First Trust Advisors LP lowered its position in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 17.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 110,606 shares of the real estate investment trust’s stock after selling 23,174 shares during the period. First Trust Advisors LP owned approximately 0.22% of Ryman Hospitality Properties worth $7,080,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its position in Ryman Hospitality Properties by 0.7% in the first quarter. Principal Financial Group Inc. now owns 6,170 shares of the real estate investment trust’s stock worth $381,000 after buying an additional 44 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of Ryman Hospitality Properties by 0.8% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 7,778 shares of the real estate investment trust’s stock worth $481,000 after buying an additional 62 shares during the period. Teacher Retirement System of Texas boosted its position in shares of Ryman Hospitality Properties by 2.4% in the first quarter. Teacher Retirement System of Texas now owns 3,731 shares of the real estate investment trust’s stock worth $231,000 after buying an additional 89 shares during the period. Anchor Capital Advisors LLC boosted its position in shares of Ryman Hospitality Properties by 1.9% in the second quarter. Anchor Capital Advisors LLC now owns 5,410 shares of the real estate investment trust’s stock worth $346,000 after buying an additional 100 shares during the period. Finally, AMG Funds LLC boosted its position in shares of Ryman Hospitality Properties by 1.0% in the first quarter. AMG Funds LLC now owns 31,814 shares of the real estate investment trust’s stock worth $1,967,000 after buying an additional 312 shares during the period. Institutional investors and hedge funds own 86.96% of the company’s stock.

Ryman Hospitality Properties, Inc. (NYSE RHP) opened at 58.62 on Tuesday. The stock has a market capitalization of $2.97 billion, a PE ratio of 18.55 and a beta of 1.15. Ryman Hospitality Properties, Inc. has a one year low of $47.31 and a one year high of $67.97. The company’s 50-day moving average price is $61.26 and its 200-day moving average price is $63.02.

Ryman Hospitality Properties (NYSE:RHP) last posted its earnings results on Tuesday, August 8th. The real estate investment trust reported $1.55 earnings per share for the quarter, beating 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 company had revenue of $298.80 million for the quarter, compared to analyst estimates of $296.01 million. During the same period last year, the company earned $1.59 earnings per share. The business’s revenue was up .9% compared to the same quarter last year. Equities research analysts predict that Ryman Hospitality Properties, Inc. will post $3.02 EPS for the current year.

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A number of equities analysts recently commented on the company. UBS AG cut Ryman Hospitality Properties from an “outperform” rating to a “market perform” rating in a report on Friday, July 14th. Zacks Investment Research upgraded Ryman Hospitality Properties from a “sell” rating to a “buy” rating and set a $71.00 target price for the company in a report on Thursday, May 4th. BidaskClub cut Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Finally, Raymond James Financial, Inc. restated a “market perform” rating on shares of Ryman Hospitality Properties in a report on Friday, July 14th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $64.40.

In other Ryman Hospitality Properties news, EVP Bennett D. Westbrook sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $66.86, for a total transaction of $668,600.00. Following the transaction, the executive vice president now directly owns 18,744 shares in the company, valued at $1,253,223.84. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Colin V. Reed sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, July 19th. The shares were 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. Over the last 90 days, insiders have sold 63,644 shares of company stock worth $4,085,008. Corporate insiders own 3.40% of the company’s stock.

About Ryman Hospitality Properties

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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