Deroy & Devereaux Private Investment Counsel Inc. Purchases 7,401 Shares of Ryman Hospitality Properties, Inc. $RHP

Deroy & Devereaux Private Investment Counsel Inc. boosted its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 3.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 229,021 shares of the real estate investment trust’s stock after buying an additional 7,401 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. owned approximately 0.36% of Ryman Hospitality Properties worth $20,518,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in RHP. Geneos Wealth Management Inc. increased its stake in Ryman Hospitality Properties by 240.2% in the first quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 209 shares during the last quarter. AlphaQuest LLC lifted its stake in Ryman Hospitality Properties by 492.9% during the second quarter. AlphaQuest LLC now owns 332 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 276 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Ryman Hospitality Properties by 140.3% in the 2nd quarter. Smartleaf Asset Management LLC now owns 483 shares of the real estate investment trust’s stock valued at $49,000 after purchasing an additional 282 shares in the last quarter. Salomon & Ludwin LLC bought a new position in shares of Ryman Hospitality Properties in the 3rd quarter valued at $50,000. Finally, Fifth Third Bancorp raised its holdings in shares of Ryman Hospitality Properties by 31.3% during the 2nd quarter. Fifth Third Bancorp now owns 756 shares of the real estate investment trust’s stock worth $75,000 after buying an additional 180 shares in the last quarter. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

RHP has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ryman Hospitality Properties in a research note on Friday, October 31st. Wall Street Zen raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Barclays set a $109.00 price target on shares of Ryman Hospitality Properties in a report on Tuesday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $131.00 price objective on shares of Ryman Hospitality Properties in a research note on Tuesday. Finally, Wells Fargo & Company cut 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. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Ryman Hospitality Properties currently has an average rating of “Moderate Buy” and a consensus target price of $110.64.

Ryman Hospitality Properties Stock Up 1.2%

NYSE:RHP opened at $94.67 on Friday. Ryman Hospitality Properties, Inc. has a one year low of $76.27 and a one year high of $108.42. The company has a debt-to-equity ratio of 4.98, a current ratio of 1.49 and a quick ratio of 1.49. The company has a market cap of $5.96 billion, a PE ratio of 25.05, a P/E/G ratio of 2.36 and a beta of 1.22. The firm’s 50 day simple moving average is $94.90 and its 200 day simple moving average is $95.16.

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

Ryman Hospitality Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were given a $1.20 dividend. This is a boost from Ryman Hospitality Properties’s previous quarterly dividend of $1.15. The ex-dividend date was Wednesday, December 31st. This represents a $4.80 dividend on an annualized basis and a dividend yield of 5.1%. Ryman Hospitality Properties’s dividend payout ratio is presently 126.98%.

Insider Buying and Selling at Ryman Hospitality Properties

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

Ryman Hospitality Properties Profile

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.