Reinhart Partners LLC. Sells 203,980 Shares of Ryman Hospitality Properties, Inc. $RHP

Reinhart Partners LLC. trimmed its position in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 28.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 506,898 shares of the real estate investment trust’s stock after selling 203,980 shares during the quarter. Reinhart Partners LLC.’s holdings in Ryman Hospitality Properties were worth $60,590,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in RHP. GAMMA Investing LLC increased its stake in Ryman Hospitality Properties by 23.6% in the 3rd quarter. GAMMA Investing LLC now owns 3,062 shares of the real estate investment trust’s stock worth $366,000 after acquiring an additional 584 shares during the last quarter. Farther Finance Advisors LLC boosted its position in shares of Ryman Hospitality Properties by 20.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 875 shares of the real estate investment trust’s stock valued at $105,000 after acquiring an additional 146 shares during the last quarter. Cim Investment Management Inc. bought a new position in shares of Ryman Hospitality Properties during the 2nd quarter valued at approximately $266,000. Sequoia Financial Advisors LLC purchased a new position in shares of Ryman Hospitality Properties in the second quarter valued at $332,000. Finally, NewEdge Advisors LLC purchased a new position in shares of Ryman Hospitality Properties in the second quarter valued at $317,000. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Ryman Hospitality Properties Trading Up 0.4%

Shares of RHP opened at $120.44 on Friday. Ryman Hospitality Properties, Inc. has a twelve month low of $83.82 and a twelve month high of $137.46. The company has a market cap of $7.60 billion, a P/E ratio of 29.45, a P/E/G ratio of 1.83 and a beta of 1.22. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 5.02. The company’s fifty day simple moving average is $123.75 and its 200-day simple moving average is $117.40.

Ryman Hospitality Properties (NYSE:RHP) last released its earnings results on Friday, August 7th. The real estate investment trust reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.11. Ryman Hospitality Properties had a net margin of 9.91% and a return on equity of 34.54%. The firm had revenue of $748.98 million during the quarter, compared to analyst estimates of $734.59 million. During the same quarter last year, the business earned $2.35 EPS. The business’s revenue was up 13.6% on a year-over-year basis. As a group, analysts expect that Ryman Hospitality Properties, Inc. will post 9.23 EPS for the current year.

Ryman Hospitality Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be paid a $1.20 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $4.80 annualized dividend and a yield of 4.0%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 117.36%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on RHP. Raymond James Financial upped their price target on shares of Ryman Hospitality Properties from $125.00 to $130.00 and gave the company an “outperform” rating in a research note on Monday, September 28th. Wells Fargo & Company lifted their price objective on shares of Ryman Hospitality Properties from $126.00 to $136.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. JPMorgan Chase & Co. boosted their target price on shares of Ryman Hospitality Properties from $113.00 to $129.00 and gave the stock an “overweight” rating in a report on Tuesday, July 21st. Citigroup upped their target price on shares of Ryman Hospitality Properties from $125.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, September 9th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $145.00 price target on shares of Ryman Hospitality Properties in a report on Wednesday, August 12th. Thirteen research analysts have rated the stock with a Buy rating. According to data from MarketBeat, Ryman Hospitality Properties presently has a consensus rating of “Buy” and a consensus price target of $132.75.

Ryman Hospitality Properties Company Profile

Ryman Hospitality Properties, Inc (NYSE:RHP) is a real estate investment trust focused on owning and operating high-quality lodging and entertainment assets. The company’s portfolio is centered on large-scale convention center resorts that serve group, business and leisure travelers, with properties designed to combine accommodations, meeting space, dining, retail and entertainment.

Ryman’s flagship hospitality portfolio operates under the Gaylord Hotels brand and includes destination resorts in markets such as Nashville, Tennessee; Orlando, Florida; the Dallas-Fort Worth area; the Washington, DC, area; and the Denver area.