Ryman Hospitality Properties, Inc. (NYSE:RHP) Stock Holdings Lifted by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lifted its position in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 1.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 41,488 shares of the real estate investment trust’s stock after acquiring an additional 500 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.07% of Ryman Hospitality Properties worth $4,143,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Employees Retirement System of Texas lifted its holdings in shares of Ryman Hospitality Properties by 116.9% in the second quarter. Employees Retirement System of Texas now owns 20,412 shares of the real estate investment trust’s stock valued at $2,038,000 after purchasing an additional 11,000 shares in the last quarter. Armistice Capital LLC lifted its stake in Ryman Hospitality Properties by 142.7% in the 2nd quarter. Armistice Capital LLC now owns 60,063 shares of the real estate investment trust’s stock worth $5,998,000 after acquiring an additional 35,319 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its position in Ryman Hospitality Properties by 58.7% during the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,514 shares of the real estate investment trust’s stock worth $151,000 after acquiring an additional 560 shares during the period. Aristeia Capital L.L.C. purchased a new position in Ryman Hospitality Properties during the 2nd quarter valued at about $421,000. Finally, Land & Buildings Investment Management LLC increased its holdings in shares of Ryman Hospitality Properties by 26.4% in the 2nd quarter. Land & Buildings Investment Management LLC now owns 197,186 shares of the real estate investment trust’s stock valued at $19,691,000 after purchasing an additional 41,160 shares during the period. Institutional investors and hedge funds own 94.48% of the company’s stock.

Insiders Place Their Bets

In other news, Director Alvin L. Bowles, Jr. sold 900 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $107.32, for a total transaction of $96,588.00. Following the completion of the transaction, the director now directly owns 3,148 shares in the company, valued at $337,843.36. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Ryman Hospitality Properties news, Chairman Colin V. Reed purchased 8,077 shares of the firm’s stock in a transaction on Tuesday, August 6th. The shares were purchased at an average price of $97.78 per share, for a total transaction of $789,769.06. Following the completion of the purchase, the chairman now directly owns 827,220 shares of the company’s stock, valued at approximately $80,885,571.60. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alvin L. Bowles, Jr. sold 900 shares of Ryman Hospitality Properties stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $107.32, for a total transaction of $96,588.00. Following the sale, the director now owns 3,148 shares in the company, valued at approximately $337,843.36. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.00% of the company’s stock.

Ryman Hospitality Properties Stock Down 0.8 %

RHP stock opened at $111.67 on Tuesday. Ryman Hospitality Properties, Inc. has a 1 year low of $81.90 and a 1 year high of $122.91. The company has a fifty day simple moving average of $103.22 and a 200 day simple moving average of $104.32. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 5.96. The firm has a market cap of $6.69 billion, a PE ratio of 23.12, a PEG ratio of 2.34 and a beta of 1.66.

Ryman Hospitality Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.94%. The ex-dividend date is Monday, September 30th. Ryman Hospitality Properties’s dividend payout ratio is 91.10%.

Analyst Upgrades and Downgrades

Several analysts recently commented on RHP shares. Wells Fargo & Company decreased their price target on shares of Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating for the company in a report on Friday, September 13th. JPMorgan Chase & Co. boosted their price target on shares of Ryman Hospitality Properties from $104.00 to $105.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Finally, StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Friday, August 9th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $124.20.

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.