QS Investors LLC trimmed its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 2.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 60,410 shares of the real estate investment trust’s stock after selling 1,226 shares during the period. QS Investors LLC owned about 0.12% of Ryman Hospitality Properties worth $3,867,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Advisor Group Inc. increased its position in shares of Ryman Hospitality Properties by 59.0% during the second quarter. Advisor Group Inc. now owns 1,740 shares of the real estate investment trust’s stock worth $110,000 after acquiring an additional 646 shares in the last quarter. Teacher Retirement System of Texas raised its holdings in shares of Ryman Hospitality Properties by 2.4% during 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 acquiring an additional 89 shares during the period. Profund Advisors LLC raised its holdings in shares of Ryman Hospitality Properties by 5.2% during the second quarter. Profund Advisors LLC now owns 3,622 shares of the real estate investment trust’s stock worth $232,000 after acquiring an additional 178 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Ryman Hospitality Properties by 4.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,774 shares of the real estate investment trust’s stock worth $242,000 after acquiring an additional 164 shares during the period. Finally, Stoneridge Investment Partners LLC acquired a new stake in shares of Ryman Hospitality Properties during the second quarter worth $258,000. 86.87% of the stock is owned by hedge funds and other institutional investors.

In related news, CEO Colin V. Reed sold 10,000 shares of the stock in a transaction on Monday, July 17th. The stock was sold at an average price of $63.90, for a total value of $639,000.00. Following the transaction, the chief executive officer now directly owns 101,930 shares in the company, valued at approximately $6,513,327. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Colin V. Reed sold 30,000 shares of Ryman Hospitality Properties stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $63.44, for a total transaction of $1,903,200.00. Following the completion of the sale, the chief executive officer now directly owns 101,930 shares of the company’s stock, valued at approximately $6,466,439.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,000 shares of company stock valued at $3,173,900. Corporate insiders own 3.40% of the company’s stock.

Ryman Hospitality Properties, Inc. (NYSE RHP) opened at 62.34 on Wednesday. The stock’s 50 day moving average is $60.20 and its 200 day moving average is $62.35. The company has a market capitalization of $3.16 billion, a PE ratio of 19.73 and a beta of 1.17. Ryman Hospitality Properties, Inc. has a 52 week low of $47.38 and a 52 week high of $67.97.

Ryman Hospitality Properties (NYSE:RHP) last announced its quarterly earnings results on Tuesday, August 8th. The real estate investment trust reported $1.55 earnings per share (EPS) for the quarter, topping the 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 business had revenue of $298.80 million for the quarter, compared to analyst estimates of $296.01 million. During the same quarter in the prior year, the company earned $1.59 earnings per share. The company’s quarterly revenue was up .9% on a year-over-year basis. Analysts predict that Ryman Hospitality Properties, Inc. will post $3.02 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be issued a dividend of $0.80 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $3.20 annualized dividend and a dividend yield of 5.13%. Ryman Hospitality Properties’s dividend payout ratio is 101.59%.

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

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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.

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

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