Copeland Capital Management LLC Sells 14,157 Shares of Ryman Hospitality Properties, Inc. $RHP

Copeland Capital Management LLC decreased its position in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 4.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 284,476 shares of the real estate investment trust’s stock after selling 14,157 shares during the quarter. Copeland Capital Management LLC owned approximately 0.45% of Ryman Hospitality Properties worth $25,486,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. First Community Trust NA raised its stake in Ryman Hospitality Properties by 20.0% during the 2nd quarter. First Community Trust NA now owns 600 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 100 shares during the last quarter. Yousif Capital Management LLC raised its position in shares of Ryman Hospitality Properties by 0.8% during the second quarter. Yousif Capital Management LLC now owns 16,310 shares of the real estate investment trust’s stock valued at $1,609,000 after buying an additional 132 shares during the last quarter. Golden State Equity Partners grew its position in Ryman Hospitality Properties by 4.4% during the second quarter. Golden State Equity Partners now owns 3,371 shares of the real estate investment trust’s stock worth $333,000 after buying an additional 142 shares in the last quarter. Texas Yale Capital Corp. increased its stake in Ryman Hospitality Properties by 2.2% during the second quarter. Texas Yale Capital Corp. now owns 6,950 shares of the real estate investment trust’s stock valued at $686,000 after acquiring an additional 150 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in Ryman Hospitality Properties by 2.7% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 6,122 shares of the real estate investment trust’s stock valued at $631,000 after acquiring an additional 159 shares in the last quarter. 94.48% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

RHP has been the topic of a number of research reports. Weiss Ratings restated a “hold (c)” rating on shares of Ryman Hospitality Properties in a research report on Friday, October 31st. Morgan Stanley assumed coverage on shares of Ryman Hospitality Properties in a report on Wednesday, October 22nd. They issued an “equal weight” rating and a $92.00 price target on the stock. Evercore ISI reduced their price objective on shares of Ryman Hospitality Properties from $120.00 to $110.00 and set an “outperform” rating for the company in a report on Thursday, October 30th. Wells Fargo & Company decreased their target price on shares of Ryman Hospitality Properties from $114.00 to $109.00 and set an “overweight” rating on the stock in a research report on Monday, December 1st. Finally, Wall Street Zen raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $108.56.

Insider Buying and Selling

In other news, Chairman Colin V. Reed bought 8,993 shares of the stock in a transaction dated Friday, November 7th. The stock was bought at an average cost of $92.16 per share, with a total value of $828,794.88. Following the purchase, the chairman owned 888,010 shares of the company’s stock, valued at approximately $81,839,001.60. This represents a 1.02% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 5.00% of the company’s stock.

Ryman Hospitality Properties Stock Down 0.6%

RHP opened at $96.92 on Tuesday. The firm has a market cap of $6.11 billion, a price-to-earnings ratio of 25.64, a PEG ratio of 2.38 and a beta of 1.22. The company has a debt-to-equity ratio of 4.98, a quick ratio of 1.49 and a current ratio of 1.49. The firm’s 50-day simple moving average is $93.34 and its 200-day simple moving average is $95.50. Ryman Hospitality Properties, Inc. has a twelve month low of $76.27 and a twelve month high of $108.42.

Ryman Hospitality Properties (NYSE:RHP) last issued its quarterly earnings data on Tuesday, November 4th. The real estate investment trust reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.04. Ryman Hospitality Properties had a net margin of 9.58% and a return on equity of 34.50%. The firm had revenue of $592.46 million for the quarter, compared to analysts’ expectations of $573.40 million. During the same period in the prior year, the firm earned $1.93 earnings per share. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. Equities research analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current fiscal year.

Ryman Hospitality Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be issued a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $4.80 annualized dividend and a yield of 5.0%. This is a positive change from Ryman Hospitality Properties’s previous quarterly dividend of $1.15. Ryman Hospitality Properties’s dividend payout ratio (DPR) is currently 126.98%.

About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc is a publicly traded real estate investment trust (REIT) specializing in the ownership and operation of group‐oriented, large convention center hotel resorts. The company’s portfolio is anchored by its Gaylord Hotels brand, offering integrated resort, convention, entertainment and dining experiences under long‐term management agreements with Marriott International.

Ryman’s flagship properties include Gaylord Opryland Resort & Convention Center in Nashville, Gaylord Texan Resort & Convention Center near Dallas/Fort Worth and Gaylord Palms Resort & Convention Center in Orlando, Florida.