Royal Bank of Canada lifted its position in shares of Ryman Hospitality Properties Inc (NYSE:RHP) by 2.4% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 113,223 shares of the real estate investment trust’s stock after buying an additional 2,692 shares during the quarter. Royal Bank of Canada owned about 0.22% of Ryman Hospitality Properties worth $9,180,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. increased its position in shares of Ryman Hospitality Properties by 15.9% in the second quarter. BlackRock Inc. now owns 5,780,521 shares of the real estate investment trust’s stock worth $468,740,000 after purchasing an additional 793,598 shares during the period. Nuveen Asset Management LLC grew its holdings in shares of Ryman Hospitality Properties by 3,984.8% during the second quarter. Nuveen Asset Management LLC now owns 493,734 shares of the real estate investment trust’s stock worth $40,037,000 after purchasing an additional 481,647 shares during the last quarter. Duff & Phelps Investment Management Co. grew its holdings in shares of Ryman Hospitality Properties by 52.6% during the second quarter. Duff & Phelps Investment Management Co. now owns 589,726 shares of the real estate investment trust’s stock worth $47,821,000 after purchasing an additional 203,175 shares during the last quarter. Atria Investments LLC bought a new stake in shares of Ryman Hospitality Properties during the second quarter worth about $10,850,000. Finally, Green Square Asset Management LLC bought a new stake in shares of Ryman Hospitality Properties during the second quarter worth about $10,709,000. 87.30% of the stock is owned by institutional investors.

NYSE RHP opened at $81.19 on Wednesday. The company has a market cap of $4.17 billion, a price-to-earnings ratio of 13.85, a P/E/G ratio of 1.88 and a beta of 1.13. Ryman Hospitality Properties Inc has a 52 week low of $64.36 and a 52 week high of $87.91. The business has a 50 day moving average price of $81.03 and a 200-day moving average price of $80.68. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 5.97.

Ryman Hospitality Properties (NYSE:RHP) last released its quarterly earnings data on Tuesday, August 6th. The real estate investment trust reported $0.95 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.88 by ($0.93). The firm had revenue of $407.70 million for the quarter, compared to the consensus estimate of $399.41 million. Ryman Hospitality Properties had a net margin of 18.20% and a return on equity of 63.53%. The company’s revenue was up 22.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.80 EPS. On average, equities research analysts anticipate that Ryman Hospitality Properties Inc will post 6.79 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a $0.90 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $3.60 annualized dividend and a dividend yield of 4.43%. Ryman Hospitality Properties’s payout ratio is currently 61.43%.

In other news, CEO Colin V. Reed acquired 13,585 shares of Ryman Hospitality Properties stock in a transaction dated Friday, August 9th. The shares were purchased at an average cost of $79.30 per share, for a total transaction of $1,077,290.50. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 3.30% of the company’s stock.

A number of research firms recently commented on RHP. Zacks Investment Research lowered Ryman Hospitality Properties from a “buy” rating to a “hold” rating in a research note on Wednesday, September 11th. Deutsche Bank reissued a “buy” rating and issued a $99.00 price target on shares of Ryman Hospitality Properties in a research note on Thursday, August 8th. JPMorgan Chase & Co. dropped their price target on Ryman Hospitality Properties from $77.00 to $76.00 and set an “underweight” rating on the stock in a research note on Friday, September 6th. SunTrust Banks dropped their price target on Ryman Hospitality Properties from $81.00 to $78.00 and set a “hold” rating on the stock in a research note on Friday, August 9th. Finally, ValuEngine lowered Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $86.00.

Ryman Hospitality Properties Company Profile

Ryman Hospitality Properties, Inc (NYSE:RHP) is a REIT for federal income tax purposes, specializing in group-oriented, destination hotel assets in urban and resort markets. The Company's owned assets include a network of four upscale, meetings-focused resorts totaling 8,114 rooms that are managed by lodging operator Marriott International, Inc under the Gaylord Hotels brand.

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

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