Raymond James & Associates Boosts Stock Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Raymond James & Associates lifted its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 34.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 25,679 shares of the real estate investment trust's stock after purchasing an additional 6,563 shares during the period. Raymond James & Associates' holdings in Ryman Hospitality Properties were worth $2,754,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its stake in shares of Ryman Hospitality Properties by 194.0% in the second quarter. Principal Financial Group Inc. now owns 2,222,077 shares of the real estate investment trust's stock worth $221,896,000 after buying an additional 1,466,220 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of Ryman Hospitality Properties by 264.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,199,392 shares of the real estate investment trust's stock worth $119,771,000 after purchasing an additional 870,081 shares during the period. Vanguard Group Inc. grew its stake in shares of Ryman Hospitality Properties by 2.7% in the first quarter. Vanguard Group Inc. now owns 8,470,274 shares of the real estate investment trust's stock worth $979,248,000 after purchasing an additional 226,547 shares during the last quarter. Reinhart Partners LLC. increased its holdings in Ryman Hospitality Properties by 55.5% during the 3rd quarter. Reinhart Partners LLC. now owns 383,026 shares of the real estate investment trust's stock valued at $41,076,000 after purchasing an additional 136,756 shares during the period. Finally, Duff & Phelps Investment Management Co. grew its position in shares of Ryman Hospitality Properties by 24.9% in the 2nd quarter. Duff & Phelps Investment Management Co. now owns 552,346 shares of the real estate investment trust's stock worth $55,157,000 after buying an additional 110,027 shares during the last quarter. Hedge funds and other institutional investors own 94.48% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on RHP. JPMorgan Chase & Co. upped their target price on Ryman Hospitality Properties from $104.00 to $105.00 and gave the stock a "neutral" rating in a report on Friday, August 2nd. StockNews.com upgraded shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research note on Friday, August 9th. Finally, Wells Fargo & Company cut their price objective on shares of Ryman Hospitality Properties from $127.00 to $115.00 and set an "overweight" rating on the stock in a report on Friday, September 13th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $124.20.

Ryman Hospitality Properties Price Performance

NYSE:RHP traded down $0.62 on Tuesday, reaching $108.30. 779,095 shares of the company's stock traded hands, compared to its average volume of 453,463. The stock has a 50-day simple moving average of $106.77 and a 200-day simple moving average of $103.79. The firm has a market cap of $6.49 billion, a PE ratio of 20.44, a P/E/G ratio of 2.05 and a beta of 1.65. Ryman Hospitality Properties, Inc. has a 12 month low of $88.14 and a 12 month high of $122.91. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 5.96.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.94 EPS for the quarter, missing the consensus estimate of $1.83 by ($0.89). The company had revenue of $549.90 million for the quarter, compared to the consensus estimate of $545.93 million. Ryman Hospitality Properties had a net margin of 14.21% and a return on equity of 60.97%. The firm's revenue for the quarter was up 4.0% on a year-over-year basis. During the same period last year, the company earned $1.73 EPS. Equities research analysts forecast that Ryman Hospitality Properties, Inc. will post 8.38 earnings per share for the current year.

Ryman Hospitality Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date of this dividend was Monday, September 30th. Ryman Hospitality Properties's dividend payout ratio is currently 82.55%.

Insider Buying and Selling at Ryman Hospitality Properties

In other news, Director Alvin L. Bowles, Jr. sold 900 shares of the business's stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $107.32, for a total transaction of $96,588.00. Following the completion of the sale, the director now directly owns 3,148 shares of the company's stock, valued at approximately $337,843.36. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.00% of the stock is currently owned by corporate insiders.

Ryman Hospitality Properties Profile

Ryman Hospitality Properties, Inc NYSE: RHP is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and entertainment experiences. The Company's holdings include Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; Gaylord National Resort & Convention Center; and Gaylord Rockies Resort & Convention Center, five of the top seven largest non-gaming convention center hotels in the United States based on total indoor meeting space.