NGAM Advisors L.P. raised its position in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 9.6% during the second quarter, Holdings Channel reports. The institutional investor owned 71,163 shares of the real estate investment trust’s stock after buying an additional 6,204 shares during the period. NGAM Advisors L.P.’s holdings in Ryman Hospitality Properties were worth $4,555,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of RHP. James Investment Research Inc. acquired a new stake in shares of Ryman Hospitality Properties during the first quarter worth about $141,000. Creative Planning raised its stake in shares of Ryman Hospitality Properties by 74.6% in the first quarter. Creative Planning now owns 2,809 shares of the real estate investment trust’s stock worth $174,000 after buying an additional 1,200 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Ryman Hospitality Properties by 42.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,610 shares of the real estate investment trust’s stock worth $223,000 after buying an additional 1,079 shares in the last quarter. Teacher Retirement System of Texas raised its stake in shares of Ryman Hospitality Properties by 2.4% in the first quarter. Teacher Retirement System of Texas now owns 3,731 shares of the real estate investment trust’s stock worth $231,000 after buying an additional 89 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its stake in shares of Ryman Hospitality Properties by 36.7% in the first quarter. Daiwa Securities Group Inc. now owns 4,100 shares of the real estate investment trust’s stock worth $254,000 after buying an additional 1,100 shares in the last quarter. 89.18% of the stock is owned by hedge funds and other institutional investors.

Shares of Ryman Hospitality Properties, Inc. (RHP) opened at 61.86 on Tuesday. The company has a market capitalization of $3.13 billion, a price-to-earnings ratio of 19.15 and a beta of 1.15. The firm’s 50-day moving average price is $64.06 and its 200-day moving average price is $63.35. Ryman Hospitality Properties, Inc. has a 12 month low of $47.31 and a 12 month high of $67.97.

The company also recently declared a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Monday, June 19th were paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 5.17%. The ex-dividend date was Thursday, June 15th. Ryman Hospitality Properties’s dividend payout ratio (DPR) is 99.07%.

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RHP has been the subject of a number of research analyst reports. Zacks Investment Research raised Ryman Hospitality Properties from a “sell” rating to a “buy” rating and set a $71.00 price target for the company in a research note on Thursday, May 4th. BidaskClub raised Ryman Hospitality Properties from a “hold” rating to a “buy” rating in a research note on Wednesday, June 14th. Raymond James Financial, Inc. reissued a “market perform” rating on shares of Ryman Hospitality Properties in a research note on Friday, July 14th. Finally, UBS AG lowered Ryman Hospitality Properties from an “outperform” rating to a “market perform” rating in a research note on Friday, July 14th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. Ryman Hospitality Properties has a consensus rating of “Hold” and an average target price of $61.60.

In other Ryman Hospitality Properties news, CEO Colin V. Reed sold 30,000 shares of the company’s stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $63.44, for a total transaction of $1,903,200.00. Following the transaction, the chief executive officer now directly owns 101,930 shares in the company, valued at $6,466,439.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Bennett D. Westbrook sold 10,000 shares of the company’s stock in a transaction on Tuesday, June 20th. The stock was sold at an average price of $66.86, for a total value of $668,600.00. Following the transaction, the executive vice president now owns 18,744 shares in the company, valued at $1,253,223.84. The disclosure for this sale can be found here. Insiders have sold 63,644 shares of company stock worth $4,085,008 over the last 90 days. 3.40% of the stock is owned by insiders.

Ryman Hospitality Properties, Inc is a finance company in the Specialized REITs industry.

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

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