Macquarie Group Ltd. Buys 1,500 Shares of Ryman Hospitality Properties Inc (NYSE:RHP)

Macquarie Group Ltd. boosted its holdings in Ryman Hospitality Properties Inc (NYSE:RHP) by 8.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,800 shares of the real estate investment trust’s stock after buying an additional 1,500 shares during the quarter. Macquarie Group Ltd.’s holdings in Ryman Hospitality Properties were worth $1,320,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Martingale Asset Management L P grew its position in shares of Ryman Hospitality Properties by 0.3% during the 3rd quarter. Martingale Asset Management L P now owns 78,324 shares of the real estate investment trust’s stock worth $6,750,000 after buying an additional 197 shares during the period. Advisor Group Inc. lifted its holdings in shares of Ryman Hospitality Properties by 18.8% in the 4th quarter. Advisor Group Inc. now owns 1,723 shares of the real estate investment trust’s stock worth $116,000 after purchasing an additional 273 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of Ryman Hospitality Properties by 1.9% in the 4th quarter. State of Alaska Department of Revenue now owns 14,597 shares of the real estate investment trust’s stock worth $972,000 after purchasing an additional 278 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of Ryman Hospitality Properties by 3.8% in the 4th quarter. Daiwa Securities Group Inc. now owns 8,100 shares of the real estate investment trust’s stock worth $540,000 after purchasing an additional 300 shares in the last quarter. Finally, Resources Investment Advisors Inc. bought a new position in shares of Ryman Hospitality Properties in the 4th quarter worth $25,000. Institutional investors and hedge funds own 88.18% of the company’s stock.

RHP has been the topic of several recent analyst reports. Raymond James upgraded Ryman Hospitality Properties from a “market perform” rating to an “outperform” rating in a research note on Tuesday, January 8th. ValuEngine raised Ryman Hospitality Properties from a “hold” rating to a “buy” rating in a report on Wednesday, January 30th. Deutsche Bank lifted their price objective on Ryman Hospitality Properties from $94.00 to $98.00 and gave the stock a “buy” rating in a report on Monday, February 11th. Finally, Zacks Investment Research raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Thursday, February 7th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $91.40.

In other news, CAO Jennifer L. Hutcheson sold 1,892 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $82.39, for a total transaction of $155,881.88. Following the completion of the transaction, the chief accounting officer now owns 5,818 shares of the company’s stock, valued at $479,345.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Colin V. Reed bought 6,106 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was purchased at an average price of $82.46 per share, with a total value of $503,500.76. The disclosure for this purchase can be found here. 3.30% of the stock is currently owned by insiders.

Shares of NYSE RHP traded up $1.33 during midday trading on Friday, hitting $81.57. 172,713 shares of the company’s stock were exchanged, compared to its average volume of 259,540. Ryman Hospitality Properties Inc has a 12-month low of $64.36 and a 12-month high of $90.02. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 5.20. The firm has a market capitalization of $4.20 billion, a price-to-earnings ratio of 13.92, a PEG ratio of 1.25 and a beta of 1.32.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were issued a dividend of $0.90 per share. This is a positive change from Ryman Hospitality Properties’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $3.60 annualized dividend and a dividend yield of 4.41%. Ryman Hospitality Properties’s payout ratio is presently 61.43%.

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Ryman Hospitality Properties 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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