Copeland Capital Management LLC Sells 74,184 Shares of Ryman Hospitality Properties, Inc. $RHP

Key Points

• Copeland Capital Management reduced its Ryman Hospitality Properties stake by 30.2%, selling 74,184 shares during the third quarter and retaining 171,500 shares valued at approximately $20.5 million.
• Institutional investors and hedge funds own 94.48% of Ryman’s shares, while analysts remain broadly bullish: 13 analysts rate the stock a Buy, with an average price target of $132.42.
• Ryman reported quarterly earnings of $1.42 per share, beating estimates, and revenue rose 13.6% year over year to $748.98 million. The company also declared a quarterly dividend of $1.20 per share, representing a 3.8% yield.

Copeland Capital Management LLC decreased its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 30.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 171,500 shares of the real estate investment trust's stock after selling 74,184 shares during the period. Copeland Capital Management LLC owned about 0.27% of Ryman Hospitality Properties worth $20,500,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. GAMMA Investing LLC increased its holdings in shares of Ryman Hospitality Properties by 23.6% in the 3rd quarter. GAMMA Investing LLC now owns 3,062 shares of the real estate investment trust's stock valued at $366,000 after acquiring an additional 584 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in Ryman Hospitality Properties by 20.0% during the third quarter. Farther Finance Advisors LLC now owns 875 shares of the real estate investment trust's stock worth $105,000 after purchasing an additional 146 shares during the last quarter. Cim Investment Management Inc. bought a new position in Ryman Hospitality Properties during the second quarter worth $266,000. Sequoia Financial Advisors LLC bought a new position in Ryman Hospitality Properties during the second quarter worth $332,000. Finally, NewEdge Advisors LLC acquired a new position in Ryman Hospitality Properties in the second quarter worth $317,000. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

RHP has been the subject of a number of recent research reports. Jefferies Financial Group reaffirmed a "buy" rating and set a $145.00 price objective on shares of Ryman Hospitality Properties in a research report on Wednesday, August 12th. Weiss Ratings upgraded shares of Ryman Hospitality Properties from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, August 17th. Wells Fargo & Company raised their target price on shares of Ryman Hospitality Properties from $126.00 to $136.00 and gave the stock an "overweight" rating in a report on Thursday, July 23rd. Cantor Fitzgerald lifted their target price on Ryman Hospitality Properties from $124.00 to $135.00 and gave the company an "overweight" rating in a research note on Tuesday, August 11th. Finally, JPMorgan Chase & Co. upped their target price on Ryman Hospitality Properties from $113.00 to $129.00 and gave the company an "overweight" rating in a report on Tuesday, July 21st. Thirteen equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $132.42.

Ryman Hospitality Properties Stock Performance

Shares of RHP opened at $124.76 on Wednesday. Ryman Hospitality Properties, Inc. has a 1 year low of $83.82 and a 1 year high of $137.46. The company has a market cap of $7.87 billion, a price-to-earnings ratio of 13.46, a price-to-earnings-growth ratio of 1.87 and a beta of 1.22. The company has a debt-to-equity ratio of 5.02, a quick ratio of 1.34 and a current ratio of 1.34. The firm has a fifty day moving average of $123.48 and a 200-day moving average of $118.04.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last issued its quarterly earnings data on Friday, August 7th. The real estate investment trust reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.11. The firm had revenue of $748.98 million for the quarter, compared to the consensus estimate of $734.59 million. Ryman Hospitality Properties had a net margin of 9.91% and a return on equity of 34.54%. Ryman Hospitality Properties's quarterly revenue was up 13.6% compared to the same quarter last year. During the same period last year, the firm posted $2.35 EPS. As a group, equities analysts anticipate that Ryman Hospitality Properties, Inc. will post 9.23 earnings per share for the current year.

Ryman Hospitality Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be given a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 3.8%. The ex-dividend date is Wednesday, September 30th. Ryman Hospitality Properties's dividend payout ratio (DPR) is currently 117.36%.

Ryman Hospitality Properties Profile

Ryman Hospitality Properties, Inc NYSE: RHP is a real estate investment trust focused on owning and operating high-quality lodging and entertainment assets. The company's portfolio is centered on large-scale convention center resorts that serve group, business and leisure travelers, with properties designed to combine accommodations, meeting space, dining, retail and entertainment.

Ryman's flagship hospitality portfolio operates under the Gaylord Hotels brand and includes destination resorts in markets such as Nashville, Tennessee; Orlando, Florida; the Dallas-Fort Worth area; the Washington, DC, area; and the Denver area.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.