New York State Common Retirement Fund raised its position in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 59.2% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 75,305 shares of the real estate investment trust’s stock after purchasing an additional 28,004 shares during the period. New York State Common Retirement Fund owned 0.15% of Ryman Hospitality Properties worth $4,820,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Schwab Charles Investment Management Inc. increased its stake in shares of Ryman Hospitality Properties by 9.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 604,107 shares of the real estate investment trust’s stock worth $38,669,000 after acquiring an additional 50,829 shares during the last quarter. Neuberger Berman Group LLC increased its stake in shares of Ryman Hospitality Properties by 14.0% in the 2nd quarter. Neuberger Berman Group LLC now owns 158,114 shares of the real estate investment trust’s stock worth $10,121,000 after acquiring an additional 19,474 shares during the last quarter. Anchor Capital Advisors LLC increased its stake in shares of Ryman Hospitality Properties by 1.9% in the 2nd quarter. Anchor Capital Advisors LLC now owns 5,410 shares of the real estate investment trust’s stock worth $346,000 after acquiring an additional 100 shares during the last quarter. Overbrook Management Corp increased its stake in shares of Ryman Hospitality Properties by 3.1% in the 2nd quarter. Overbrook Management Corp now owns 537,535 shares of the real estate investment trust’s stock worth $34,408,000 after acquiring an additional 16,279 shares during the last quarter. Finally, Tudor Investment Corp ET AL increased its stake in shares of Ryman Hospitality Properties by 50.5% in the 1st quarter. Tudor Investment Corp ET AL now owns 5,267 shares of the real estate investment trust’s stock worth $326,000 after acquiring an additional 1,767 shares during the last quarter. Institutional investors own 86.87% of the company’s stock.

Shares of Ryman Hospitality Properties, Inc. (RHP) opened at 64.68 on Tuesday. The company’s 50 day moving average price is $61.30 and its 200-day moving average price is $62.47. The firm has a market capitalization of $3.28 billion, a P/E ratio of 20.47 and a beta of 1.17. Ryman Hospitality Properties, Inc. has a 12 month low of $48.35 and a 12 month high of $67.97.

Ryman Hospitality Properties (NYSE:RHP) last released its earnings results on Tuesday, August 8th. The real estate investment trust reported $1.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.52 by $0.03. Ryman Hospitality Properties had a return on equity of 46.19% and a net margin of 13.86%. The firm had revenue of $298.80 million for the quarter, compared to the consensus estimate of $296.01 million. During the same period in the prior year, the business posted $1.59 earnings per share. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. On average, equities analysts predict that Ryman Hospitality Properties, Inc. will post $3.02 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were given a dividend of $0.80 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $3.20 annualized dividend and a yield of 4.95%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 101.59%.

RHP has been the subject of a number of recent analyst reports. BidaskClub raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. Zacks Investment Research downgraded Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Deutsche Bank AG reissued a “buy” rating and set a $70.00 price objective (down from $71.00) on shares of Ryman Hospitality Properties in a research report on Thursday, August 10th. Finally, Raymond James Financial, Inc. reissued a “market perform” rating on shares of Ryman Hospitality Properties in a research report on Friday, July 14th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $64.40.

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In related news, CEO Colin V. Reed sold 19,280 shares of the stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $63.30, for a total transaction of $1,220,424.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Colin V. Reed sold 30,000 shares of the stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $63.44, for a total value of $1,903,200.00. Following the transaction, the chief executive officer now owns 101,930 shares in the company, valued at $6,466,439.20. The disclosure for this sale can be found here. Corporate insiders own 3.40% of the company’s stock.

Ryman Hospitality Properties Profile

Ryman Hospitality Properties, Inc owns and operates hotels in the United States. Its Hospitality segment operates a network of meetings-focused resorts, including the Gaylord Opryland Resort and Convention Center in Nashville, Tennessee; the Gaylord Opryland Resort and Convention Center in Kissimmee, Florida; the Gaylord Texan Resort and Convention Center in Grapevine, Texas; and the Gaylord National Resort and Convention Center in Prince George’s County, Maryland.

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Institutional Ownership by Quarter for Ryman Hospitality Properties (NYSE:RHP)

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