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Guggenheim Capital LLC reduced its stake in Ryman Hospitality Properties Inc. (NYSE: RHP) by 3.0% in the first quarter, according to the institutional investor held 34,565 shares of the real estate investment trust after selling 1,060 shares during the quarter, while Guggenheim Capital LLC held approximately 0.07% of Ryman Hospitality Properties valued at $ 2,676,000 at the end of the quarter. ;exercise.
Other institutional investors and hedge funds recently changed their position in the company, while Northern Trust Corp. increased its position in Ryman Hospitality Properties by 3.5% in the first quarter, while Northern Trust Corp. holds 951,598 shares of the real estate investment trust worth $ 73,701,000 after the acquisition of 32,057 additional shares in the last quarter. Advisors LP increased its equity holdings in Ryman Hospitality Properties by 4.1% in the first quarter. Dimensional Fund Advisors LP now holds 711,147 shares of the real estate investment trust valued at $ 55,078,000 after purchasing 27,972 additional shares during the last quarter. Schwab Charles Investment Management Inc. increased its equity holdings in Ryman Hospitality Properties by 5.5% in the first quarter. Schwab Charles Investment Management Inc. now holds 677,335 shares of the real estate investment trust valued at $ 52,460,000 after purchasing 35,362 additional shares in the last quarter. Geode Capital Management LLC increased its equity holdings in Ryman Hospitality Properties by 2.1% in the fourth quarter. Geode Capital Management LLC now holds 578,731 shares of the real estate investment trust valued at $ 39,944,000 after purchasing an additional 12,039 shares during the last quarter. Finally, Wells Fargo & Company MN increased its equity holdings in Ryman Hospitality Properties by 7.1% in the first quarter. Wells Fargo & Company MN now holds 384,093 shares of the real estate investment trust valued at $ 29,748,000 after purchasing 25,321 additional shares during the last quarter. 85.59% of the shares are currently held by hedge funds and other institutional investors.
In addition, Executive Vice President Bennett D. Westbrook sold 5,000 shares of Ryman Hospitality Properties during a transaction on Monday, May 21. The shares were sold at an average price of $ 81.81, for a total value of $ 409,050.00. As a result of the sale, the Executive Vice-President now owns 14,466 shares of the Company, valued at approximately $ 1,183,463.46. The transaction was disclosed in a legal deposit with the SEC, which is available on the SEC's website. In addition, Jennifer L. Hutcheson, Senior Vice President, sold 2,428 shares of Ryman Hospitality Properties during a transaction on Tuesday, June 19. The shares were sold at an average price of $ 83.15 for a total transaction of $ 201,888.20. As a result of the sale, the Senior Vice President now directly owns 7663 shares of the Company, valued at approximately $ 645,493.45. The disclosure for this sale can be found here. Over the past ninety days, insiders sold 21,928 shares valued at $ 1,809,048. Insiders own 3.20% of the shares of the company.
NYSE RHP fell $ 0.94 during trading hours on Friday, reaching $ 83.25. The company's stock had a trading volume of 212,804 shares, compared to its average volume of 187,718. The company has a market capitalization of $ 4.27 billion, a risk capital ratio of 15.11, a price / earnings ratio of 1.89 and a beta of 1.26. The company has a debt ratio of 4.58, a ratio of 1.26 and a ratio of 1.26. Ryman Hospitality Properties Inc. has a minimum of $ 52.78 in 52 weeks and a high of $ 85.77 in 52 weeks.
Ryman Hospitality Properties (NYSE: RHP) released its financial results for the last time on Tuesday, May 1st. The real estate investment trust reported earnings per share of $ 0.53 for the quarter, with analysts' consensus setting at $ 1.19 ($ 0.66). The company achieved a turnover of $ 288.40 million for the quarter, compared to $ 283.46 million for analysts. Ryman Hospitality Properties recorded a net margin of 14.27% and a return on equity of 48.28%. The business turnover for the quarter is up 4.5% over the same quarter of last year. During the same period last year, the company posted earnings per share of $ 1.22. Research analysts predict that Ryman Hospitality Properties Inc. will post 5.9 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, July 16th. Shareholders of record on Friday, June 29 received a dividend of $ 0.85 per share. This represents a dividend of $ 3.40 on an annualized basis and a return of 4.08%. The ex-dividend date of this dividend was Thursday, June 28. The dividend payout ratio of Ryman Hospitality Properties is currently 61.15%.
Several stock analysts have recently commented on the stock. Wells Fargo & Co reinstated a "buy" rating on Ryman Hospitality Properties shares in a research note on Friday, June 1st. ValuEngine downgraded Ryman Hospitality Properties shares from a "strong buy" rating to a "buy" note in a research note on Saturday, June 2. Zacks Investment Research cut the shares of Ryman Hospitality Properties from a "buy" rating to a "hold" note in a research report on Wednesday, June 20th. Finally, Citigroup took Ryman Hospitality Properties shares from a "neutral" rating to a "buy" rating and set a target price of $ 86.00 for the company in a report on Friday, April 6th. Two research analysts rated the stock with a conservation rating and six issued a buy-to-action rating. Ryman Hospitality Properties currently has a consensual rating of "Buy" and a consensus price target of $ 82.17
Ryman Hospitality Properties Profile
Ryman Hospitality Properties, Inc. (NYSE: RHP) is a REIT for federal income tax purposes, specializing in group-oriented destination hotel assets in urban and resort markets. The assets held by the Company include a network of four high-end, meeting-oriented resorts totaling 7,811 rooms managed by the Marriott International hotel operator, Inc. under the Gaylord Hotels brand.
Read More: Price to Earnings Ratio (PE)
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