Janney Montgomery Scott LLC cut its holdings in shares of Ryman Hospitality Properties Inc (NYSE:RHP) by 32.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,824 shares of the real estate investment trust’s stock after selling 8,740 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Ryman Hospitality Properties were worth $1,536,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in RHP. Point72 Hong Kong Ltd purchased a new position in shares of Ryman Hospitality Properties in the 2nd quarter worth about $205,000. Pecaut & CO. purchased a new position in shares of Ryman Hospitality Properties in the 2nd quarter worth about $208,000. Cubist Systematic Strategies LLC purchased a new position in shares of Ryman Hospitality Properties in the 2nd quarter worth about $209,000. Sageworth Trust Co raised its holdings in shares of Ryman Hospitality Properties by 242.8% in the 3rd quarter. Sageworth Trust Co now owns 2,715 shares of the real estate investment trust’s stock worth $234,000 after purchasing an additional 1,923 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of Ryman Hospitality Properties in the 3rd quarter worth about $236,000. Hedge funds and other institutional investors own 84.53% of the company’s stock.
In related news, CEO Colin V. Reed bought 13,031 shares of the company’s stock in a transaction that occurred on Monday, November 12th. The shares were acquired at an average cost of $75.83 per share, for a total transaction of $988,140.73. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 3.20% of the company’s stock.
Ryman Hospitality Properties (NYSE:RHP) last announced its earnings results on Tuesday, November 6th. The real estate investment trust reported $0.44 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.70). The company had revenue of $292.25 million for the quarter, compared to analysts’ expectations of $277.54 million. Ryman Hospitality Properties had a net margin of 14.11% and a return on equity of 51.08%. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.02 earnings per share. On average, equities analysts forecast that Ryman Hospitality Properties Inc will post 5.87 earnings per share for the current year.
A number of equities analysts have recently commented on the company. Deutsche Bank set a $94.00 price objective on Ryman Hospitality Properties and gave the stock a “buy” rating in a report on Saturday, September 15th. Citigroup set a $98.00 price objective on Ryman Hospitality Properties and gave the stock a “buy” rating in a report on Monday, September 17th. Bank of America raised their price objective on Ryman Hospitality Properties from $90.00 to $94.00 and gave the stock a “buy” rating in a report on Tuesday, September 18th. ValuEngine downgraded Ryman Hospitality Properties from a “buy” rating to a “hold” rating in a report on Thursday, November 1st. Finally, SunTrust Banks restated a “hold” rating and issued a $76.00 price objective on shares of Ryman Hospitality Properties in a report on Thursday. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $88.50.
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Ryman Hospitality Properties Profile
Ryman Hospitality Properties, Inc (NYSE:RHP) is a REIT for federal income tax purposes, specializing in group-oriented, destination hotel assets in urban and resort markets. The Company's owned assets include a network of four upscale, meetings-focused resorts totaling 8,114 rooms that are managed by lodging operator Marriott International, Inc under the Gaylord Hotels brand.
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