Cornerstone Capital Management Holdings LLC. decreased its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 1.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 73,767 shares of the real estate investment trust’s stock after selling 800 shares during the quarter. Cornerstone Capital Management Holdings LLC. owned approximately 0.15% of Ryman Hospitality Properties worth $4,721,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. raised its stake in 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. Neuberger Berman Group LLC raised its stake in Ryman Hospitality Properties by 14.0% during the second quarter. Neuberger Berman Group LLC now owns 158,114 shares of the real estate investment trust’s stock worth $10,121,000 after acquiring an additional 19,474 shares during the period. Anchor Capital Advisors LLC raised its stake in Ryman Hospitality Properties by 1.9% during the second quarter. Anchor Capital Advisors LLC now owns 5,410 shares of the real estate investment trust’s stock worth $346,000 after acquiring an additional 100 shares during the period. Overbrook Management Corp raised its stake in Ryman Hospitality Properties by 3.1% during the second quarter. Overbrook Management Corp now owns 537,535 shares of the real estate investment trust’s stock worth $34,408,000 after acquiring an additional 16,279 shares during the period. Finally, Tudor Investment Corp ET AL raised its stake in Ryman Hospitality Properties by 50.5% during the first quarter. Tudor Investment Corp ET AL now owns 5,267 shares of the real estate investment trust’s stock worth $326,000 after acquiring an additional 1,767 shares during the period. Hedge funds and other institutional investors own 86.87% of the company’s stock.

Several equities research analysts recently weighed in on the stock. UBS AG lowered shares of Ryman Hospitality Properties from an “outperform” rating to a “market perform” rating in a research note on Friday, July 14th. Zacks Investment Research cut shares of Ryman Hospitality Properties from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. BidaskClub cut shares of Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Raymond James Financial, Inc. restated a “market perform” rating on shares of Ryman Hospitality Properties in a research report on Friday, July 14th. Finally, Deutsche Bank AG restated a “buy” rating and issued a $70.00 target price (down previously 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 assigned a hold rating and one has issued a buy rating to the company’s stock. Ryman Hospitality Properties currently has an average rating of “Hold” and a consensus price target of $64.40.

WARNING: This news story was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this news story on another site, it was stolen and republished in violation of US and international trademark and copyright law. The legal version of this news story can be viewed at https://www.thecerbatgem.com/2017/10/13/cornerstone-capital-management-holdings-llc-reduces-position-in-ryman-hospitality-properties-inc-rhp.html.

In related news, CEO Colin V. Reed sold 10,000 shares of Ryman Hospitality Properties stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $63.90, for a total transaction of $639,000.00. Following the completion of the transaction, the chief executive officer now directly owns 101,930 shares of the company’s stock, valued at approximately $6,513,327. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Colin V. Reed sold 30,000 shares of Ryman Hospitality Properties stock in a transaction dated 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 transaction, the chief executive officer now directly owns 101,930 shares of the company’s stock, valued at $6,466,439.20. The disclosure for this sale can be found here. Insiders have sold a total of 69,280 shares of company stock valued at $4,394,324 over the last three months. 3.40% of the stock is currently owned by insiders.

Ryman Hospitality Properties, Inc. (RHP) opened at 64.86 on Friday. The company has a market cap of $3.28 billion, a PE ratio of 20.53 and a beta of 1.17. The firm has a 50-day moving average of $61.06 and a 200 day moving average of $62.43. Ryman Hospitality Properties, Inc. has a 52-week low of $48.35 and a 52-week high of $67.97.

Ryman Hospitality Properties (NYSE:RHP) last announced its quarterly earnings results on Tuesday, August 8th. The real estate investment trust reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $296.01 million. During the same period last year, the firm posted $1.59 EPS. The firm’s quarterly revenue was up .9% on a year-over-year basis. Equities research analysts expect that Ryman Hospitality Properties, Inc. will post $3.02 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 4.93%. The ex-dividend date of this dividend is Thursday, September 28th. Ryman Hospitality Properties’s dividend payout ratio is currently 101.59%.

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.

Want to see what other hedge funds are holding RHP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ryman Hospitality Properties, Inc. (NYSE:RHP).

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

Receive News & Stock Ratings for Ryman Hospitality Properties Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ryman Hospitality Properties Inc. and related stocks with our FREE daily email newsletter.