Deutsche Bank AG Purchases 106,735 Shares of Ryman Hospitality Properties Inc (RHP)

Deutsche Bank AG raised its position in Ryman Hospitality Properties Inc (NYSE:RHP) by 5.7% during the fourth quarter, HoldingsChannel reports. The firm owned 1,974,070 shares of the real estate investment trust’s stock after buying an additional 106,735 shares during the quarter. Deutsche Bank AG’s holdings in Ryman Hospitality Properties were worth $131,647,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Resources Investment Advisors Inc. purchased a new position in Ryman Hospitality Properties in the fourth quarter valued at about $25,000. Nisa Investment Advisors LLC grew its stake in Ryman Hospitality Properties by 155.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 985 shares of the real estate investment trust’s stock valued at $66,000 after purchasing an additional 600 shares in the last quarter. Advisor Group Inc. grew its stake in Ryman Hospitality Properties by 18.8% in the fourth quarter. Advisor Group Inc. now owns 1,723 shares of the real estate investment trust’s stock valued at $116,000 after purchasing an additional 273 shares in the last quarter. MML Investors Services LLC purchased a new position in Ryman Hospitality Properties in the third quarter valued at about $251,000. Finally, Vident Investment Advisory LLC purchased a new position in Ryman Hospitality Properties in the third quarter valued at about $260,000. Hedge funds and other institutional investors own 88.15% of the company’s stock.

In other news, EVP Patrick S. Chaffin sold 2,000 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $83.39, for a total value of $166,780.00. Following the completion of the transaction, the executive vice president now directly owns 14,759 shares of the company’s stock, valued at approximately $1,230,753.01. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Jennifer L. Hutcheson sold 1,892 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $82.39, for a total value of $155,881.88. Following the completion of the transaction, the chief accounting officer now directly owns 5,818 shares of the company’s stock, valued at $479,345.02. The disclosure for this sale can be found here. Corporate insiders own 3.20% of the company’s stock.

NYSE RHP opened at $82.73 on Tuesday. Ryman Hospitality Properties Inc has a twelve month low of $64.36 and a twelve month high of $90.02. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 5.20. The stock has a market cap of $4.22 billion, a P/E ratio of 14.06, a price-to-earnings-growth ratio of 1.27 and a beta of 1.36.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be issued a $0.90 dividend. The ex-dividend date of this dividend is Thursday, March 28th. This is a boost from Ryman Hospitality Properties’s previous quarterly dividend of $0.85. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.35%. Ryman Hospitality Properties’s dividend payout ratio is presently 61.43%.

RHP has been the topic of a number of recent research reports. Raymond James upgraded Ryman Hospitality Properties from a “market perform” rating to an “outperform” rating in a research note on Tuesday, January 8th. Zacks Investment Research downgraded Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, January 16th. ValuEngine upgraded Ryman Hospitality Properties from a “hold” rating to a “buy” rating in a research note on Wednesday, January 30th. Finally, Deutsche Bank boosted their target price on Ryman Hospitality Properties from $94.00 to $98.00 and gave the company a “buy” rating in a research note on Monday, February 11th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Ryman Hospitality Properties has an average rating of “Buy” and a consensus target price of $91.40.

COPYRIGHT VIOLATION NOTICE: “Deutsche Bank AG Purchases 106,735 Shares of Ryman Hospitality Properties Inc (RHP)” was originally published by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of US & international trademark and copyright laws. The original version of this piece of content can be viewed at https://sportsperspectives.com/2019/04/02/deutsche-bank-ag-purchases-106735-shares-of-ryman-hospitality-properties-inc-rhp.html.

Ryman Hospitality Properties Company Profile

Ryman Hospitality Properties, Inc (NYSE:RHP) is a REIT for federal income tax purposes, specializing in group-oriented, destination hotel assets in urban and resort markets. The Company's owned assets include a network of four upscale, meetings-focused resorts totaling 8,114 rooms that are managed by lodging operator Marriott International, Inc under the Gaylord Hotels brand.

Further Reading: Why is cost of goods sold important?

Want to see what other hedge funds are holding RHP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ryman Hospitality Properties Inc (NYSE:RHP).

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

Receive News & Ratings for Ryman Hospitality Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ryman Hospitality Properties and related companies with MarketBeat.com's FREE daily email newsletter.