Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Sold by Cim Investment Management Inc.

Cim Investment Management Inc. lessened its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 19.2% during the 2nd quarter, Holdings Channel reports. The firm owned 2,042 shares of the real estate investment trust’s stock after selling 485 shares during the quarter. Cim Investment Management Inc.’s holdings in Ryman Hospitality Properties were worth $204,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in shares of Ryman Hospitality Properties by 2.7% during the first quarter. Vanguard Group Inc. now owns 8,470,274 shares of the real estate investment trust’s stock worth $979,248,000 after buying an additional 226,547 shares during the period. Principal Financial Group Inc. lifted its position in Ryman Hospitality Properties by 194.0% during the 2nd quarter. Principal Financial Group Inc. now owns 2,222,077 shares of the real estate investment trust’s stock worth $221,896,000 after acquiring an additional 1,466,220 shares during the period. American Century Companies Inc. lifted its position in Ryman Hospitality Properties by 0.8% during the 2nd quarter. American Century Companies Inc. now owns 1,586,256 shares of the real estate investment trust’s stock worth $158,404,000 after acquiring an additional 12,058 shares during the period. Massachusetts Financial Services Co. MA grew its stake in Ryman Hospitality Properties by 264.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,199,392 shares of the real estate investment trust’s stock valued at $119,771,000 after purchasing an additional 870,081 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Ryman Hospitality Properties by 1.0% in the second quarter. Dimensional Fund Advisors LP now owns 820,639 shares of the real estate investment trust’s stock valued at $81,947,000 after purchasing an additional 8,469 shares during the period. Institutional investors and hedge funds own 94.48% of the company’s stock.

Ryman Hospitality Properties Trading Up 0.4 %

Ryman Hospitality Properties stock opened at $109.37 on Friday. 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 $6.55 billion, a PE ratio of 22.64, a P/E/G ratio of 2.34 and a beta of 1.66. The stock’s 50 day simple moving average is $102.15 and its two-hundred day simple moving average is $104.85. Ryman Hospitality Properties, Inc. has a 12 month low of $80.67 and a 12 month high of $122.91.

Ryman Hospitality Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $1.10 per share. The ex-dividend date is Monday, September 30th. This represents a $4.40 annualized dividend and a yield of 4.02%. Ryman Hospitality Properties’s dividend payout ratio is presently 91.10%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Friday, August 9th. JPMorgan Chase & Co. lifted their price objective on shares of Ryman Hospitality Properties from $104.00 to $105.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Finally, Wells Fargo & Company cut their price objective on shares of Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating on the stock in a research note on Friday, September 13th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Ryman Hospitality Properties presently has an average rating of “Moderate Buy” and a consensus target price of $119.17.

Insider Activity at Ryman Hospitality Properties

In other news, Chairman Colin V. Reed bought 8,077 shares of the stock in a transaction dated Tuesday, August 6th. The shares were acquired at an average cost of $97.78 per share, with a total value of $789,769.06. Following the purchase, the chairman now directly owns 827,220 shares in the company, valued at approximately $80,885,571.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Ryman Hospitality Properties news, Director Alvin L. Bowles, Jr. sold 900 shares of the business’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 sale, the director now directly owns 3,148 shares in the company, valued at approximately $337,843.36. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman Colin V. Reed bought 8,077 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was purchased at an average price of $97.78 per share, for a total transaction of $789,769.06. Following the transaction, the chairman now owns 827,220 shares of the company’s stock, valued at $80,885,571.60. The disclosure for this purchase can be found here. 3.00% of the stock is owned by company insiders.

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.