Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue reduced its position in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 12.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,750 shares of the real estate investment trust’s stock after selling 3,030 shares during the period. State of Alaska Department of Revenue’s holdings in Ryman Hospitality Properties were worth $1,392,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. Bank of Montreal Can raised its position in Ryman Hospitality Properties by 10.6% in the first quarter. Bank of Montreal Can now owns 37,530 shares of the real estate investment trust’s stock worth $2,320,000 after buying an additional 3,611 shares during the period. Creative Planning increased its stake in Ryman Hospitality Properties by 74.6% in the first quarter. Creative Planning now owns 2,809 shares of the real estate investment trust’s stock worth $174,000 after buying an additional 1,200 shares in the last quarter. Copper Rock Capital Partners LLC increased its stake in Ryman Hospitality Properties by 56.4% in the first quarter. Copper Rock Capital Partners LLC now owns 629,534 shares of the real estate investment trust’s stock worth $38,993,000 after buying an additional 226,962 shares in the last quarter. Raymond James Trust N.A. increased its stake in Ryman Hospitality Properties by 16.4% in the first quarter. Raymond James Trust N.A. now owns 8,118 shares of the real estate investment trust’s stock valued at $501,000 after buying an additional 1,142 shares in the last quarter. Finally, Macquarie Group Ltd. increased its stake in Ryman Hospitality Properties by 24.0% in the fourth quarter. Macquarie Group Ltd. now owns 16,000 shares of the real estate investment trust’s stock valued at $1,008,000 after buying an additional 3,100 shares in the last quarter. 89.18% of the stock is currently owned by institutional investors.

Ryman Hospitality Properties, Inc. (NYSE RHP) traded down 0.31% during mid-day trading on Friday, reaching $58.22. The company’s stock had a trading volume of 257,217 shares. The stock’s 50-day moving average is $62.98 and its 200-day moving average is $63.27. The firm has a market capitalization of $2.95 billion, a PE ratio of 18.42 and a beta of 1.15. Ryman Hospitality Properties, Inc. has a 12 month low of $47.31 and a 12 month high of $67.97.

Ryman Hospitality Properties (NYSE:RHP) last announced its quarterly earnings data on Tuesday, August 8th. The real estate investment trust reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.03. Ryman Hospitality Properties had a net margin of 13.86% and a return on equity of 46.19%. The firm had revenue of $298.80 million for the quarter, compared to analysts’ expectations of $296.01 million. During the same period last year, the firm earned $1.59 earnings per share. The business’s revenue for the quarter was up .9% on a year-over-year basis. On average, equities analysts anticipate that Ryman Hospitality Properties, Inc. will post $3.03 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Monday, June 19th were issued a $0.80 dividend. The ex-dividend date of this dividend was Thursday, June 15th. This represents a $3.20 annualized dividend and a yield of 5.50%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 101.59%.

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Several equities research analysts recently issued reports on RHP shares. Zacks Investment Research upgraded Ryman Hospitality Properties from a “sell” rating to a “buy” rating and set a $71.00 price objective on the stock in a report on Thursday, May 4th. BidaskClub upgraded Ryman Hospitality Properties from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 21st. Raymond James Financial, Inc. restated a “market perform” rating on shares of Ryman Hospitality Properties in a report on Friday, July 14th. UBS AG cut Ryman Hospitality Properties from an “outperform” rating to a “market perform” rating in a research report on Friday, July 14th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $70.00 price objective (down from $71.00) on shares of Ryman Hospitality Properties in a research report on Thursday. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. Ryman Hospitality Properties currently has an average rating of “Hold” and a consensus price target of $63.00.

In related news, CEO Colin V. Reed sold 10,000 shares of the firm’s stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $63.17, for a total transaction of $631,700.00. Following the sale, the chief executive officer now directly owns 101,930 shares in the company, valued at $6,438,918.10. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Colin V. Reed sold 30,000 shares of the firm’s stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $63.44, for a total transaction of $1,903,200.00. Following the sale, the chief executive officer now owns 101,930 shares in the company, valued at $6,466,439.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 63,644 shares of company stock worth $4,085,008. Company insiders own 3.40% of the company’s stock.

Ryman Hospitality Properties, Inc is a finance company in the Specialized REITs industry.

Institutional Ownership by Quarter for Ryman Hospitality Properties (NYSE:RHP)

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