Fiduciary Trust Co. Purchases Shares of 2,500 Ryman Hospitality Properties Inc (RHP)

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.

Ryman Hospitality Properties (NYSE:RHP) last released its quarterly earnings data on Tuesday, May 7th. The real estate investment trust reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.85). The firm had revenue of $370.80 million for the quarter, compared to analyst estimates of $363.63 million. Ryman Hospitality Properties had a return on equity of 67.41% and a net margin of 19.65%. The company’s quarterly revenue was up 28.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.18 earnings per share. On average, analysts forecast that Ryman Hospitality Properties Inc will post 6.7 earnings per share for the current fiscal year.

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.

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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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