Creative Planning Sells 166 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Creative Planning trimmed its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 3.2% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 5,027 shares of the real estate investment trust’s stock after selling 166 shares during the quarter. Creative Planning’s holdings in Ryman Hospitality Properties were worth $502,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quantbot Technologies LP boosted its position in Ryman Hospitality Properties by 71.0% in the first quarter. Quantbot Technologies LP now owns 27,410 shares of the real estate investment trust’s stock worth $3,169,000 after purchasing an additional 11,384 shares during the last quarter. Quadrature Capital Ltd increased its stake in Ryman Hospitality Properties by 94.3% in the 1st quarter. Quadrature Capital Ltd now owns 20,639 shares of the real estate investment trust’s stock worth $2,389,000 after acquiring an additional 10,015 shares during the last quarter. Nordea Investment Management AB increased its stake in Ryman Hospitality Properties by 13.0% in the 1st quarter. Nordea Investment Management AB now owns 79,598 shares of the real estate investment trust’s stock worth $9,249,000 after acquiring an additional 9,174 shares during the last quarter. SageView Advisory Group LLC increased its stake in Ryman Hospitality Properties by 203.2% in the 1st quarter. SageView Advisory Group LLC now owns 11,523 shares of the real estate investment trust’s stock worth $1,332,000 after acquiring an additional 7,723 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its stake in Ryman Hospitality Properties by 378.7% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 21,329 shares of the real estate investment trust’s stock worth $2,130,000 after acquiring an additional 16,873 shares during the last quarter. 94.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RHP has been the topic of several analyst reports. JPMorgan Chase & Co. boosted their target price on Ryman Hospitality Properties from $104.00 to $105.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Wells Fargo & Company dropped their price objective on Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating for the company in a report on Friday, September 13th. Finally, StockNews.com upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Ryman Hospitality Properties currently has a consensus rating of “Moderate Buy” and a consensus price target of $124.20.

Insider Activity

In related news, Director Alvin L. Bowles, Jr. sold 900 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $107.32, for a total value of $96,588.00. Following the completion of the sale, the director now owns 3,148 shares of the company’s stock, valued at approximately $337,843.36. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Chairman Colin V. Reed acquired 8,077 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was acquired at an average cost of $97.78 per share, with a total value of $789,769.06. Following the completion of the purchase, the chairman now owns 827,220 shares of the company’s stock, valued at $80,885,571.60. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Alvin L. Bowles, Jr. sold 900 shares of Ryman Hospitality Properties stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $107.32, for a total value of $96,588.00. Following the completion of the sale, the director now directly owns 3,148 shares of the company’s stock, valued at $337,843.36. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.00% of the company’s stock.

Ryman Hospitality Properties Stock Performance

Shares of RHP stock opened at $111.41 on Tuesday. The company has a market capitalization of $6.67 billion, a P/E ratio of 23.07, a P/E/G ratio of 2.36 and a beta of 1.66. The business’s 50 day moving average is $103.96 and its two-hundred day moving average is $104.19. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 5.96. Ryman Hospitality Properties, Inc. has a 12-month low of $81.90 and a 12-month high of $122.91.

Ryman Hospitality Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a $1.10 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $4.40 annualized dividend and a dividend yield of 3.95%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 91.10%.

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.