Taylor Frigon Capital Management LLC Reduces Stake in Ryman Hospitality Properties Inc (RHP)

Taylor Frigon Capital Management LLC cut its stake in shares of Ryman Hospitality Properties Inc (NYSE:RHP) by 4.4% during the 1st quarter, HoldingsChannel reports. The firm owned 14,198 shares of the real estate investment trust’s stock after selling 658 shares during the quarter. Taylor Frigon Capital Management LLC’s holdings in Ryman Hospitality Properties were worth $1,168,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Resources Investment Advisors Inc. purchased a new position in Ryman Hospitality Properties during the fourth quarter valued at $25,000. Nisa Investment Advisors LLC boosted its holdings in shares of Ryman Hospitality Properties by 155.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 985 shares of the real estate investment trust’s stock valued at $66,000 after purchasing an additional 600 shares during the period. Advisor Group Inc. boosted its holdings in shares of Ryman Hospitality Properties by 18.8% in the fourth quarter. Advisor Group Inc. now owns 1,723 shares of the real estate investment trust’s stock valued at $116,000 after purchasing an additional 273 shares during the period. Silverleafe Capital Partners LLC purchased a new stake in shares of Ryman Hospitality Properties in the first quarter valued at approximately $231,000. Finally, Vident Investment Advisory LLC purchased a new stake in shares of Ryman Hospitality Properties in the third quarter valued at approximately $260,000. Institutional investors own 87.98% of the company’s stock.

Ryman Hospitality Properties stock traded up $1.26 during mid-day trading on Friday, reaching $81.39. 566 shares of the company were exchanged, compared to its average volume of 260,139. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 5.20. The firm has a market cap of $4.13 billion, a P/E ratio of 13.77, a P/E/G ratio of 1.24 and a beta of 1.36. Ryman Hospitality Properties Inc has a 12-month low of $64.36 and a 12-month high of $90.02.

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were issued a dividend of $0.90 per share. The ex-dividend date was Thursday, March 28th. This represents a $3.60 dividend on an annualized basis and a yield of 4.42%. This is a positive change from Ryman Hospitality Properties’s previous quarterly dividend of $0.85. Ryman Hospitality Properties’s dividend payout ratio is currently 61.43%.

In other news, EVP Patrick S. Chaffin sold 2,000 shares of the company’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $83.39, for a total transaction of $166,780.00. Following the transaction, the executive vice president now directly owns 14,759 shares of the company’s stock, valued at $1,230,753.01. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Jennifer L. Hutcheson sold 1,892 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $82.39, for a total value of $155,881.88. Following the completion of the transaction, the chief accounting officer now directly owns 5,818 shares in the company, valued at $479,345.02. The disclosure for this sale can be found here. 3.30% of the stock is owned by corporate insiders.

A number of brokerages recently issued reports on RHP. Zacks Investment Research upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Wednesday, February 13th. ValuEngine lowered Ryman Hospitality Properties from a “buy” rating to a “hold” rating in a report on Thursday, February 28th. Deutsche Bank boosted their price target on Ryman Hospitality Properties from $94.00 to $98.00 and gave the company a “buy” rating in a report on Monday, February 11th. Finally, Raymond James upgraded Ryman Hospitality Properties from a “market perform” rating to an “outperform” rating in a report on Tuesday, January 8th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $91.40.

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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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