Ryman Hospitality Properties, Inc. (NYSE:RHP) Position Boosted by Metis Global Partners LLC

Metis Global Partners LLC grew its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 11.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 6,868 shares of the real estate investment trust’s stock after buying an additional 701 shares during the period. Metis Global Partners LLC’s holdings in Ryman Hospitality Properties were worth $717,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in RHP. Citigroup Inc. increased its stake in Ryman Hospitality Properties by 72.9% in the 3rd quarter. Citigroup Inc. now owns 54,239 shares of the real estate investment trust’s stock valued at $5,817,000 after buying an additional 22,871 shares during the period. Paradigm Asset Management Co. LLC purchased a new position in shares of Ryman Hospitality Properties during the 4th quarter valued at $741,000. Van ECK Associates Corp increased its stake in shares of Ryman Hospitality Properties by 10.2% in the fourth quarter. Van ECK Associates Corp now owns 11,109 shares of the real estate investment trust’s stock worth $1,159,000 after acquiring an additional 1,029 shares during the last quarter. Quantinno Capital Management LP purchased a new stake in shares of Ryman Hospitality Properties during the third quarter worth $488,000. Finally, Principal Financial Group Inc. boosted its position in Ryman Hospitality Properties by 3.2% during the fourth quarter. Principal Financial Group Inc. now owns 3,254,693 shares of the real estate investment trust’s stock valued at $339,596,000 after purchasing an additional 101,333 shares during the last quarter. 94.48% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Ryman Hospitality Properties

In related news, Chairman Colin V. Reed purchased 8,231 shares of the firm’s stock in a transaction on Wednesday, February 26th. The shares were bought at an average cost of $97.54 per share, for a total transaction of $802,851.74. Following the transaction, the chairman now directly owns 832,260 shares of the company’s stock, valued at approximately $81,178,640.40. This trade represents a 1.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Alvin L. Bowles, Jr. sold 473 shares of the business’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $97.03, for a total transaction of $45,895.19. Following the transaction, the director now owns 2,675 shares in the company, valued at approximately $259,555.25. The trade was a 15.03 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company’s stock.

Ryman Hospitality Properties Stock Down 2.2 %

RHP opened at $95.90 on Wednesday. Ryman Hospitality Properties, Inc. has a twelve month low of $93.76 and a twelve month high of $121.77. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.73 and a current ratio of 1.73. The business has a 50 day moving average price of $102.91 and a 200 day moving average price of $106.91. The firm has a market cap of $5.74 billion, a P/E ratio of 21.84, a price-to-earnings-growth ratio of 2.71 and a beta of 1.67.

Ryman Hospitality Properties (NYSE:RHP) last issued its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.94. The business had revenue of $647.63 million during the quarter, compared to analysts’ expectations of $656.01 million. Ryman Hospitality Properties had a net margin of 11.61% and a return on equity of 49.23%. Research analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.

Ryman Hospitality Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 4.80%. The ex-dividend date is Monday, March 31st. Ryman Hospitality Properties’s dividend payout ratio is currently 104.78%.

Analysts Set New Price Targets

Several research analysts have weighed in on RHP shares. Wells Fargo & Company dropped their target price on Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. StockNews.com upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Saturday. Jefferies Financial Group began coverage on shares of Ryman Hospitality Properties in a research note on Wednesday, November 6th. They issued a “buy” rating and a $130.00 target price for the company. BMO Capital Markets initiated coverage on shares of Ryman Hospitality Properties in a research note on Monday, December 9th. They set an “outperform” rating and a $133.00 price target on the stock. Finally, JPMorgan Chase & Co. restated an “underweight” rating and set a $100.00 price target on shares of Ryman Hospitality Properties in a report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $125.67.

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.