Ryman Hospitality Properties, Inc. $RHP Shares Acquired by Reinhart Partners LLC.

Reinhart Partners LLC. grew its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 1.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 603,537 shares of the real estate investment trust’s stock after purchasing an additional 8,253 shares during the period. Ryman Hospitality Properties makes up about 1.8% of Reinhart Partners LLC.’s portfolio, making the stock its 25th biggest holding. Reinhart Partners LLC.’s holdings in Ryman Hospitality Properties were worth $54,072,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. increased its position in Ryman Hospitality Properties by 240.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 209 shares in the last quarter. AlphaQuest LLC boosted its holdings in Ryman Hospitality Properties by 492.9% in the second quarter. AlphaQuest LLC now owns 332 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 276 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Ryman Hospitality Properties by 140.3% during the second quarter. Smartleaf Asset Management LLC now owns 483 shares of the real estate investment trust’s stock worth $49,000 after acquiring an additional 282 shares during the last quarter. Salomon & Ludwin LLC purchased a new stake in shares of Ryman Hospitality Properties during the third quarter worth about $50,000. Finally, Fifth Third Bancorp increased its holdings in shares of Ryman Hospitality Properties by 31.3% during the second quarter. Fifth Third Bancorp now owns 756 shares of the real estate investment trust’s stock valued at $75,000 after acquiring an additional 180 shares in the last quarter. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Chairman Colin V. Reed bought 8,993 shares of the stock in a transaction on 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 directly owned 888,010 shares in the company, valued at $81,839,001.60. This trade represents a 1.02% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 5.00% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on RHP. Barclays set a $109.00 target price on shares of Ryman Hospitality Properties in a research note on Tuesday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ryman Hospitality Properties in a report on Friday, October 31st. Morgan Stanley set a $88.00 price objective on shares of Ryman Hospitality Properties in a research note on Friday. Wall Street Zen raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Evercore ISI reduced their target price on Ryman Hospitality Properties from $120.00 to $110.00 and set an “outperform” rating for the company in a research note on Thursday, October 30th. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $110.27.

Ryman Hospitality Properties Price Performance

NYSE:RHP opened at $94.79 on Friday. The firm has a market cap of $5.97 billion, a price-to-earnings ratio of 25.08, a PEG ratio of 2.39 and a beta of 1.22. Ryman Hospitality Properties, Inc. has a one year low of $76.27 and a one year high of $108.42. The firm’s fifty day moving average is $94.92 and its two-hundred day moving average is $95.13. The company has a debt-to-equity ratio of 4.98, a quick ratio of 1.49 and a current ratio of 1.49.

Ryman Hospitality Properties (NYSE:RHP) last posted its quarterly earnings data on Tuesday, November 4th. The real estate investment trust reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.04. Ryman Hospitality Properties had a return on equity of 34.50% and a net margin of 9.58%.The business had revenue of $592.46 million during the quarter, compared to analysts’ expectations of $573.40 million. During the same period in the previous year, the business earned $1.93 earnings per share. The business’s revenue was up 7.7% compared to the same quarter last year. Research analysts expect that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.

Ryman Hospitality Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were paid a $1.20 dividend. This is a boost from Ryman Hospitality Properties’s previous quarterly dividend of $1.15. This represents a $4.80 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date of this dividend was Wednesday, December 31st. Ryman Hospitality Properties’s dividend payout ratio is presently 126.98%.

Ryman Hospitality Properties Company Profile

Ryman Hospitality Properties, Inc is a publicly traded real estate investment trust (REIT) specializing in the ownership and operation of group‐oriented, large convention center hotel resorts. The company’s portfolio is anchored by its Gaylord Hotels brand, offering integrated resort, convention, entertainment and dining experiences under long‐term management agreements with Marriott International.

Ryman’s flagship properties include Gaylord Opryland Resort & Convention Center in Nashville, Gaylord Texan Resort & Convention Center near Dallas/Fort Worth and Gaylord Palms Resort & Convention Center in Orlando, Florida.