Stoneridge Investment Partners LLC purchased a new stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,032 shares of the real estate investment trust’s stock, valued at approximately $258,000.

Several other hedge funds have also recently bought and sold shares of the company. Bowling Portfolio Management LLC raised its stake in Ryman Hospitality Properties by 7.0% in the first quarter. Bowling Portfolio Management LLC now owns 8,521 shares of the real estate investment trust’s stock valued at $527,000 after buying an additional 561 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of Ryman Hospitality Properties by 0.8% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 7,778 shares of the real estate investment trust’s stock valued at $481,000 after buying an additional 62 shares during the last quarter. Hillcrest Asset Management LLC increased its position in shares of Ryman Hospitality Properties by 7.9% in the first quarter. Hillcrest Asset Management LLC now owns 160,100 shares of the real estate investment trust’s stock valued at $9,899,000 after buying an additional 11,661 shares during the last quarter. First Midwest Bank Trust Division increased its position in shares of Ryman Hospitality Properties by 4.8% in the first quarter. First Midwest Bank Trust Division now owns 9,787 shares of the real estate investment trust’s stock valued at $605,000 after buying an additional 451 shares during the last quarter. Finally, River Road Asset Management LLC increased its position in shares of Ryman Hospitality Properties by 13.6% in the first quarter. River Road Asset Management LLC now owns 1,195,755 shares of the real estate investment trust’s stock valued at $73,934,000 after buying an additional 143,558 shares during the last quarter. Institutional investors and hedge funds own 89.18% of the company’s stock.

Ryman Hospitality Properties, Inc. (NYSE RHP) opened at 58.22 on Friday. The company has a market cap of $2.95 billion, a P/E ratio of 18.42 and a beta of 1.15. The company has a 50-day moving average of $62.78 and a 200 day moving average of $63.23. Ryman Hospitality Properties, Inc. has a 52 week low of $47.31 and a 52 week high of $67.97.

Ryman Hospitality Properties (NYSE:RHP) last released its quarterly earnings results on Tuesday, August 8th. The real estate investment trust reported $1.55 EPS for the quarter, topping the Zacks’ consensus estimate of $1.52 by $0.03. Ryman Hospitality Properties had a net margin of 13.86% and a return on equity of 46.19%. The business had revenue of $298.80 million during the quarter, compared to analysts’ expectations of $296.01 million. During the same quarter in the previous year, the company earned $1.59 EPS. The business’s quarterly revenue was up .9% compared to the same quarter last year. On average, equities analysts forecast that Ryman Hospitality Properties, Inc. will post $3.03 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Monday, June 19th were paid a $0.80 dividend. The ex-dividend date of this dividend was Thursday, June 15th. This represents a $3.20 dividend on an annualized basis and a yield of 5.50%. Ryman Hospitality Properties’s dividend payout ratio is presently 101.59%.

TRADEMARK VIOLATION WARNING: “Stoneridge Investment Partners LLC Purchases New Stake in Ryman Hospitality Properties, Inc. (NYSE:RHP)” was published by Daily Political and is owned by of Daily Political. If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of United States & international trademark and copyright law. The original version of this piece of content can be read at https://www.dailypolitical.com/2017/08/13/stoneridge-investment-partners-llc-purchases-new-stake-in-ryman-hospitality-properties-inc-nyserhp.html.

RHP has been the subject of several research reports. Zacks Investment Research raised shares of Ryman Hospitality Properties from a “sell” rating to a “buy” rating and set a $71.00 price objective for the company in a research note on Thursday, May 4th. BidaskClub raised shares of Ryman Hospitality Properties from a “hold” rating to a “buy” rating in a research note on Wednesday, June 14th. Deutsche Bank AG reissued a “buy” rating and issued a $70.00 price objective (down previously from $71.00) on shares of Ryman Hospitality Properties in a research note on Thursday. 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 downgraded shares of Ryman Hospitality Properties from an “outperform” rating to a “market perform” rating in a research note on Friday, July 14th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. Ryman Hospitality Properties presently has an average rating of “Hold” and an average target price of $63.00.

In other Ryman Hospitality Properties news, EVP Bennett D. Westbrook sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 20th. The shares were sold at an average price of $66.86, for a total value of $668,600.00. Following the completion of the transaction, the executive vice president now owns 18,744 shares of the company’s stock, valued at approximately $1,253,223.84. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Colin V. Reed sold 30,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 101,930 shares of the company’s stock, valued at approximately $6,466,439.20. The disclosure for this sale can be found here. In the last three months, insiders sold 63,644 shares of company stock valued at $4,085,008. Corporate insiders own 3.40% of the company’s stock.

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

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