Wells Fargo & Company MN grew its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 6.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 341,680 shares of the real estate investment trust’s stock after purchasing an additional 20,248 shares during the quarter. Wells Fargo & Company MN owned approximately 0.67% of Ryman Hospitality Properties worth $21,351,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of RHP. AJO LP raised its stake in shares of Ryman Hospitality Properties by 502.4% in the 2nd quarter. AJO LP now owns 729,581 shares of the real estate investment trust’s stock valued at $46,700,000 after purchasing an additional 608,468 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Ryman Hospitality Properties by 2.7% in the 2nd quarter. Vanguard Group Inc. now owns 8,241,851 shares of the real estate investment trust’s stock valued at $527,561,000 after purchasing an additional 219,560 shares in the last quarter. Numeric Investors LLC raised its stake in shares of Ryman Hospitality Properties by 179.0% in the 2nd quarter. Numeric Investors LLC now owns 337,563 shares of the real estate investment trust’s stock valued at $21,607,000 after purchasing an additional 216,563 shares in the last quarter. Balyasny Asset Management LLC acquired a new stake in shares of Ryman Hospitality Properties in the 2nd quarter valued at about $9,215,000. Finally, BlackRock Inc. raised its stake in shares of Ryman Hospitality Properties by 3.2% in the 2nd quarter. BlackRock Inc. now owns 4,461,006 shares of the real estate investment trust’s stock valued at $285,547,000 after purchasing an additional 139,518 shares in the last quarter. Institutional investors and hedge funds own 87.30% of the company’s stock.

In other Ryman Hospitality Properties news, SVP Scott J. Lynn sold 3,250 shares of the company’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $68.41, for a total value of $222,332.50. Following the completion of the transaction, the senior vice president now owns 4,147 shares in the company, valued at approximately $283,696.27. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Colin V. Reed bought 20,000 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was purchased at an average price of $65.98 per share, with a total value of $1,319,600.00. The disclosure for this purchase can be found here. 3.40% of the stock is owned by corporate insiders.

Shares of Ryman Hospitality Properties, Inc. (RHP) opened at $69.11 on Monday. The company has a debt-to-equity ratio of 4.46, a quick ratio of 0.87 and a current ratio of 0.87. Ryman Hospitality Properties, Inc. has a 1 year low of $57.78 and a 1 year high of $70.77. The firm has a market cap of $3,538.16, a PE ratio of 12.94, a P/E/G ratio of 2.59 and a beta of 1.16.

Ryman Hospitality Properties (NYSE:RHP) last announced its quarterly earnings data on Tuesday, November 7th. The real estate investment trust reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.38. Ryman Hospitality Properties had a net margin of 13.10% and a return on equity of 43.45%. The business had revenue of $264.70 million during the quarter, compared to the consensus estimate of $268.97 million. During the same quarter in the prior year, the firm earned $1.28 EPS. The company’s revenue for the quarter was down 2.6% compared to the same quarter last year. research analysts expect that Ryman Hospitality Properties, Inc. will post 5.47 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date of this dividend is Thursday, December 28th. Ryman Hospitality Properties’s dividend payout ratio is presently 108.47%.

A number of equities research analysts have recently issued reports on RHP shares. Zacks Investment Research upgraded shares of Ryman Hospitality Properties from a “hold” rating to a “buy” rating and set a $73.00 target price on the stock in a research note on Tuesday, October 17th. SunTrust Banks restated a “hold” rating and issued a $60.00 target price on shares of Ryman Hospitality Properties in a research note on Friday, November 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $65.75.

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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.

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

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