Alliancebernstein L.P. Sells 2,420 Shares of Ryman Hospitality Properties, Inc. (REIT) (RHP)

Alliancebernstein L.P. trimmed its holdings in shares of Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP) by 1.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 140,003 shares of the real estate investment trust’s stock after selling 2,420 shares during the period. Alliancebernstein L.P. owned approximately 0.27% of Ryman Hospitality Properties worth $9,663,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in shares of Ryman Hospitality Properties by 1.1% during the fourth quarter. BlackRock Inc. now owns 4,626,347 shares of the real estate investment trust’s stock valued at $319,310,000 after purchasing an additional 48,437 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Ryman Hospitality Properties by 5.5% during the fourth quarter. Victory Capital Management Inc. now owns 843,020 shares of the real estate investment trust’s stock valued at $58,185,000 after purchasing an additional 43,671 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Ryman Hospitality Properties by 1.6% during the third quarter. Bank of New York Mellon Corp now owns 736,038 shares of the real estate investment trust’s stock valued at $45,994,000 after purchasing an additional 11,892 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Ryman Hospitality Properties by 2.3% during the third quarter. Dimensional Fund Advisors LP now owns 672,774 shares of the real estate investment trust’s stock valued at $42,041,000 after purchasing an additional 15,049 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its holdings in shares of Ryman Hospitality Properties by 8.1% during the third quarter. Schwab Charles Investment Management Inc. now owns 653,206 shares of the real estate investment trust’s stock valued at $40,819,000 after purchasing an additional 49,099 shares during the last quarter. Hedge funds and other institutional investors own 87.06% of the company’s stock.

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Shares of Ryman Hospitality Properties stock opened at $73.44 on Friday. The firm has a market cap of $3,809.40, a P/E ratio of 21.47, a P/E/G ratio of 1.59 and a beta of 1.29. Ryman Hospitality Properties, Inc. has a 1 year low of $57.78 and a 1 year high of $78.91.

Ryman Hospitality Properties (NYSE:RHP) last announced its quarterly earnings results on Friday, February 23rd. The real estate investment trust reported $1.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.62 by $0.07. The company had revenue of $345.18 million during the quarter, compared to the consensus estimate of $335.37 million. Ryman Hospitality Properties had a net margin of 14.86% and a return on equity of 49.82%. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.51 earnings per share. equities analysts anticipate that Ryman Hospitality Properties, Inc. will post 5.9 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Friday, March 30th will be given a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 4.63%. The ex-dividend date of this dividend is Wednesday, March 28th. This is an increase from Ryman Hospitality Properties’s previous quarterly dividend of $0.80. Ryman Hospitality Properties’s payout ratio is 93.57%.

In related news, CEO Colin V. Reed bought 5,995 shares of the business’s stock in a transaction on Wednesday, January 17th. The stock was acquired at an average price of $75.81 per share, with a total value of $454,480.95. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 3.40% of the company’s stock.

Several equities research analysts recently weighed in on the stock. SunTrust Banks raised their price target on shares of Ryman Hospitality Properties to $70.00 and gave the company an “outperform” rating in a research report on Monday, February 26th. They noted that the move was a valuation call. Deutsche Bank raised their price target on shares of Ryman Hospitality Properties from $81.00 to $83.00 and gave the company a “buy” rating in a research report on Monday, February 26th. Zacks Investment Research downgraded shares of Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. Bank of America raised their price target on shares of Ryman Hospitality Properties from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Monday, February 26th. Finally, Wells Fargo raised shares of Ryman Hospitality Properties from a “market perform” rating to an “outperform” rating and set a $76.00 price target for the company in a research report on Tuesday, December 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $76.17.

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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 George?s County, Maryland.

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

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