Hodges Capital Management Inc. Trims Stake in Ryman Hospitality Properties, Inc. (REIT) (RHP)

Hodges Capital Management Inc. cut its holdings in Ryman Hospitality Properties, Inc. (REIT) (NYSE:RHP) by 5.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 42,727 shares of the real estate investment trust’s stock after selling 2,680 shares during the period. Hodges Capital Management Inc.’s holdings in Ryman Hospitality Properties were worth $2,949,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company boosted its holdings in Ryman Hospitality Properties by 0.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 33,688 shares of the real estate investment trust’s stock worth $2,156,000 after buying an additional 127 shares during the period. Ameritas Investment Partners Inc. boosted its holdings in Ryman Hospitality Properties by 3.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,883 shares of the real estate investment trust’s stock worth $249,000 after buying an additional 130 shares during the period. Tudor Investment Corp ET AL boosted its holdings in Ryman Hospitality Properties by 2.8% in the 2nd quarter. Tudor Investment Corp ET AL now owns 5,412 shares of the real estate investment trust’s stock worth $346,000 after buying an additional 145 shares during the period. Profund Advisors LLC boosted its holdings in Ryman Hospitality Properties by 5.2% in the 2nd quarter. Profund Advisors LLC now owns 3,622 shares of the real estate investment trust’s stock worth $232,000 after buying an additional 178 shares during the period. Finally, Advisor Group Inc. boosted its holdings in Ryman Hospitality Properties by 59.0% in the 2nd quarter. Advisor Group Inc. now owns 1,740 shares of the real estate investment trust’s stock worth $110,000 after buying an additional 646 shares during the period. 87.33% of the stock is owned by institutional investors.

In other Ryman Hospitality Properties news, SVP Scott J. Lynn sold 3,250 shares of the stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $68.41, for a total value of $222,332.50. Following the sale, the senior vice president now directly owns 4,147 shares in the company, valued at approximately $283,696.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Colin V. Reed bought 5,995 shares of the stock in a transaction on Wednesday, January 17th. The stock was purchased at an average price of $75.81 per share, for a total transaction of $454,480.95. The disclosure for this purchase can be found here. Insiders sold a total of 8,331 shares of company stock worth $576,523 over the last quarter. Corporate insiders own 3.40% of the company’s stock.

Shares of Ryman Hospitality Properties, Inc. (RHP) opened at $67.17 on Friday. Ryman Hospitality Properties, Inc. has a 52 week low of $57.78 and a 52 week high of $77.99. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 4.46. The stock has a market cap of $3,553.53, a P/E ratio of 22.77, a price-to-earnings-growth ratio of 1.54 and a beta of 1.24.

Ryman Hospitality Properties (NYSE:RHP) last posted its earnings results on Tuesday, November 7th. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.38. Ryman Hospitality Properties had a net margin of 13.10% and a return on equity of 43.45%. The business had revenue of $264.70 million for the quarter, compared to analysts’ expectations of $268.97 million. During the same period in the prior year, the company posted $1.28 EPS. The business’s revenue for the quarter was down 2.6% compared to the same quarter last year. equities analysts anticipate that Ryman Hospitality Properties, Inc. will post 5.47 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were paid a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 4.76%. The ex-dividend date of this dividend was Thursday, December 28th. Ryman Hospitality Properties’s dividend payout ratio is presently 108.47%.

Several research analysts recently commented on RHP shares. Bank of America raised shares of Ryman Hospitality Properties from an “underperform” rating to a “buy” rating in a report on Monday, January 8th. Zacks Investment Research raised shares of Ryman Hospitality Properties from a “hold” rating to a “buy” rating and set a $73.00 price objective for the company in a report on Tuesday, October 17th. SunTrust Banks reaffirmed a “hold” rating and issued a $60.00 price objective on shares of Ryman Hospitality Properties in a report on Friday, November 10th. Wells Fargo & Co raised shares of Ryman Hospitality Properties from a “market perform” rating to an “outperform” rating and set a $76.00 price objective for the company in a report on Tuesday, December 19th. Finally, ValuEngine raised shares of Ryman Hospitality Properties from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $67.80.

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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 George’s County, Maryland.

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Institutional Ownership by Quarter for Ryman Hospitality Properties (NYSE:RHP)

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