GW&K Investment Management LLC Sells 5,842 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

GW&K Investment Management LLC reduced its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHPGet Rating) by 1.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 482,978 shares of the real estate investment trust’s stock after selling 5,842 shares during the period. GW&K Investment Management LLC owned 0.88% of Ryman Hospitality Properties worth $44,415,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of RHP. First Horizon Advisors Inc. purchased a new position in shares of Ryman Hospitality Properties during the 3rd quarter valued at about $27,000. Trust Co. of Vermont purchased a new position in Ryman Hospitality Properties in the 4th quarter worth approximately $37,000. Sageworth Trust Co of South Dakota purchased a new position in Ryman Hospitality Properties in the 4th quarter worth approximately $41,000. FMR LLC lifted its holdings in Ryman Hospitality Properties by 24.5% in the 1st quarter. FMR LLC now owns 997 shares of the real estate investment trust’s stock worth $82,000 after purchasing an additional 196 shares in the last quarter. Finally, Penserra Capital Management LLC lifted its holdings in Ryman Hospitality Properties by 78.4% in the 3rd quarter. Penserra Capital Management LLC now owns 1,550 shares of the real estate investment trust’s stock worth $129,000 after purchasing an additional 681 shares in the last quarter. 95.20% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts recently commented on RHP shares. Wells Fargo & Company boosted their price target on Ryman Hospitality Properties from $100.00 to $104.00 and gave the stock an “overweight” rating in a report on Wednesday, April 6th. Deutsche Bank Aktiengesellschaft lifted their price objective on Ryman Hospitality Properties from $114.00 to $116.00 in a research note on Thursday, May 5th. Raymond James lifted their price objective on Ryman Hospitality Properties from $98.00 to $105.00 and gave the stock an “outperform” rating in a research note on Thursday, April 14th. Sumitomo Mitsui Financial Group initiated coverage on Ryman Hospitality Properties in a research note on Thursday, March 24th. They issued a “neutral” rating on the stock. Finally, Zacks Investment Research raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Thursday, March 3rd. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $100.67.

Shares of NYSE RHP traded down $4.17 during trading hours on Friday, hitting $82.80. 485,841 shares of the company traded hands, compared to its average volume of 417,150. The company’s 50 day moving average price is $91.62 and its 200 day moving average price is $88.96. The stock has a market capitalization of $4.57 billion, a price-to-earnings ratio of -46.78 and a beta of 1.55. Ryman Hospitality Properties, Inc. has a 12 month low of $69.87 and a 12 month high of $101.19.

Ryman Hospitality Properties (NYSE:RHPGet Rating) last announced its quarterly earnings data on Monday, May 2nd. The real estate investment trust reported ($0.45) EPS for the quarter, missing the consensus estimate of $0.93 by ($1.38). Ryman Hospitality Properties had a negative net margin of 8.41% and a negative return on equity of 1,684.43%. During the same period in the prior year, the company posted ($0.91) earnings per share. Sell-side analysts forecast that Ryman Hospitality Properties, Inc. will post 5.91 EPS for the current fiscal year.

Ryman Hospitality Properties Profile (Get Rating)

Ryman Hospitality Properties, Inc (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and country music entertainment experiences. The Company's core holdings* include a network of five of the top 10 largest non-gaming convention center hotels in the United States based on total indoor meeting space.

Recommended Stories

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:RHPGet Rating).

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.