Edgestream Partners L.P. Takes Position in Ryman Hospitality Properties, Inc. $RHP

Edgestream Partners L.P. bought a new stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 61,942 shares of the real estate investment trust’s stock, valued at approximately $6,112,000. Edgestream Partners L.P. owned about 0.10% of Ryman Hospitality Properties as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Lido Advisors LLC bought a new position in Ryman Hospitality Properties during the second quarter valued at $394,000. New York State Common Retirement Fund boosted its stake in shares of Ryman Hospitality Properties by 12.3% during the 2nd quarter. New York State Common Retirement Fund now owns 126,574 shares of the real estate investment trust’s stock worth $12,489,000 after purchasing an additional 13,817 shares during the period. Norges Bank bought a new position in Ryman Hospitality Properties during the 2nd quarter valued at about $56,123,000. Choreo LLC raised its position in Ryman Hospitality Properties by 3.7% in the 2nd quarter. Choreo LLC now owns 7,279 shares of the real estate investment trust’s stock worth $727,000 after purchasing an additional 258 shares during the period. Finally, Prudential Financial Inc. lifted its stake in Ryman Hospitality Properties by 6.7% in the second quarter. Prudential Financial Inc. now owns 368,867 shares of the real estate investment trust’s stock worth $36,396,000 after purchasing an additional 23,080 shares during the last quarter. 94.48% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on RHP shares. Wells Fargo & Company reduced their price target on Ryman Hospitality Properties from $114.00 to $109.00 and set an “overweight” rating on the stock in a report on Monday. Evercore ISI reduced their target price on Ryman Hospitality Properties from $120.00 to $110.00 and set an “outperform” rating on the stock in a research note on Thursday, October 30th. Cantor Fitzgerald assumed coverage on Ryman Hospitality Properties in a research report on Wednesday, October 1st. They set an “overweight” rating and a $108.00 target price for the company. Wall Street Zen upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Finally, Morgan Stanley started coverage on shares of Ryman Hospitality Properties in a research note on Wednesday, October 22nd. They issued an “equal weight” rating and a $92.00 price target on the stock. Nine research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $110.90.

Ryman Hospitality Properties Stock Performance

Shares of Ryman Hospitality Properties stock opened at $94.11 on Wednesday. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 4.72. The stock’s fifty day moving average price is $90.99 and its 200-day moving average price is $95.61. The firm has a market cap of $5.93 billion, a P/E ratio of 22.46, a P/E/G ratio of 1.60 and a beta of 1.22. Ryman Hospitality Properties, Inc. has a 12 month low of $76.27 and a 12 month high of $121.77.

Ryman Hospitality Properties (NYSE:RHP) last released its quarterly earnings data on Tuesday, November 4th. The real estate investment trust reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.04. The company had revenue of $592.46 million during the quarter, compared to analyst estimates of $573.40 million. Ryman Hospitality Properties had a net margin of 10.74% and a return on equity of 41.65%. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.93 earnings per share. On average, equities research analysts expect 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 disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend was Tuesday, September 30th. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 121.69%.

Insider Buying and Selling

In related news, Chairman Colin V. Reed bought 8,993 shares of the stock in a transaction on Friday, November 7th. The stock was bought at an average price of $92.16 per share, for a total transaction of $828,794.88. Following the completion of the acquisition, the chairman directly owned 888,010 shares in the company, valued at approximately $81,839,001.60. This represents a 1.02% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 5.00% of the stock is owned by company 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.