State Board of Administration of Florida Retirement System lifted its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 7.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,639 shares of the real estate investment trust’s stock after acquiring an additional 2,166 shares during the quarter. State Board of Administration of Florida Retirement System owned 0.06% of Ryman Hospitality Properties worth $1,961,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Blair William & Co. IL increased its stake in shares of Ryman Hospitality Properties by 0.4% during the second quarter. Blair William & Co. IL now owns 16,205 shares of the real estate investment trust’s stock worth $1,037,000 after acquiring an additional 66 shares during the period. Pegasus Partners Ltd. acquired a new position in shares of Ryman Hospitality Properties during the second quarter worth about $3,219,000. BNP Paribas Arbitrage SA increased its stake in shares of Ryman Hospitality Properties by 8.9% during the second quarter. BNP Paribas Arbitrage SA now owns 19,489 shares of the real estate investment trust’s stock worth $1,247,000 after acquiring an additional 1,593 shares during the period. Dupont Capital Management Corp increased its stake in shares of Ryman Hospitality Properties by 77.4% during the second quarter. Dupont Capital Management Corp now owns 6,094 shares of the real estate investment trust’s stock worth $390,000 after acquiring an additional 2,659 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Ryman Hospitality Properties by 9.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 604,107 shares of the real estate investment trust’s stock worth $38,669,000 after acquiring an additional 50,829 shares during the period. Institutional investors and hedge funds own 86.96% of the company’s stock.

Ryman Hospitality Properties, Inc. (RHP) opened at 60.08 on Wednesday. Ryman Hospitality Properties, Inc. has a 12 month low of $47.31 and a 12 month high of $67.97. The firm has a market capitalization of $3.04 billion, a price-to-earnings ratio of 19.01 and a beta of 1.14. The firm’s 50-day moving average is $59.99 and its 200 day moving average is $62.62.

Ryman Hospitality Properties (NYSE:RHP) last released its earnings results on Tuesday, August 8th. The real estate investment trust reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.03. The business had revenue of $298.80 million for the quarter, compared to the consensus estimate of $296.01 million. Ryman Hospitality Properties had a net margin of 13.86% and a return on equity of 46.19%. The firm’s quarterly revenue was up .9% compared to the same quarter last year. During the same period last year, the firm posted $1.59 earnings per share. Equities analysts predict that Ryman Hospitality Properties, Inc. will post $3.02 earnings per share for the current year.

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In other news, SVP Jennifer L. Hutcheson sold 3,644 shares of Ryman Hospitality Properties stock in a transaction that occurred on Tuesday, June 20th. The shares were sold at an average price of $66.55, for a total value of $242,508.20. Following the transaction, the senior vice president now directly owns 8,845 shares of the company’s stock, valued at $588,634.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Bennett D. Westbrook sold 10,000 shares of Ryman Hospitality Properties stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $66.86, for a total transaction of $668,600.00. Following the completion of the transaction, the executive vice president now directly owns 18,744 shares in the company, valued at $1,253,223.84. The disclosure for this sale can be found here. Over the last three months, insiders sold 63,644 shares of company stock worth $4,085,008. 3.40% of the stock is currently owned by insiders.

Several research analysts have weighed in on RHP shares. Zacks Investment Research upgraded shares of Ryman Hospitality Properties from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a research report on Wednesday, July 5th. Raymond James Financial, Inc. restated a “market perform” rating on shares of Ryman Hospitality Properties in a research report on Friday, July 14th. BidaskClub lowered shares of Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. UBS AG lowered shares of Ryman Hospitality Properties from an “outperform” rating to a “market perform” rating in a research report on Friday, July 14th. Finally, Deutsche Bank AG restated a “buy” rating and set a $70.00 target price (down from $71.00) on shares of Ryman Hospitality Properties in a research report on Thursday, August 10th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. Ryman Hospitality Properties presently has an average rating of “Hold” and an average target price of $64.40.

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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