Scopus Asset Management L.P. bought a new stake in shares of Ryman Hospitality Properties Inc (NYSE:RHP) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 293,300 shares of the real estate investment trust’s stock, valued at approximately $22,716,000. Scopus Asset Management L.P. owned approximately 0.57% of Ryman Hospitality Properties as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in the stock. Delpha Capital Management LLC acquired a new stake in Ryman Hospitality Properties in the 4th quarter valued at approximately $119,000. Fort Washington Investment Advisors Inc. OH bought a new position in shares of Ryman Hospitality Properties during the 1st quarter worth approximately $201,000. Zeke Capital Advisors LLC bought a new position in shares of Ryman Hospitality Properties during the 1st quarter worth approximately $203,000. Suntrust Banks Inc. bought a new position in shares of Ryman Hospitality Properties during the 4th quarter worth approximately $205,000. Finally, Signature Financial Management Inc. bought a new position in shares of Ryman Hospitality Properties during the 1st quarter worth approximately $206,000. 86.53% of the stock is owned by institutional investors and hedge funds.
Shares of RHP stock opened at $83.15 on Friday. Ryman Hospitality Properties Inc has a fifty-two week low of $57.78 and a fifty-two week high of $85.77. The firm has a market capitalization of $4.21 billion, a price-to-earnings ratio of 14.90, a price-to-earnings-growth ratio of 1.87 and a beta of 1.23. The company has a debt-to-equity ratio of 4.58, a quick ratio of 1.26 and a current ratio of 1.26.
Ryman Hospitality Properties (NYSE:RHP) last announced its earnings results on Tuesday, May 1st. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.19 by ($0.66). The company had revenue of $288.40 million for the quarter, compared to the consensus estimate of $283.46 million. Ryman Hospitality Properties had a return on equity of 48.28% and a net margin of 14.27%. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.22 earnings per share. analysts forecast that Ryman Hospitality Properties Inc will post 5.9 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, July 16th. Shareholders of record on Friday, June 29th will be paid a dividend of $0.85 per share. The ex-dividend date is Thursday, June 28th. This represents a $3.40 dividend on an annualized basis and a yield of 4.09%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is currently 61.15%.
Several equities analysts have issued reports on RHP shares. Wells Fargo & Co reiterated a “buy” rating on shares of Ryman Hospitality Properties in a research report on Friday, June 1st. Citigroup raised Ryman Hospitality Properties from a “neutral” rating to a “buy” rating and set a $86.00 price objective for the company in a research note on Friday, April 6th. Zacks Investment Research cut Ryman Hospitality Properties from a “buy” rating to a “hold” rating in a research note on Wednesday, June 20th. Finally, ValuEngine lowered Ryman Hospitality Properties from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 2nd. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Ryman Hospitality Properties currently has a consensus rating of “Buy” and an average price target of $82.17.
In other Ryman Hospitality Properties news, SVP Scott J. Lynn sold 2,500 shares of the business’s stock in a transaction on Thursday, June 14th. The shares were sold at an average price of $83.34, for a total transaction of $208,350.00. Following the sale, the senior vice president now owns 5,546 shares of the company’s stock, valued at approximately $462,203.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Colin V. Reed purchased 6,142 shares of Ryman Hospitality Properties stock in a transaction dated Tuesday, April 17th. The shares were purchased at an average price of $79.34 per share, with a total value of $487,306.28. The disclosure for this purchase can be found here. In the last three months, insiders have sold 21,928 shares of company stock worth $1,809,048. Insiders own 3.20% of the company’s stock.
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 Company's owned assets include a network of four upscale, meetings-focused resorts totaling 7,811 rooms that are managed by lodging operator Marriott International, Inc under the Gaylord Hotels brand.
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