PNC Financial Services Group Inc. grew its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 5.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,422 shares of the real estate investment trust’s stock after acquiring an additional 1,330 shares during the period. PNC Financial Services Group Inc.’s holdings in Ryman Hospitality Properties were worth $1,562,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Teacher Retirement System of Texas boosted its holdings in shares of Ryman Hospitality Properties by 2.4% in the 1st quarter. Teacher Retirement System of Texas now owns 3,731 shares of the real estate investment trust’s stock valued at $231,000 after acquiring an additional 89 shares during the last quarter. Profund Advisors LLC boosted its holdings in shares of Ryman Hospitality Properties by 5.2% in the 2nd quarter. Profund Advisors LLC now owns 3,622 shares of the real estate investment trust’s stock valued at $232,000 after acquiring an additional 178 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Ryman Hospitality Properties by 4.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,774 shares of the real estate investment trust’s stock valued at $242,000 after acquiring an additional 164 shares during the last quarter. Stoneridge Investment Partners LLC purchased a new stake in shares of Ryman Hospitality Properties in the 2nd quarter valued at $258,000. Finally, Private Advisor Group LLC boosted its holdings in shares of Ryman Hospitality Properties by 5.3% in the 2nd quarter. Private Advisor Group LLC now owns 4,343 shares of the real estate investment trust’s stock valued at $275,000 after acquiring an additional 220 shares during the last quarter. 86.87% of the stock is currently owned by institutional investors and hedge funds.

Ryman Hospitality Properties, Inc. (RHP) opened at 62.40 on Thursday. Ryman Hospitality Properties, Inc. has a 1-year low of $47.38 and a 1-year high of $67.97. The firm has a market capitalization of $3.16 billion, a PE ratio of 19.75 and a beta of 1.17. The company has a 50 day moving average of $60.29 and a 200 day moving average of $62.35.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be given a $0.80 dividend. The ex-dividend date is Thursday, September 28th. This represents a $3.20 dividend on an annualized basis and a yield of 5.13%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is 101.59%.

Several analysts have recently commented on the stock. UBS AG downgraded shares of Ryman Hospitality Properties from an “outperform” rating to a “market perform” rating in a report on Friday, July 14th. BidaskClub downgraded shares of Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Zacks Investment Research downgraded shares of Ryman Hospitality Properties from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Ryman Hospitality Properties in a report on Friday, July 14th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $70.00 price objective (down from $71.00) on shares of Ryman Hospitality Properties in a report on Thursday, August 10th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $64.40.

In related news, CEO Colin V. Reed sold 10,000 shares of Ryman Hospitality Properties stock in a transaction on Monday, July 17th. The shares were sold at an average price of $63.90, for a total value of $639,000.00. Following the transaction, the chief executive officer now directly owns 101,930 shares in the company, valued at approximately $6,513,327. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Colin V. Reed sold 30,000 shares of Ryman Hospitality Properties stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $63.44, for a total transaction of $1,903,200.00. Following the completion of the transaction, the chief executive officer now owns 101,930 shares in the company, valued at $6,466,439.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 50,000 shares of company stock worth $3,173,900. 3.40% of the stock is currently owned by insiders.

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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 George’s County, Maryland.

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

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