Ryman Hospitality Properties Inc. (NYSE:RHP) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Wednesday.

According to Zacks, “Ryman Hospitality Properties, Inc. is a Real Estate Investment Trust specializing in group-oriented, destination hotel assets in urban and resort markets. The Company also operates a number of media and entertainment assets that includes the Grand Ole Opry, the Ryman Auditorium and WSM-AM. Ryman Hospitality Properties, Inc. is headquartered in Nashville, Tennessee. “

RHP has been the subject of a number of other reports. Bank of America Corp. reiterated a “hold” rating on shares of Ryman Hospitality Properties in a report on Monday, July 18th. SunTrust Banks Inc. reiterated a “neutral” rating on shares of Ryman Hospitality Properties in a report on Sunday, July 24th. Deutsche Bank AG set a $61.00 price target on Ryman Hospitality Properties and gave the company a “buy” rating in a report on Wednesday, August 3rd. Finally, Citigroup Inc. boosted their price target on Ryman Hospitality Properties from $49.00 to $56.00 and gave the company a “neutral” rating in a report on Wednesday, August 17th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. Ryman Hospitality Properties presently has a consensus rating of “Hold” and an average target price of $47.14.

Shares of Ryman Hospitality Properties (NYSE:RHP) traded up 0.40% during trading on Wednesday, reaching $48.02. 44,689 shares of the company’s stock traded hands. The stock has a market capitalization of $2.42 billion, a PE ratio of 17.28 and a beta of 0.99. Ryman Hospitality Properties has a 1-year low of $41.50 and a 1-year high of $61.02. The company has a 50 day moving average price of $51.68 and a 200 day moving average price of $51.82.

Ryman Hospitality Properties (NYSE:RHP) last announced its earnings results on Tuesday, August 2nd. The company reported $1.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.64. Ryman Hospitality Properties had a return on equity of 39.46% and a net margin of 12.76%. The company had revenue of $293.20 million for the quarter, compared to analyst estimates of $291.26 million. During the same period in the prior year, the company posted $1.45 EPS. Ryman Hospitality Properties’s quarterly revenue was up 7.0% on a year-over-year basis. On average, equities analysts forecast that Ryman Hospitality Properties will post $2.92 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be paid a dividend of $0.75 per share. The ex-dividend date is Wednesday, September 28th. This represents a $3.00 dividend on an annualized basis and a yield of 6.27%. Ryman Hospitality Properties’s payout ratio is currently 107.91%.

In related news, CEO Colin V. Reed acquired 7,377 shares of the stock in a transaction that occurred on Friday, July 15th. The stock was purchased at an average cost of $53.44 per share, for a total transaction of $394,226.88. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Bennett D. Westbrook sold 6,483 shares of the company’s stock in a transaction on Friday, August 5th. The stock was sold at an average price of $55.34, for a total value of $358,769.22. Following the transaction, the executive vice president now owns 27,365 shares of the company’s stock, valued at $1,514,379.10. The disclosure for this sale can be found here. Corporate insiders own 4.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of RHP. Hamlin Capital Management LLC increased its position in shares of Ryman Hospitality Properties by 6.3% in the second quarter. Hamlin Capital Management LLC now owns 1,215,618 shares of the company’s stock worth $61,571,000 after buying an additional 71,747 shares during the last quarter. Aperio Group LLC increased its position in shares of Ryman Hospitality Properties by 20.5% in the first quarter. Aperio Group LLC now owns 7,617 shares of the company’s stock worth $392,000 after buying an additional 1,296 shares during the last quarter. Legal & General Group Plc increased its position in shares of Ryman Hospitality Properties by 2.8% in the first quarter. Legal & General Group Plc now owns 100,764 shares of the company’s stock worth $5,186,000 after buying an additional 2,725 shares during the last quarter. First Trust Advisors LP increased its position in shares of Ryman Hospitality Properties by 36.6% in the second quarter. First Trust Advisors LP now owns 138,130 shares of the company’s stock worth $6,996,000 after buying an additional 36,995 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of Ryman Hospitality Properties by 8.7% in the first quarter. Goldman Sachs Group Inc. now owns 94,528 shares of the company’s stock worth $4,866,000 after buying an additional 7,588 shares during the last quarter. Hedge funds and other institutional investors own 89.02% of the company’s stock.

Ryman Hospitality Properties Inc is a finance company in the Specialized REITs industry.

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