Campbell & CO Investment Adviser LLC bought a new position in Ryman Hospitality Properties Inc (NYSE:RHP) in the third quarter, according to its most recent disclosure with the SEC. The firm bought 3,000 shares of the real estate investment trust’s stock, valued at approximately $259,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. BlackRock Inc. grew its holdings in shares of Ryman Hospitality Properties by 2.4% during the 2nd quarter. BlackRock Inc. now owns 4,719,284 shares of the real estate investment trust’s stock worth $392,410,000 after purchasing an additional 112,282 shares during the period. Northern Trust Corp grew its holdings in shares of Ryman Hospitality Properties by 1.1% during the 2nd quarter. Northern Trust Corp now owns 961,771 shares of the real estate investment trust’s stock worth $79,971,000 after purchasing an additional 10,173 shares during the period. Millennium Management LLC grew its holdings in shares of Ryman Hospitality Properties by 94.4% during the 2nd quarter. Millennium Management LLC now owns 890,028 shares of the real estate investment trust’s stock worth $74,006,000 after purchasing an additional 432,295 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Ryman Hospitality Properties by 0.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 738,814 shares of the real estate investment trust’s stock worth $61,433,000 after purchasing an additional 2,265 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its holdings in shares of Ryman Hospitality Properties by 6.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 718,254 shares of the real estate investment trust’s stock worth $59,723,000 after purchasing an additional 40,919 shares during the period. 84.53% of the stock is owned by institutional investors and hedge funds.

In other news, CEO Colin V. Reed bought 13,031 shares of the stock in a transaction that occurred on Monday, November 12th. The stock was bought at an average cost of $75.83 per share, for a total transaction of $988,140.73. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 3.20% of the company’s stock.

A number of research firms have recently weighed in on RHP. Deutsche Bank set a $94.00 price target on Ryman Hospitality Properties and gave the stock a “buy” rating in a report on Saturday, September 15th. Citigroup set a $98.00 price target on Ryman Hospitality Properties and gave the stock a “buy” rating in a report on Monday, September 17th. Bank of America increased their price target on Ryman Hospitality Properties from $90.00 to $94.00 and gave the stock a “buy” rating in a report on Tuesday, September 18th. Finally, ValuEngine cut Ryman Hospitality Properties from a “buy” rating to a “hold” rating in a report on Thursday, November 1st. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $87.50.

Shares of Ryman Hospitality Properties stock opened at $75.11 on Wednesday. Ryman Hospitality Properties Inc has a 12 month low of $66.35 and a 12 month high of $90.02. The stock has a market cap of $3.92 billion, a P/E ratio of 13.51, a PEG ratio of 1.69 and a beta of 1.29. The company has a debt-to-equity ratio of 4.74, a current ratio of 1.23 and a quick ratio of 1.23.

Ryman Hospitality Properties (NYSE:RHP) last announced its earnings results on Tuesday, November 6th. The real estate investment trust reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.70). Ryman Hospitality Properties had a net margin of 14.11% and a return on equity of 51.08%. The firm had revenue of $292.25 million for the quarter, compared to analysts’ expectations of $277.54 million. During the same quarter last year, the business earned $1.02 earnings per share. The business’s revenue was up 10.4% compared to the same quarter last year. As a group, equities analysts expect that Ryman Hospitality Properties Inc will post 5.87 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This news story was first posted by Daily Political and is the sole property of of Daily Political. If you are viewing this news story on another domain, it was illegally stolen and reposted in violation of US and international copyright and trademark legislation. The correct version of this news story can be accessed at https://www.dailypolitical.com/2018/11/21/campbell-co-investment-adviser-llc-takes-259000-position-in-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.

See Also: What is a balanced fund?

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.