Verition Fund Management LLC acquired a new stake in shares of Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 4,743 shares of the real estate investment trust’s stock, valued at approximately $327,000.
A number of other large investors have also modified their holdings of RHP. Raymond James Financial Services Advisors Inc. bought a new stake in Ryman Hospitality Properties during the third quarter worth approximately $277,000. Bank of New York Mellon Corp boosted its holdings in 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 worth $45,994,000 after buying an additional 11,892 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in Ryman Hospitality Properties by 28.4% during the third quarter. Russell Investments Group Ltd. now owns 176,376 shares of the real estate investment trust’s stock worth $11,021,000 after buying an additional 38,968 shares in the last quarter. Quantbot Technologies LP bought a new stake in Ryman Hospitality Properties during the third quarter worth approximately $161,000. Finally, SG Americas Securities LLC boosted its holdings in Ryman Hospitality Properties by 385.9% during the third quarter. SG Americas Securities LLC now owns 13,615 shares of the real estate investment trust’s stock worth $851,000 after buying an additional 10,813 shares in the last quarter. Hedge funds and other institutional investors own 87.13% of the company’s stock.
In other news, CEO Colin V. Reed acquired 5,995 shares of the firm’s stock in a transaction that occurred on Wednesday, January 17th. The stock was purchased at an average price of $75.81 per share, with a total value of $454,480.95. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 3.40% of the company’s stock.
Ryman Hospitality Properties (NYSE:RHP) last posted its quarterly earnings data on Friday, February 23rd. The real estate investment trust reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.07. Ryman Hospitality Properties had a net margin of 14.86% and a return on equity of 49.82%. The firm had revenue of $345.18 million during the quarter, compared to analyst estimates of $335.37 million. During the same quarter last year, the business posted $1.51 EPS. The company’s revenue was up 7.9% on a year-over-year basis. equities research analysts predict that Ryman Hospitality Properties, Inc. will post 5.9 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Friday, March 30th will be paid a $0.85 dividend. This is a positive change from Ryman Hospitality Properties’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $3.40 dividend on an annualized basis and a yield of 4.63%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is currently 93.57%.
RHP has been the subject of a number of research reports. Wells Fargo upgraded shares of Ryman Hospitality Properties from a “market perform” rating to an “outperform” rating and set a $76.00 target price for the company in a report on Tuesday, December 19th. ValuEngine upgraded shares of Ryman Hospitality Properties from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Bank of America upgraded shares of Ryman Hospitality Properties from an “underperform” rating to a “buy” rating in a report on Monday, January 8th. Zacks Investment Research cut shares of Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. Finally, Deutsche Bank raised their target price on shares of Ryman Hospitality Properties from $77.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, February 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $76.17.
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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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