JPMorgan Chase & Co. Has $123.68 Million Holdings in Ryman Hospitality Properties, Inc. $RHP

JPMorgan Chase & Co. lessened its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 0.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,253,417 shares of the real estate investment trust’s stock after selling 2,179 shares during the quarter. JPMorgan Chase & Co. owned 1.99% of Ryman Hospitality Properties worth $123,675,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of RHP. Invesco Ltd. boosted its stake in shares of Ryman Hospitality Properties by 56.3% in the 1st quarter. Invesco Ltd. now owns 168,601 shares of the real estate investment trust’s stock valued at $15,417,000 after purchasing an additional 60,713 shares in the last quarter. Hamlin Capital Management LLC increased its position in shares of Ryman Hospitality Properties by 0.7% during the 2nd quarter. Hamlin Capital Management LLC now owns 894,486 shares of the real estate investment trust’s stock worth $88,259,000 after purchasing an additional 6,530 shares in the last quarter. Peregrine Capital Management LLC lifted its holdings in Ryman Hospitality Properties by 4,049.6% during the 2nd quarter. Peregrine Capital Management LLC now owns 56,144 shares of the real estate investment trust’s stock valued at $5,540,000 after purchasing an additional 54,791 shares during the last quarter. Intech Investment Management LLC boosted its position in Ryman Hospitality Properties by 24.6% in the first quarter. Intech Investment Management LLC now owns 34,661 shares of the real estate investment trust’s stock valued at $3,169,000 after buying an additional 6,842 shares in the last quarter. Finally, Graham Capital Management L.P. grew its stake in Ryman Hospitality Properties by 63.1% during the first quarter. Graham Capital Management L.P. now owns 12,713 shares of the real estate investment trust’s stock worth $1,162,000 after buying an additional 4,917 shares during the last quarter. Institutional investors and hedge funds own 94.48% of the company’s stock.

Ryman Hospitality Properties Stock Down 0.5%

NYSE:RHP opened at $95.65 on Thursday. The company has a market cap of $6.03 billion, a price-to-earnings ratio of 22.83, a P/E/G ratio of 1.60 and a beta of 1.60. The company has a debt-to-equity ratio of 4.72, a quick ratio of 1.63 and a current ratio of 1.63. The stock’s fifty day moving average price is $91.04 and its two-hundred day moving average price is $95.77. Ryman Hospitality Properties, Inc. has a 52-week low of $76.27 and a 52-week high of $121.77.

Ryman Hospitality Properties (NYSE:RHP) last released its earnings results on Tuesday, November 4th. The real estate investment trust reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.04. Ryman Hospitality Properties had a return on equity of 41.65% and a net margin of 10.74%.The company had revenue of $592.46 million during the quarter, compared to the consensus estimate of $573.40 million. During the same quarter in the previous year, the company posted $1.93 earnings per share. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. On average, analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.

Ryman Hospitality Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend was Tuesday, September 30th. Ryman Hospitality Properties’s payout ratio is currently 121.69%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on RHP shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Ryman Hospitality Properties in a research note on Friday, October 31st. Wells Fargo & Company raised Ryman Hospitality Properties to a “strong-buy” rating in a report on Friday, October 3rd. Cantor Fitzgerald started coverage on Ryman Hospitality Properties in a research report on Wednesday, October 1st. They issued an “overweight” rating and a $108.00 price objective for the company. Evercore ISI reduced their price objective on Ryman Hospitality Properties from $120.00 to $110.00 and set an “outperform” rating on the stock in a research note on Thursday, October 30th. Finally, Wall Street Zen upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $111.40.

Insider Transactions at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Chairman Colin V. Reed bought 8,993 shares of Ryman Hospitality Properties stock in a transaction dated Friday, November 7th. The shares were bought at an average price of $92.16 per share, with a total value of $828,794.88. Following the purchase, the chairman owned 888,010 shares of the company’s stock, valued at $81,839,001.60. This trade represents a 1.02% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 5.00% of the company’s stock.

Ryman Hospitality Properties Profile

Ryman Hospitality Properties, Inc (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and entertainment experiences. The Company's holdings include Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; Gaylord National Resort & Convention Center; and Gaylord Rockies Resort & Convention Center, five of the top seven largest non-gaming convention center hotels in the United States based on total indoor meeting space.