Ryman Hospitality Properties, Inc. $RHP Holdings Trimmed by Penn Capital Management Company LLC

Penn Capital Management Company LLC reduced its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 2.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 163,988 shares of the real estate investment trust’s stock after selling 4,307 shares during the quarter. Ryman Hospitality Properties makes up about 1.4% of Penn Capital Management Company LLC’s holdings, making the stock its 20th biggest holding. Penn Capital Management Company LLC owned about 0.26% of Ryman Hospitality Properties worth $19,640,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. Empowered Funds LLC bought a new position in Ryman Hospitality Properties in the second quarter worth about $3,541,000. Wellington Management Group LLP purchased a new stake in Ryman Hospitality Properties in the second quarter worth about $24,658,000. BlackRock Inc. bought a new stake in Ryman Hospitality Properties during the 2nd quarter valued at approximately $1,438,737,000. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in Ryman Hospitality Properties during the 2nd quarter valued at approximately $60,655,000. Finally, Reinhart Partners LLC. grew its holdings in shares of Ryman Hospitality Properties by 1.7% during the 2nd quarter. Reinhart Partners LLC. now owns 710,878 shares of the real estate investment trust’s stock worth $91,386,000 after acquiring an additional 11,766 shares during the period. 94.48% of the stock is currently owned by institutional investors.

Ryman Hospitality Properties Trading Up 2.5%

Shares of NYSE:RHP opened at $135.41 on Tuesday. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.15 and a quick ratio of 1.34. Ryman Hospitality Properties, Inc. has a 1 year low of $89.60 and a 1 year high of $137.46. The company has a market cap of $9.34 billion, a P/E ratio of 14.73, a PEG ratio of 2.02 and a beta of 1.23. The stock’s fifty day moving average price is $125.36 and its 200-day moving average price is $114.67.

Ryman Hospitality Properties (NYSE:RHP) last released its quarterly earnings data on Monday, November 2nd. The real estate investment trust reported $0.58 EPS for the quarter, missing the consensus estimate of $1.62 by ($1.04). Ryman Hospitality Properties had a return on equity of 29.45% and a net margin of 9.88%. The business had revenue of $655.80 million during the quarter, compared to the consensus estimate of $646.13 million. During the same quarter in the previous year, the business posted $1.63 earnings per share. Ryman Hospitality Properties’s quarterly revenue was up 10.7% compared to the same quarter last year. Sell-side analysts expect that Ryman Hospitality Properties, Inc. will post 9.31 earnings per share for the current year.

Ryman Hospitality Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Wednesday, September 30th. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 115.94%.

Analyst Ratings Changes

RHP has been the subject of several research reports. Citigroup increased their target price on Ryman Hospitality Properties from $125.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, September 9th. Jefferies Financial Group restated a “buy” rating and set a $145.00 price target on shares of Ryman Hospitality Properties in a research report on Wednesday, August 12th. Raymond James Financial upped their price target on Ryman Hospitality Properties from $125.00 to $130.00 and gave the stock an “outperform” rating in a research note on Monday, September 28th. Zacks Research upgraded Ryman Hospitality Properties from a “hold” rating to a “strong-buy” rating in a report on Monday, October 12th. Finally, Weiss Ratings upgraded Ryman Hospitality Properties from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $135.25.

Ryman Hospitality Properties Profile

Ryman Hospitality Properties, Inc is a real estate investment trust focused on upscale hotels and resorts designed for conventions and large group events. Its portfolio includes the Gaylord Hotels properties in Nashville, Tennessee; Orlando, Florida; Grapevine, Texas; National Harbor, Maryland; and Aurora, Colorado. These destination resorts combine lodging with extensive meeting and convention facilities, dining, and entertainment.

The company also owns and operates entertainment venues and related businesses through Opry Entertainment Group.