Gamco Investors INC. ET AL cut its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP – Get Rating) by 2.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,226,807 shares of the real estate investment trust's stock after selling 33,741 shares during the quarter. Ryman Hospitality Properties makes up about 1.0% of Gamco Investors INC. ET AL's investment portfolio, making the stock its 10th largest position. Gamco Investors INC. ET AL owned approximately 2.22% of Ryman Hospitality Properties worth $113,811,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. KB Financial Partners LLC bought a new position in shares of Ryman Hospitality Properties during the first quarter valued at approximately $25,000. Thompson Siegel & Walmsley LLC bought a new position in Ryman Hospitality Properties in the first quarter worth about $27,000. Lazard Asset Management LLC lifted its position in shares of Ryman Hospitality Properties by 667.4% during the first quarter. Lazard Asset Management LLC now owns 330 shares of the real estate investment trust's stock valued at $30,000 after buying an additional 287 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of Ryman Hospitality Properties by 56.2% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 678 shares of the real estate investment trust's stock valued at $64,000 after buying an additional 244 shares in the last quarter. Finally, Covestor Ltd grew its position in shares of Ryman Hospitality Properties by 878.2% in the 1st quarter. Covestor Ltd now owns 851 shares of the real estate investment trust's stock worth $79,000 after buying an additional 764 shares during the last quarter. 93.81% of the stock is currently owned by institutional investors.
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Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of Ryman Hospitality Properties from $116.00 to $121.00 in a research note on Wednesday, August 3rd. TheStreet upgraded Ryman Hospitality Properties from a "d+" rating to a "c" rating in a research note on Tuesday, August 2nd. Truist Financial upgraded Ryman Hospitality Properties from a "hold" rating to a "buy" rating and upped their target price for the company from $95.00 to $103.00 in a research report on Wednesday, September 7th. Wells Fargo & Company reduced their price target on shares of Ryman Hospitality Properties from $107.00 to $101.00 and set an "overweight" rating for the company in a research report on Monday, August 29th. Finally, StockNews.com raised shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a report on Wednesday, August 3rd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $108.00.
Insider Activity at Ryman Hospitality Properties
In other Ryman Hospitality Properties news, Director Christine Pantoya sold 400 shares of the stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $94.02, for a total transaction of $37,608.00. Following the transaction, the director now owns 4,973 shares in the company, valued at $467,561.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Ryman Hospitality Properties news, Director Rachna Bhasin sold 4,810 shares of the stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $92.53, for a total transaction of $445,069.30. Following the transaction, the director now directly owns 4,585 shares of the company's stock, valued at $424,250.05. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Christine Pantoya sold 400 shares of the business's stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $94.02, for a total transaction of $37,608.00. Following the sale, the director now directly owns 4,973 shares of the company's stock, valued at approximately $467,561.46. The disclosure for this sale can be found here. 3.30% of the stock is owned by company insiders.
Ryman Hospitality Properties Trading Down 4.1 %
Ryman Hospitality Properties stock opened at $84.85 on Wednesday. The firm has a market cap of $4.68 billion, a PE ratio of 446.58 and a beta of 1.58. Ryman Hospitality Properties, Inc. has a 12 month low of $70.46 and a 12 month high of $101.19. The stock's 50 day simple moving average is $84.76 and its two-hundred day simple moving average is $87.00. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 459.48.
Ryman Hospitality Properties (NYSE:RHP – Get Rating) last posted its earnings results on Monday, August 1st. The real estate investment trust reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.04. Ryman Hospitality Properties had a net margin of 0.77% and a negative return on equity of 55.38%. The firm had revenue of $470.20 million during the quarter, compared to analysts' expectations of $427.99 million. During the same period in the previous year, the business posted ($0.03) EPS. The business's revenue was up 175.2% compared to the same quarter last year. Analysts anticipate that Ryman Hospitality Properties, Inc. will post 6.22 earnings per share for the current year.
Ryman Hospitality Properties Announces Dividend
The firm also recently announced a — dividend, which will be paid on Monday, October 17th. Stockholders of record on Friday, September 30th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, September 29th.
Ryman Hospitality Properties Company Profile
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Ryman Hospitality Properties, Inc (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and country music entertainment experiences. The Company's core holdings* include a network of five of the top 10 largest non-gaming convention center hotels in the United States based on total indoor meeting space.
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