BTIM Corp. raised its holdings in shares of Ryman Hospitality Properties Inc (NYSE:RHP) by 0.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 280,684 shares of the real estate investment trust’s stock after purchasing an additional 1,255 shares during the quarter. BTIM Corp. owned 0.55% of Ryman Hospitality Properties worth $23,084,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of RHP. Resources Investment Advisors Inc. acquired a new position in shares of Ryman Hospitality Properties in the 4th quarter worth $25,000. Nisa Investment Advisors LLC grew its holdings in shares of Ryman Hospitality Properties by 155.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 985 shares of the real estate investment trust’s stock worth $66,000 after acquiring an additional 600 shares during the last quarter. Advisor Group Inc. grew 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 acquiring an additional 273 shares during the last quarter. Silverleafe Capital Partners LLC acquired a new position in shares of Ryman Hospitality Properties in the 1st quarter worth $231,000. Finally, Vident Investment Advisory LLC acquired a new position in shares of Ryman Hospitality Properties in the 3rd quarter worth $260,000. Hedge funds and other institutional investors own 88.52% of the company’s stock.
RHP traded up $0.25 during trading on Thursday, reaching $83.74. 389,996 shares of the stock traded hands, compared to its average volume of 267,251. The stock has a market cap of $4.19 billion, a price-to-earnings ratio of 14.29, a PEG ratio of 1.27 and a beta of 1.32. Ryman Hospitality Properties Inc has a fifty-two week low of $64.36 and a fifty-two week 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 business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were given a $0.90 dividend. The ex-dividend date was Thursday, March 28th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.30%. This is a boost from Ryman Hospitality Properties’s previous quarterly dividend of $0.85. Ryman Hospitality Properties’s payout ratio is currently 61.43%.
A number of brokerages recently issued reports on RHP. Zacks Investment Research cut Ryman Hospitality Properties from a “buy” rating to a “hold” rating in a report on Friday, March 8th. Deutsche Bank raised their target price on Ryman Hospitality Properties from $94.00 to $98.00 and gave the stock a “buy” rating in a research report on Monday, February 11th. Finally, ValuEngine cut Ryman Hospitality Properties from a “buy” rating to a “hold” rating in a research report on Thursday, February 28th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Ryman Hospitality Properties has an average rating of “Buy” and a consensus price target of $91.40.
In other news, EVP Patrick S. Chaffin sold 2,000 shares of Ryman Hospitality Properties stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $83.39, for a total value of $166,780.00. Following the transaction, the executive vice president now directly owns 14,759 shares in the company, valued at $1,230,753.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Colin V. Reed acquired 6,106 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was acquired at an average price of $82.46 per share, for a total transaction of $503,500.76. The disclosure for this purchase can be found here. 3.30% of the stock is owned by insiders.
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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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