BB&T Securities LLC Has $6.29 Million Holdings in Ryman Hospitality Properties, Inc. (RHP)

BB&T Securities LLC raised its position in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 7.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 100,648 shares of the real estate investment trust’s stock after buying an additional 6,574 shares during the period. BB&T Securities LLC owned 0.20% of Ryman Hospitality Properties worth $6,289,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Cable Hill Partners LLC bought a new position in shares of Ryman Hospitality Properties during the 3rd quarter valued at approximately $109,000. Advisor Group Inc. grew its position in shares of Ryman Hospitality Properties by 59.0% during the 2nd quarter. Advisor Group Inc. now owns 1,740 shares of the real estate investment trust’s stock valued at $110,000 after acquiring an additional 646 shares during the period. Quantbot Technologies LP bought a new position in shares of Ryman Hospitality Properties during the 3rd quarter valued at approximately $161,000. ARP Americas LLC bought a new position in shares of Ryman Hospitality Properties during the 3rd quarter valued at approximately $231,000. Finally, Profund Advisors LLC grew its position in shares of Ryman Hospitality Properties by 5.2% during the 2nd quarter. Profund Advisors LLC now owns 3,622 shares of the real estate investment trust’s stock valued at $232,000 after acquiring an additional 178 shares during the period. Hedge funds and other institutional investors own 87.26% of the company’s stock.

A number of research analysts have recently weighed in on RHP shares. BidaskClub raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. Deutsche Bank reissued a “buy” rating and set a $70.00 target price (down from $71.00) on shares of Ryman Hospitality Properties in a research report on Thursday, August 10th. SunTrust Banks reissued a “hold” rating and set a $60.00 target price on shares of Ryman Hospitality Properties in a research report on Friday, November 10th. Finally, Zacks Investment Research downgraded shares of Ryman Hospitality Properties from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 24th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. Ryman Hospitality Properties has a consensus rating of “Hold” and a consensus target price of $65.60.

In related news, CEO Colin V. Reed sold 19,280 shares of the firm’s stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $63.30, for a total value of $1,220,424.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Colin V. Reed acquired 20,000 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was acquired at an average cost of $65.98 per share, with a total value of $1,319,600.00. The disclosure for this purchase can be found here. 3.40% of the stock is currently owned by company insiders.

Ryman Hospitality Properties, Inc. (RHP) opened at $69.44 on Friday. Ryman Hospitality Properties, Inc. has a 52-week low of $57.78 and a 52-week high of $70.00. The firm has a market cap of $3,555.05, a P/E ratio of 13.00, a PEG ratio of 2.60 and a beta of 1.16. The company has a debt-to-equity ratio of 4.46, a quick ratio of 0.87 and a current ratio of 0.87.

Ryman Hospitality Properties (NYSE:RHP) last released its quarterly earnings data on Tuesday, November 7th. The real estate investment trust reported $1.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.38. The company had revenue of $264.70 million during the quarter, compared to the consensus estimate of $268.97 million. Ryman Hospitality Properties had a net margin of 13.10% and a return on equity of 43.45%. Ryman Hospitality Properties’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same period last year, the firm earned $1.28 EPS. sell-side analysts anticipate that Ryman Hospitality Properties, Inc. will post 5.47 earnings per share for the current fiscal year.

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Ryman Hospitality Properties Profile

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.

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

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