Bamco Inc. NY Lowers Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Bamco Inc. NY reduced its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 26.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 31,297 shares of the real estate investment trust's stock after selling 11,176 shares during the period. Bamco Inc. NY owned 0.05% of Ryman Hospitality Properties worth $3,266,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Heck Capital Advisors LLC bought a new stake in shares of Ryman Hospitality Properties in the fourth quarter valued at $31,000. Harvest Fund Management Co. Ltd bought a new position in shares of Ryman Hospitality Properties during the fourth quarter valued at about $72,000. Venturi Wealth Management LLC bought a new position in Ryman Hospitality Properties during the 4th quarter worth approximately $83,000. Covestor Ltd lifted its position in Ryman Hospitality Properties by 33.3% in the fourth quarter. Covestor Ltd now owns 829 shares of the real estate investment trust's stock valued at $87,000 after purchasing an additional 207 shares during the last quarter. Finally, Blue Trust Inc. increased its position in shares of Ryman Hospitality Properties by 23.4% in the fourth quarter. Blue Trust Inc. now owns 845 shares of the real estate investment trust's stock valued at $91,000 after acquiring an additional 160 shares during the period. Institutional investors and hedge funds own 94.48% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on RHP shares. Wedbush set a $110.00 price objective on Ryman Hospitality Properties and gave the company an "outperform" rating in a research report on Tuesday. Jefferies Financial Group lowered their price target on Ryman Hospitality Properties from $118.00 to $100.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Evercore ISI dropped their price objective on shares of Ryman Hospitality Properties from $130.00 to $120.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. Wells Fargo & Company decreased their price objective on Ryman Hospitality Properties from $130.00 to $122.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 18th. Finally, StockNews.com upgraded shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research report on Saturday, March 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $116.00.

Ryman Hospitality Properties Stock Up 0.4 %

NYSE:RHP traded up $0.36 during mid-day trading on Friday, hitting $97.21. The company had a trading volume of 534,372 shares, compared to its average volume of 618,702. The firm has a market capitalization of $5.83 billion, a price-to-earnings ratio of 22.14, a PEG ratio of 2.71 and a beta of 1.55. The business has a fifty day simple moving average of $90.68 and a 200-day simple moving average of $101.60. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 6.07. 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 - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $2.08 earnings per share for the quarter, beating analysts' consensus estimates of $1.79 by $0.29. The business had revenue of $587.28 million for the quarter, compared to the consensus estimate of $546.52 million. Ryman Hospitality Properties had a return on equity of 49.23% and a net margin of 11.61%. Ryman Hospitality Properties's revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.60 earnings per share. Equities analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 4.73%. Ryman Hospitality Properties's dividend payout ratio is presently 97.46%.

Insider Activity at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Director Alvin L. Bowles, Jr. sold 473 shares of the company's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $97.03, for a total value of $45,895.19. Following the sale, the director now owns 2,675 shares in the company, valued at approximately $259,555.25. The trade was a 15.03 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Colin V. Reed acquired 8,231 shares of the stock in a transaction on Wednesday, February 26th. The shares were acquired at an average price of $97.54 per share, for a total transaction of $802,851.74. Following the acquisition, the chairman now owns 832,260 shares of the company's stock, valued at approximately $81,178,640.40. The trade was a 1.00 % increase in their position. The disclosure for this purchase can be found here. 5.00% of the stock is currently owned by corporate insiders.

Ryman Hospitality Properties Company 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.