Fiduciary Trust Co. purchased a new stake in Ryman Hospitality Properties Inc (NYSE:RHP) in the 1st quarter, according to its most recent filing with the SEC. The fund purchased 2,500 shares of the real estate investment trust’s stock, valued at approximately $206,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Resources Investment Advisors Inc. acquired a new position in Ryman Hospitality Properties in the 4th quarter valued at $25,000. Nisa Investment Advisors LLC increased its holdings in shares of Ryman Hospitality Properties by 155.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 985 shares of the real estate investment trust’s stock worth $66,000 after buying an additional 600 shares during the last quarter. Pinnacle Financial Partners Inc. acquired a new stake in shares of Ryman Hospitality Properties during the 1st quarter worth $75,000. Advisor Group Inc. increased its holdings in shares of Ryman Hospitality Properties by 18.8% during the 4th quarter. Advisor Group Inc. now owns 1,723 shares of the real estate investment trust’s stock worth $116,000 after buying an additional 273 shares during the last quarter. Finally, ARP Americas LP acquired a new stake in shares of Ryman Hospitality Properties during the 4th quarter worth $207,000. Institutional investors own 87.86% of the company’s stock.
RHP stock opened at $84.80 on Thursday. The firm has a market cap of $4.41 billion, a PE ratio of 14.47, a PEG ratio of 1.66 and a beta of 1.32. The company has a debt-to-equity ratio of 5.88, a current ratio of 1.16 and a quick ratio of 1.16. Ryman Hospitality Properties Inc has a 52 week low of $64.36 and a 52 week high of $90.02.
In other Ryman Hospitality Properties news, CEO Colin V. Reed purchased 6,106 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was purchased at an average cost of $82.46 per share, with a total value of $503,500.76. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 sale, the executive vice president now directly owns 14,759 shares of the company’s stock, valued at $1,230,753.01. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,142 shares of company stock valued at $592,574. 3.30% of the stock is owned by corporate insiders.
A number of analysts have recently commented on RHP shares. Zacks Investment Research downgraded Ryman Hospitality Properties from a “buy” rating to a “hold” rating in a report on Friday, March 8th. ValuEngine downgraded Ryman Hospitality Properties from a “buy” rating to a “hold” rating in a report on Thursday, February 28th. Finally, Deutsche Bank upped 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. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $91.40.
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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