Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP) Stake Lowered by US Bancorp DE

US Bancorp DE lowered its position in Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP) by 4.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,668 shares of the real estate investment trust’s stock after selling 917 shares during the period. US Bancorp DE’s holdings in Ryman Hospitality Properties, Inc. (REIT) were worth $1,258,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Tudor Investment Corp ET AL raised its stake in Ryman Hospitality Properties, Inc. (REIT) by 50.5% in the first quarter. Tudor Investment Corp ET AL now owns 5,267 shares of the real estate investment trust’s stock worth $326,000 after buying an additional 1,767 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Ryman Hospitality Properties, Inc. (REIT) by 7.3% in the first quarter. Bank of New York Mellon Corp now owns 725,672 shares of the real estate investment trust’s stock worth $44,868,000 after buying an additional 49,384 shares in the last quarter. Teachers Advisors LLC raised its stake in Ryman Hospitality Properties, Inc. (REIT) by 2.1% in the fourth quarter. Teachers Advisors LLC now owns 84,287 shares of the real estate investment trust’s stock worth $5,311,000 after buying an additional 1,743 shares in the last quarter. BTIM Corp. raised its stake in Ryman Hospitality Properties, Inc. (REIT) by 2.0% in the second quarter. BTIM Corp. now owns 399,957 shares of the real estate investment trust’s stock worth $25,601,000 after buying an additional 7,985 shares in the last quarter. Finally, Pioneer Investment Management Inc. bought a new stake in Ryman Hospitality Properties, Inc. (REIT) during the first quarter worth $1,619,000. Institutional investors own 86.92% of the company’s stock.

Shares of Ryman Hospitality Properties, Inc. (RHP) opened at 58.40 on Friday. The stock has a market cap of $2.96 billion, a price-to-earnings ratio of 18.48 and a beta of 1.15. The stock’s 50 day moving average price is $61.90 and its 200 day moving average price is $63.09. Ryman Hospitality Properties, Inc. has a one year low of $47.31 and a one year high of $67.97.

Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP) last announced its earnings results on Tuesday, August 8th. The real estate investment trust reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.03. Ryman Hospitality Properties, Inc. (REIT) had a net margin of 13.86% and a return on equity of 46.19%. The business had revenue of $298.80 million during the quarter, compared to analysts’ expectations of $296.01 million. During the same period in the prior year, the company earned $1.59 earnings per share. The business’s revenue was up .9% compared to the same quarter last year. Analysts forecast that Ryman Hospitality Properties, Inc. will post $3.02 earnings per share for the current year.

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A number of analysts have weighed in on RHP shares. BidaskClub lowered Ryman Hospitality Properties, Inc. (REIT) from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Deutsche Bank AG restated a “buy” rating and set a $70.00 target price (down previously from $71.00) on shares of Ryman Hospitality Properties, Inc. (REIT) in a report on Thursday, August 10th. Zacks Investment Research lowered Ryman Hospitality Properties, Inc. (REIT) from a “buy” rating to a “hold” rating in a report on Friday, May 5th. Finally, Raymond James Financial, Inc. restated a “market perform” rating on shares of Ryman Hospitality Properties, Inc. (REIT) in a report on Friday, July 14th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $64.40.

In other news, EVP Bennett D. Westbrook sold 10,000 shares of the company’s stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $66.86, for a total value of $668,600.00. Following the completion of the sale, the executive vice president now directly owns 18,744 shares of the company’s stock, valued at $1,253,223.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Colin V. Reed sold 30,000 shares of the business’s stock in a transaction dated 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 transaction, 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. Insiders sold 63,644 shares of company stock valued at $4,085,008 over the last ninety days. Corporate insiders own 3.40% of the company’s stock.

About Ryman Hospitality Properties, Inc. (REIT)

Ryman Hospitality Properties, Inc owns and operates hotels in the United States. Its Hospitality segment operates a network of meetings-focused resorts, including the Gaylord Opryland Resort and Convention Center in Nashville, Tennessee; the Gaylord Opryland Resort and Convention Center in Kissimmee, Florida; the Gaylord Texan Resort and Convention Center in Grapevine, Texas; and the Gaylord National Resort and Convention Center in Prince George’s County, Maryland.

Institutional Ownership by Quarter for Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP)

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