Great West Life Assurance Co. Can raised its position in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 25.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,810 shares of the real estate investment trust’s stock after acquiring an additional 7,543 shares during the quarter. Great West Life Assurance Co. Can owned 0.07% of Ryman Hospitality Properties worth $2,294,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Cable Hill Partners LLC acquired a new stake in Ryman Hospitality Properties in the third quarter valued at approximately $109,000. Advisor Group Inc. grew its position in Ryman Hospitality Properties by 59.0% in the second 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 in the last quarter. Quantbot Technologies LP acquired a new stake in Ryman Hospitality Properties in the third quarter valued at approximately $161,000. ARP Americas LLC acquired a new stake in Ryman Hospitality Properties in the third quarter valued at approximately $231,000. Finally, Profund Advisors LLC grew its position in Ryman Hospitality Properties by 5.2% in the second 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 in the last quarter. 87.30% of the stock is owned by institutional investors.
RHP has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. SunTrust Banks reissued a “hold” rating and set a $60.00 price target on shares of Ryman Hospitality Properties in a research report on Friday, November 10th. Finally, BidaskClub raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $65.75.
Ryman Hospitality Properties (NYSE:RHP) last released its quarterly earnings results on Tuesday, November 7th. The real estate investment trust reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.38. Ryman Hospitality Properties had a net margin of 13.10% and a return on equity of 43.45%. The business had revenue of $264.70 million during the quarter, compared to the consensus estimate of $268.97 million. During the same quarter last year, the company earned $1.28 earnings per share. The business’s quarterly revenue was down 2.6% compared to the same quarter last year. research analysts forecast that Ryman Hospitality Properties, Inc. will post 5.47 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date is Thursday, December 28th. Ryman Hospitality Properties’s payout ratio is currently 108.47%.
In other Ryman Hospitality Properties news, CEO Colin V. Reed acquired 20,000 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was purchased at an average price of $65.98 per share, with a total value of $1,319,600.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Scott J. Lynn sold 3,250 shares of Ryman Hospitality Properties stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $68.41, for a total transaction of $222,332.50. Following the completion of the transaction, the senior vice president now directly owns 4,147 shares of the company’s stock, valued at approximately $283,696.27. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by company insiders.
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Ryman Hospitality Properties Company 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 Georges County, Maryland.
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