Principal Financial Group Inc. increased its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 42.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,812 shares of the real estate investment trust’s stock after acquiring an additional 2,642 shares during the quarter. Principal Financial Group Inc.’s holdings in Ryman Hospitality Properties were worth $564,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Teacher Retirement System of Texas lifted its stake in Ryman Hospitality Properties by 2.4% in the first quarter. Teacher Retirement System of Texas now owns 3,731 shares of the real estate investment trust’s stock worth $231,000 after acquiring an additional 89 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Ryman Hospitality Properties by 4.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,774 shares of the real estate investment trust’s stock worth $242,000 after acquiring an additional 164 shares during the period. Stoneridge Investment Partners LLC purchased a new stake in Ryman Hospitality Properties in the second quarter worth about $258,000. Daiwa Securities Group Inc. lifted its stake in Ryman Hospitality Properties by 12.2% in the second quarter. Daiwa Securities Group Inc. now owns 4,600 shares of the real estate investment trust’s stock worth $294,000 after acquiring an additional 500 shares during the period. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in Ryman Hospitality Properties in the first quarter worth about $316,000. 86.87% of the stock is owned by institutional investors.

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A number of equities analysts have commented on RHP shares. BidaskClub upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. Zacks Investment Research downgraded shares of Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Deutsche Bank AG reiterated a “buy” rating and issued a $70.00 target price (down from $71.00) on shares of Ryman Hospitality Properties in a report on Thursday, August 10th. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Ryman Hospitality Properties in a report on Friday, July 14th. Finally, UBS AG downgraded shares of Ryman Hospitality Properties from an “outperform” rating to a “market perform” rating in a report on Friday, July 14th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $64.40.

Ryman Hospitality Properties, Inc. (NYSE:RHP) opened at 64.86 on Friday. Ryman Hospitality Properties, Inc. has a 12-month low of $48.35 and a 12-month high of $67.97. The stock’s 50 day moving average is $61.06 and its 200 day moving average is $62.43. The firm has a market cap of $3.28 billion, a P/E ratio of 20.53 and a beta of 1.17.

Ryman Hospitality Properties (NYSE:RHP) last posted 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 firm had revenue of $298.80 million during the quarter, compared to analysts’ expectations of $296.01 million. Ryman Hospitality Properties had a return on equity of 46.19% and a net margin of 13.86%. The firm’s revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.59 earnings per share. On average, equities research analysts expect that Ryman Hospitality Properties, Inc. will post $3.02 EPS for the current year.

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

In related news, CEO Colin V. Reed sold 19,280 shares of the business’s stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $63.30, for a total transaction of $1,220,424.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Colin V. Reed sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $63.90, for a total value of $639,000.00. Following the sale, the chief executive officer now owns 101,930 shares of the company’s stock, valued at approximately $6,513,327. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 69,280 shares of company stock valued at $4,394,324. 3.40% of the stock is owned by company insiders.

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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