Ryman Hospitality Properties, Inc. $RHP Shares Sold by Community Trust & Investment Co.

Community Trust & Investment Co. decreased its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 21.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,139 shares of the real estate investment trust’s stock after selling 6,762 shares during the period. Community Trust & Investment Co.’s holdings in Ryman Hospitality Properties were worth $3,005,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its stake in shares of Ryman Hospitality Properties by 437.0% during the first quarter. International Assets Investment Management LLC now owns 290 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 236 shares during the period. Global Retirement Partners LLC purchased a new stake in shares of Ryman Hospitality Properties in the 2nd quarter valued at $43,000. Trust Co. of Vermont acquired a new stake in shares of Ryman Hospitality Properties in the second quarter worth $51,000. Fifth Third Bancorp increased its stake in shares of Ryman Hospitality Properties by 34.2% in the first quarter. Fifth Third Bancorp now owns 860 shares of the real estate investment trust’s stock worth $79,000 after acquiring an additional 219 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in Ryman Hospitality Properties by 20.0% in the third quarter. Farther Finance Advisors LLC now owns 875 shares of the real estate investment trust’s stock valued at $105,000 after purchasing an additional 146 shares during the last quarter. Institutional investors and hedge funds own 94.48% of the company’s stock.

Wall Street Analyst Weigh In

RHP has been the subject of a number of analyst reports. Weiss Ratings upgraded shares of Ryman Hospitality Properties from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 17th. JPMorgan Chase & Co. increased their price objective on shares of Ryman Hospitality Properties from $113.00 to $129.00 and gave the company an “overweight” rating in a report on Tuesday, July 21st. Citigroup raised their price target on shares of Ryman Hospitality Properties from $125.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, September 9th. Barclays cut their price objective on Ryman Hospitality Properties from $147.00 to $143.00 and set an “overweight” rating for the company in a research note on Tuesday. Finally, Wells Fargo & Company increased their target price on shares of Ryman Hospitality Properties from $126.00 to $136.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating and thirteen have given a Buy rating to the company. Based on data from MarketBeat, Ryman Hospitality Properties presently has an average rating of “Buy” and a consensus price target of $132.42.

Ryman Hospitality Properties Stock Up 2.1%

Shares of NYSE:RHP opened at $125.42 on Friday. The company has a debt-to-equity ratio of 5.02, a current ratio of 1.34 and a quick ratio of 1.34. The firm has a market capitalization of $7.92 billion, a PE ratio of 30.67, a price-to-earnings-growth ratio of 1.88 and a beta of 1.22. The firm’s 50-day moving average is $123.40 and its two-hundred day moving average is $118.49. Ryman Hospitality Properties, Inc. has a 1 year low of $83.82 and a 1 year high of $137.46.

Ryman Hospitality Properties (NYSE:RHP) last issued its quarterly earnings results on Friday, August 7th. The real estate investment trust reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.11. Ryman Hospitality Properties had a net margin of 9.91% and a return on equity of 34.54%. The company had revenue of $748.98 million during the quarter, compared to the consensus estimate of $734.59 million. During the same quarter in the previous year, the firm earned $2.35 earnings per share. The firm’s quarterly revenue was up 13.6% on a year-over-year basis. Analysts predict that Ryman Hospitality Properties, Inc. will post 9.23 EPS for the current year.

Ryman Hospitality Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were given a dividend of $1.20 per share. The ex-dividend date was Wednesday, September 30th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.8%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is 117.36%.

Ryman Hospitality Properties Profile

Ryman Hospitality Properties, Inc (NYSE:RHP) is a real estate investment trust focused on owning and operating high-quality lodging and entertainment assets. The company’s portfolio is centered on large-scale convention center resorts that serve group, business and leisure travelers, with properties designed to combine accommodations, meeting space, dining, retail and entertainment.

Ryman’s flagship hospitality portfolio operates under the Gaylord Hotels brand and includes destination resorts in markets such as Nashville, Tennessee; Orlando, Florida; the Dallas-Fort Worth area; the Washington, DC, area; and the Denver area.