Maryland State Retirement & Pension System Sells 8,576 Shares of Ryman Hospitality Properties, Inc. $RHP

Maryland State Retirement & Pension System trimmed its position in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 48.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,057 shares of the real estate investment trust’s stock after selling 8,576 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Ryman Hospitality Properties were worth $811,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of RHP. Geneos Wealth Management Inc. boosted its position in shares of Ryman Hospitality Properties by 240.2% in the first quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 209 shares during the period. AlphaQuest LLC raised its stake in Ryman Hospitality Properties by 492.9% in the 2nd quarter. AlphaQuest LLC now owns 332 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 276 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in Ryman Hospitality Properties by 140.3% in the 2nd quarter. Smartleaf Asset Management LLC now owns 483 shares of the real estate investment trust’s stock valued at $49,000 after purchasing an additional 282 shares during the period. Salomon & Ludwin LLC acquired a new position in shares of Ryman Hospitality Properties during the 3rd quarter worth approximately $50,000. Finally, Fifth Third Bancorp increased its holdings in shares of Ryman Hospitality Properties by 31.3% during the second quarter. Fifth Third Bancorp now owns 756 shares of the real estate investment trust’s stock worth $75,000 after purchasing an additional 180 shares during the period. Institutional investors and hedge funds own 94.48% of the company’s stock.

Insider Transactions at Ryman Hospitality Properties

In related news, Chairman Colin V. Reed acquired 8,993 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The stock was acquired at an average price of $92.16 per share, with a total value of $828,794.88. Following the purchase, the chairman directly owned 888,010 shares in the company, valued at approximately $81,839,001.60. This trade represents a 1.02% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 5.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on RHP. Barclays set a $109.00 price target on Ryman Hospitality Properties in a research note on Tuesday, January 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $131.00 price objective on shares of Ryman Hospitality Properties in a report on Tuesday, January 13th. Evercore ISI reduced their target price on Ryman Hospitality Properties from $120.00 to $110.00 and set an “outperform” rating on the stock in a report on Thursday, October 30th. Wells Fargo & Company reduced their target price on Ryman Hospitality Properties from $114.00 to $109.00 and set an “overweight” rating on the stock in a report on Monday, December 1st. Finally, Wall Street Zen raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $110.27.

Ryman Hospitality Properties Trading Up 2.6%

Shares of RHP opened at $95.93 on Thursday. The company has a debt-to-equity ratio of 4.98, a quick ratio of 1.49 and a current ratio of 1.49. Ryman Hospitality Properties, Inc. has a 52-week low of $76.27 and a 52-week high of $108.42. The firm has a market cap of $6.04 billion, a price-to-earnings ratio of 25.38, a PEG ratio of 2.36 and a beta of 1.22. The business’s fifty day moving average is $94.92 and its 200-day moving average is $94.91.

Ryman Hospitality Properties (NYSE:RHP) last released its quarterly earnings data on Tuesday, November 4th. The real estate investment trust reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.04. Ryman Hospitality Properties had a return on equity of 34.50% and a net margin of 9.58%.The business had revenue of $592.46 million for the quarter, compared to analyst estimates of $573.40 million. During the same period last year, the firm posted $1.93 earnings per share. Ryman Hospitality Properties’s revenue was up 7.7% compared to the same quarter last year. Equities analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

Ryman Hospitality Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were issued a dividend of $1.20 per share. This is a boost from Ryman Hospitality Properties’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $4.80 annualized dividend and a dividend yield of 5.0%. Ryman Hospitality Properties’s payout ratio is presently 126.98%.

Ryman Hospitality Properties Company Profile

Ryman Hospitality Properties, Inc is a publicly traded real estate investment trust (REIT) specializing in the ownership and operation of group?oriented, large convention center hotel resorts. The company’s portfolio is anchored by its Gaylord Hotels brand, offering integrated resort, convention, entertainment and dining experiences under long?term management agreements with Marriott International.

Ryman’s flagship properties include Gaylord Opryland Resort & Convention Center in Nashville, Gaylord Texan Resort & Convention Center near Dallas/Fort Worth and Gaylord Palms Resort & Convention Center in Orlando, Florida.