Perpetual Ltd Has $927,000 Stock Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Perpetual Ltd lowered its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 55.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,641 shares of the real estate investment trust’s stock after selling 10,620 shares during the quarter. Perpetual Ltd’s holdings in Ryman Hospitality Properties were worth $927,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. grew its holdings in Ryman Hospitality Properties by 194.0% during the 2nd quarter. Principal Financial Group Inc. now owns 2,222,077 shares of the real estate investment trust’s stock worth $221,896,000 after acquiring an additional 1,466,220 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Ryman Hospitality Properties by 264.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,199,392 shares of the real estate investment trust’s stock worth $119,771,000 after acquiring an additional 870,081 shares during the last quarter. Vanguard Group Inc. grew its holdings in Ryman Hospitality Properties by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 8,470,274 shares of the real estate investment trust’s stock worth $979,248,000 after acquiring an additional 226,547 shares during the last quarter. Duff & Phelps Investment Management Co. grew its holdings in Ryman Hospitality Properties by 24.9% during the 2nd quarter. Duff & Phelps Investment Management Co. now owns 552,346 shares of the real estate investment trust’s stock worth $55,157,000 after acquiring an additional 110,027 shares during the last quarter. Finally, South Street Advisors LLC bought a new stake in Ryman Hospitality Properties during the 1st quarter worth about $11,574,000. Institutional investors and hedge funds own 94.48% of the company’s stock.

Ryman Hospitality Properties Stock Up 0.9 %

Shares of NYSE RHP opened at $111.35 on Friday. The firm has a market capitalization of $6.67 billion, a PE ratio of 23.05, a price-to-earnings-growth ratio of 2.36 and a beta of 1.66. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 5.96. Ryman Hospitality Properties, Inc. has a 1 year low of $81.90 and a 1 year high of $122.91. The firm’s 50-day moving average is $103.96 and its 200-day moving average is $104.34.

Ryman Hospitality Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 3.95%. The ex-dividend date of this dividend is Monday, September 30th. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 91.10%.

Wall Street Analysts Forecast Growth

RHP has been the topic of a number of research analyst reports. StockNews.com raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Friday, August 9th. JPMorgan Chase & Co. increased their price objective on shares of Ryman Hospitality Properties from $104.00 to $105.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Finally, Wells Fargo & Company decreased their price objective on shares of Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating on the stock in a report on Friday, September 13th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $124.20.

Insider Activity

In other news, Chairman Colin V. Reed acquired 8,077 shares of Ryman Hospitality Properties stock in a transaction that occurred on Tuesday, August 6th. The shares were acquired at an average price of $97.78 per share, with a total value of $789,769.06. Following the purchase, the chairman now directly owns 827,220 shares of the company’s stock, valued at $80,885,571.60. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Alvin L. Bowles, Jr. sold 900 shares of Ryman Hospitality Properties stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $107.32, for a total transaction of $96,588.00. Following the transaction, the director now owns 3,148 shares of the company’s stock, valued at $337,843.36. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Colin V. Reed acquired 8,077 shares of Ryman Hospitality Properties stock in a transaction that occurred on Tuesday, August 6th. The shares were purchased at an average cost of $97.78 per share, for a total transaction of $789,769.06. Following the purchase, the chairman now directly owns 827,220 shares in the company, valued at $80,885,571.60. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 3.00% of the company’s stock.

About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and entertainment experiences. The Company's holdings include Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; Gaylord National Resort & Convention Center; and Gaylord Rockies Resort & Convention Center, five of the top seven largest non-gaming convention center hotels in the United States based on total indoor meeting space.