Nomura Asset Management Co. Ltd. trimmed its stake in shares of Ryman Hospitality Properties Inc (NYSE:RHP) by 1.8% during the first quarter, HoldingsChannel.com reports. The firm owned 32,220 shares of the real estate investment trust’s stock after selling 590 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Ryman Hospitality Properties were worth $2,650,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in RHP. Advisor Group Inc. grew its position in Ryman Hospitality Properties by 45.3% during the first quarter. Advisor Group Inc. now owns 2,503 shares of the real estate investment trust’s stock worth $206,000 after buying an additional 780 shares in the last quarter. BlackRock Inc. grew its position in shares of Ryman Hospitality Properties by 0.4% in the first quarter. BlackRock Inc. now owns 4,986,923 shares of the real estate investment trust’s stock valued at $410,123,000 after purchasing an additional 21,985 shares during the last quarter. Anchor Capital Advisors LLC grew its position in shares of Ryman Hospitality Properties by 30.8% in the first quarter. Anchor Capital Advisors LLC now owns 4,069 shares of the real estate investment trust’s stock valued at $335,000 after purchasing an additional 959 shares during the last quarter. Great West Life Assurance Co. Can grew its position in shares of Ryman Hospitality Properties by 0.8% in the first quarter. Great West Life Assurance Co. Can now owns 39,907 shares of the real estate investment trust’s stock valued at $3,276,000 after purchasing an additional 298 shares during the last quarter. Finally, Pecaut & CO. acquired a new stake in shares of Ryman Hospitality Properties in the first quarter valued at about $268,000. Institutional investors and hedge funds own 87.63% of the company’s stock.

In related news, EVP Patrick S. Chaffin sold 2,000 shares of Ryman Hospitality Properties stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $83.39, for a total transaction of $166,780.00. Following the sale, the executive vice president now directly owns 14,759 shares of the company’s stock, valued at $1,230,753.01. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Scott J. Lynn sold 3,250 shares of Ryman Hospitality Properties stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $83.05, for a total value of $269,912.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,142 shares of company stock worth $592,574. 3.30% of the stock is owned by company insiders.

RHP has been the topic of several research analyst reports. Deutsche Bank raised their price target on Ryman Hospitality Properties from $94.00 to $98.00 and gave the company a “buy” rating in a research report on Monday, February 11th. Zacks Investment Research raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Thursday, February 7th. Finally, ValuEngine downgraded Ryman Hospitality Properties from a “buy” rating to a “hold” rating in a research report on Thursday, February 28th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $91.40.

RHP stock opened at $79.63 on Tuesday. Ryman Hospitality Properties Inc has a twelve month low of $64.36 and a twelve month high of $90.02. The stock has a market cap of $4.11 billion, a P/E ratio of 13.59, a PEG ratio of 1.55 and a beta of 1.22. The company has a debt-to-equity ratio of 5.88, a quick ratio of 1.16 and a current ratio of 1.16.

Ryman Hospitality Properties (NYSE:RHP) last released its earnings results on Tuesday, May 7th. The real estate investment trust reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.85). Ryman Hospitality Properties had a return on equity of 67.41% and a net margin of 19.65%. The firm had revenue of $370.80 million for the quarter, compared to analyst estimates of $363.63 million. During the same period last year, the business earned $1.18 earnings per share. The firm’s quarterly revenue was up 28.6% compared to the same quarter last year. On average, sell-side analysts predict that Ryman Hospitality Properties Inc will post 6.7 earnings per share for the current fiscal year.

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About Ryman Hospitality Properties

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 8,114 rooms that are managed by lodging operator Marriott International, Inc under the Gaylord Hotels brand.

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

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