Gabelli Funds LLC lifted its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 0.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,313,400 shares of the real estate investment trust’s stock after purchasing an additional 10,500 shares during the quarter. Gabelli Funds LLC owned 2.59% of Ryman Hospitality Properties worth $82,074,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also bought and sold shares of RHP. Cable Hill Partners LLC bought a new stake in Ryman Hospitality Properties during the third quarter valued at about $109,000. Advisor Group Inc. boosted its stake in shares of Ryman Hospitality Properties by 59.0% in the second quarter. Advisor Group Inc. now owns 1,740 shares of the real estate investment trust’s stock worth $110,000 after acquiring an additional 646 shares during the period. ARP Americas LLC bought a new position in shares of Ryman Hospitality Properties in the third quarter worth about $231,000. Profund Advisors LLC boosted its stake in shares of Ryman Hospitality Properties by 5.2% in the second quarter. Profund Advisors LLC now owns 3,622 shares of the real estate investment trust’s stock worth $232,000 after acquiring an additional 178 shares during the period. Finally, IHT Wealth Management LLC bought a new position in shares of Ryman Hospitality Properties in the second quarter worth about $239,000. Hedge funds and other institutional investors own 86.76% of the company’s stock.
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In other Ryman Hospitality Properties news, CEO Colin V. Reed sold 19,280 shares of the stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $63.30, for a total transaction of $1,220,424.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 3.40% of the stock is currently owned by company insiders.
Ryman Hospitality Properties, Inc. (NYSE RHP) opened at $69.41 on Wednesday. Ryman Hospitality Properties, Inc. has a 52 week low of $55.38 and a 52 week high of $69.49. The stock has a market capitalization of $3,490.00, a P/E ratio of 12.61, a P/E/G ratio of 2.52 and a beta of 1.16. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 4.46.
Ryman Hospitality Properties (NYSE:RHP) last announced its quarterly earnings data on Tuesday, November 7th. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.38. The company had revenue of $264.70 million for the quarter, compared to analysts’ expectations of $268.97 million. Ryman Hospitality Properties had a return on equity of 43.45% and a net margin of 13.10%. Ryman Hospitality Properties’s revenue was down 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.28 earnings per share. analysts expect that Ryman Hospitality Properties, Inc. will post 5.47 EPS for the current year.
A number of equities analysts have recently weighed in on the company. Zacks Investment Research lowered Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. BidaskClub downgraded Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $60.00 target price on shares of Ryman Hospitality Properties in a research report on Friday, November 10th. Finally, Deutsche Bank AG restated a “buy” rating and set a $70.00 price objective (down from $71.00) on shares of Ryman Hospitality Properties in a research report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. Ryman Hospitality Properties currently has a consensus rating of “Hold” and an average target price of $65.60.
Ryman Hospitality Properties Profile
Ryman Hospitality Properties, Inc owns and operates hotels in the United States. Its Hospitality segment operates a network of meetings-focused resorts, including the Gaylord Opryland Resort and Convention Center in Nashville, Tennessee; the Gaylord Opryland Resort and Convention Center in Kissimmee, Florida; the Gaylord Texan Resort and Convention Center in Grapevine, Texas; and the Gaylord National Resort and Convention Center in Prince Georges County, Maryland.
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