Waratah Capital Advisors Ltd. Lowers Stake in Ryman Hospitality Properties, Inc. $RHP

Waratah Capital Advisors Ltd. trimmed its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 42.9% during the second quarter, Holdings Channel reports. The firm owned 9,017 shares of the real estate investment trust’s stock after selling 6,785 shares during the quarter. Waratah Capital Advisors Ltd.’s holdings in Ryman Hospitality Properties were worth $890,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Ryman Hospitality Properties by 7.3% during the first quarter. Vanguard Group Inc. now owns 8,899,258 shares of the real estate investment trust’s stock worth $813,748,000 after purchasing an additional 603,936 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Ryman Hospitality Properties by 0.6% in the second quarter. Geode Capital Management LLC now owns 1,502,288 shares of the real estate investment trust’s stock valued at $148,248,000 after purchasing an additional 9,629 shares during the period. Charles Schwab Investment Management Inc. raised its position in Ryman Hospitality Properties by 1.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 991,048 shares of the real estate investment trust’s stock worth $90,621,000 after buying an additional 11,872 shares during the last quarter. Cooke & Bieler LP lifted its position in Ryman Hospitality Properties by 1.2% in the second quarter. Cooke & Bieler LP now owns 913,608 shares of the real estate investment trust’s stock valued at $90,146,000 after purchasing an additional 10,734 shares during the period. Finally, Hamlin Capital Management LLC raised its position in Ryman Hospitality Properties by 0.7% during the second quarter. Hamlin Capital Management LLC now owns 894,486 shares of the real estate investment trust’s stock worth $88,259,000 after acquiring an additional 6,530 shares during the last quarter. 94.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

RHP has been the topic of a number of recent research reports. Wall Street Zen raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Cantor Fitzgerald began coverage on shares of Ryman Hospitality Properties in a research report on Wednesday, October 1st. They issued an “overweight” rating and a $108.00 price objective for the company. Weiss Ratings restated a “hold (c)” rating on shares of Ryman Hospitality Properties in a report on Friday, October 31st. Bank of America upped their price target on shares of Ryman Hospitality Properties from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, July 21st. Finally, Wells Fargo & Company raised Ryman Hospitality Properties to a “strong-buy” rating in a research report on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $111.40.

Ryman Hospitality Properties Price Performance

Shares of NYSE RHP opened at $94.56 on Friday. The business’s fifty day moving average price is $92.03 and its two-hundred day moving average price is $95.78. The company has a debt-to-equity ratio of 4.72, a current ratio of 1.63 and a quick ratio of 1.63. The firm has a market capitalization of $5.96 billion, a PE ratio of 22.57, a P/E/G ratio of 1.60 and a beta of 1.60. Ryman Hospitality Properties, Inc. has a 1-year low of $76.27 and a 1-year high of $121.77.

Ryman Hospitality Properties (NYSE:RHP) last issued its quarterly earnings results on Tuesday, November 4th. The real estate investment trust reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.04. The company had revenue of $592.46 million for the quarter, compared to analysts’ expectations of $573.40 million. Ryman Hospitality Properties had a return on equity of 41.65% and a net margin of 10.74%.The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period last year, the firm earned $1.93 EPS. On average, research analysts expect that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.

Ryman Hospitality Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were given a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 4.9%. The ex-dividend date was Tuesday, September 30th. Ryman Hospitality Properties’s dividend payout ratio is 121.69%.

Insider Buying and Selling

In other news, Chairman Colin V. Reed acquired 8,993 shares of the stock in a transaction on Friday, November 7th. The shares were purchased at an average cost of $92.16 per share, for a total transaction of $828,794.88. Following the transaction, the chairman owned 888,010 shares in the company, valued at approximately $81,839,001.60. This trade represents a 1.02% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 5.00% of the company’s stock.

Ryman Hospitality Properties Profile

Ryman Hospitality Properties, Inc (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and entertainment experiences. The Company's holdings include Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; Gaylord National Resort & Convention Center; and Gaylord Rockies Resort & Convention Center, five of the top seven largest non-gaming convention center hotels in the United States based on total indoor meeting space.