $3,700.00, a P/E ratio of 25.11, a P/E/G ratio of 1.87 and a beta of 1.17. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 4.46. Ryman Hospitality Properties, Inc. has a 12 month low of $57.78 and a 12 month high of $74.45.
Ryman Hospitality Properties (NYSE:RHP) last issued its quarterly earnings data on Tuesday, November 7th. The real estate investment trust reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.38. The business had revenue of $264.70 million during the quarter, compared to the consensus estimate of $268.97 million. Ryman Hospitality Properties had a net margin of 13.10% and a return on equity of 43.45%. The company’s revenue was down 2.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.28 EPS. equities research analysts forecast that Ryman Hospitality Properties, Inc. will post 5.47 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be paid a $0.80 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $3.20 annualized dividend and a yield of 4.31%. Ryman Hospitality Properties’s dividend payout ratio is currently 108.11%.
Several equities analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research note on Wednesday. Bank of America upgraded shares of Ryman Hospitality Properties from an “underperform” rating to a “buy” rating in a research report on Monday, January 8th. ValuEngine upgraded shares of Ryman Hospitality Properties from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Wells Fargo & Co upgraded shares of Ryman Hospitality Properties from a “market perform” rating to an “outperform” rating and set a $76.00 price target for the company in a research report on Tuesday, December 19th. Finally, SunTrust Banks reiterated a “hold” rating and set a $60.00 price target on shares of Ryman Hospitality Properties in a research report on Friday, November 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $67.80.
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Ryman Hospitality Properties Profile
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 Georges County, Maryland.
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