Nomura Asset Management Co. Ltd. lowered its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 10.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,990 shares of the real estate investment trust’s stock after selling 3,620 shares during the period. Nomura Asset Management Co. Ltd. owned approximately 0.06% of Ryman Hospitality Properties worth $1,874,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cable Hill Partners LLC purchased a new position in Ryman Hospitality Properties in the third quarter worth about $109,000. Advisor Group Inc. grew its position in Ryman Hospitality Properties by 59.0% in the second quarter. Advisor Group Inc. now owns 1,740 shares of the real estate investment trust’s stock worth $110,000 after acquiring an additional 646 shares in the last quarter. Quantbot Technologies LP purchased a new position in Ryman Hospitality Properties in the third quarter worth about $161,000. ARP Americas LLC purchased a new position in Ryman Hospitality Properties in the third quarter worth about $231,000. Finally, Profund Advisors LLC grew its position in Ryman Hospitality Properties by 5.2% in the second quarter. Profund Advisors LLC now owns 3,622 shares of the real estate investment trust’s stock worth $232,000 after acquiring an additional 178 shares in the last quarter. Institutional investors own 87.30% of the company’s stock.

Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) traded up $0.09 during trading hours on Thursday, hitting $68.02. The company’s stock had a trading volume of 300,800 shares, compared to its average volume of 240,835. Ryman Hospitality Properties, Inc. has a fifty-two week low of $57.78 and a fifty-two week high of $70.77. The stock has a market capitalization of $3,477.76, a price-to-earnings ratio of 12.72, a PEG ratio of 2.54 and a beta of 1.16. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 4.46.

Ryman Hospitality Properties (NYSE:RHP) last announced its earnings results on Tuesday, November 7th. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.38. Ryman Hospitality Properties had a return on equity of 43.45% and a net margin of 13.10%. The business had revenue of $264.70 million during the quarter, compared to analyst estimates of $268.97 million. During the same quarter in the previous year, the business earned $1.28 earnings per share. The company’s revenue for the quarter was down 2.6% compared to the same quarter last year. analysts expect that Ryman Hospitality Properties, Inc. will post 5.47 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $3.20 annualized dividend and a dividend yield of 4.70%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 108.47%.

In other Ryman Hospitality Properties 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.40% of the stock is owned by insiders.

Several research analysts recently commented on RHP shares. Zacks Investment Research upgraded Ryman Hospitality Properties from a “hold” rating to a “buy” rating and set a $73.00 price target for the company in a research report on Tuesday, October 17th. SunTrust Banks restated a “hold” rating and set a $60.00 target price on shares of Ryman Hospitality Properties in a research report on Friday, November 10th. Finally, BidaskClub upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. One research analyst has rated the stock with a sell rating, five 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 $65.75.

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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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