Reinhart Partners LLC. Has $41.08 Million Holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Reinhart Partners LLC. raised its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 55.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 383,026 shares of the real estate investment trust’s stock after buying an additional 136,756 shares during the period. Ryman Hospitality Properties comprises 1.6% of Reinhart Partners LLC.’s portfolio, making the stock its 25th biggest position. Reinhart Partners LLC. owned about 0.64% of Ryman Hospitality Properties worth $41,076,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of RHP. Teachers Retirement System of The State of Kentucky increased its holdings in shares of Ryman Hospitality Properties by 12.7% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 19,472 shares of the real estate investment trust’s stock valued at $2,143,000 after purchasing an additional 2,198 shares in the last quarter. American International Group Inc. boosted its stake in Ryman Hospitality Properties by 0.6% in the fourth quarter. American International Group Inc. now owns 29,031 shares of the real estate investment trust’s stock valued at $3,195,000 after acquiring an additional 176 shares during the last quarter. SageView Advisory Group LLC bought a new position in Ryman Hospitality Properties in the fourth quarter valued at approximately $425,000. PNC Financial Services Group Inc. boosted its stake in Ryman Hospitality Properties by 4.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,383 shares of the real estate investment trust’s stock valued at $372,000 after acquiring an additional 137 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new position in Ryman Hospitality Properties in the fourth quarter valued at approximately $1,169,000. Institutional investors and hedge funds own 94.48% of the company’s stock.

Insider Buying and Selling

In related news, Chairman Colin V. Reed bought 8,077 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were purchased at an average price of $97.78 per share, for a total transaction of $789,769.06. Following the completion of the transaction, the chairman now directly owns 827,220 shares of the company’s stock, valued at approximately $80,885,571.60. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Alvin L. Bowles, Jr. sold 900 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now owns 3,148 shares of the company’s stock, valued at approximately $337,843.36. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Colin V. Reed purchased 8,077 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were acquired at an average cost 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 approximately $80,885,571.60. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. 3.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on RHP. JPMorgan Chase & Co. boosted their price objective on shares of Ryman Hospitality Properties from $104.00 to $105.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. StockNews.com raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Friday, August 9th. Finally, Wells Fargo & Company cut 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 research 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $124.20.

Ryman Hospitality Properties Stock Up 0.9 %

Ryman Hospitality Properties stock opened at $111.35 on Friday. The stock has a market cap of $6.67 billion, a P/E ratio of 23.05, a P/E/G ratio of 2.36 and a beta of 1.66. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 5.96. Ryman Hospitality Properties, Inc. has a twelve month low of $81.90 and a twelve month high of $122.91. The company’s 50-day moving average price is $103.96 and its two-hundred day moving average price is $104.34.

Ryman Hospitality Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $4.40 annualized dividend and a dividend yield of 3.95%. Ryman Hospitality Properties’s dividend payout ratio is 91.10%.

Ryman Hospitality Properties Company Profile

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.