Los Angeles Capital Management LLC Lowers Stock Holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Los Angeles Capital Management LLC lowered its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 10.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,851 shares of the real estate investment trust’s stock after selling 950 shares during the period. Los Angeles Capital Management LLC’s holdings in Ryman Hospitality Properties were worth $842,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of RHP. Quadrature Capital Ltd increased its holdings in shares of Ryman Hospitality Properties by 94.3% in the first quarter. Quadrature Capital Ltd now owns 20,639 shares of the real estate investment trust’s stock worth $2,389,000 after purchasing an additional 10,015 shares during the period. Harbor Capital Advisors Inc. increased its stake in Ryman Hospitality Properties by 378.7% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 21,329 shares of the real estate investment trust’s stock worth $2,130,000 after acquiring an additional 16,873 shares during the last quarter. PGGM Investments purchased a new stake in shares of Ryman Hospitality Properties in the 2nd quarter valued at about $7,512,000. Bessemer Group Inc. boosted its position in shares of Ryman Hospitality Properties by 7.5% during the 1st quarter. Bessemer Group Inc. now owns 121,203 shares of the real estate investment trust’s stock valued at $14,012,000 after acquiring an additional 8,430 shares during the last quarter. Finally, EntryPoint Capital LLC grew its holdings in shares of Ryman Hospitality Properties by 398.1% during the first quarter. EntryPoint Capital LLC now owns 1,056 shares of the real estate investment trust’s stock worth $122,000 after purchasing an additional 844 shares in the last quarter. Institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Stock Performance

Ryman Hospitality Properties stock opened at $111.41 on Friday. The firm has a fifty day simple moving average of $108.40 and a two-hundred day simple moving average of $104.14. Ryman Hospitality Properties, Inc. has a twelve month low of $93.76 and a twelve month high of $122.91. The company has a market capitalization of $6.67 billion, a PE ratio of 19.79, a P/E/G ratio of 1.99 and a beta of 1.65. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 6.07.

Ryman Hospitality Properties (NYSE:RHP) last released its earnings results on Monday, November 4th. The real estate investment trust reported $0.94 earnings per share for the quarter, missing analysts’ consensus estimates of $1.83 by ($0.89). The company had revenue of $549.90 million during the quarter, compared to the consensus estimate of $545.93 million. Ryman Hospitality Properties had a net margin of 14.84% and a return on equity of 61.94%. The company’s revenue was up 4.0% on a year-over-year basis. During the same period last year, the firm posted $1.73 EPS. Research analysts expect that Ryman Hospitality Properties, Inc. will post 8.44 EPS for the current year.

Ryman Hospitality Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 4.13%. This is an increase from Ryman Hospitality Properties’s previous quarterly dividend of $1.10. The ex-dividend date is Tuesday, December 31st. Ryman Hospitality Properties’s payout ratio is presently 78.15%.

Analyst Ratings Changes

A number of brokerages recently weighed in on RHP. Wells Fargo & Company lowered their target price on shares of Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating on the stock in a research note on Friday, September 13th. JPMorgan Chase & Co. upped their target price on shares of Ryman Hospitality Properties from $104.00 to $105.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Jefferies Financial Group started coverage on Ryman Hospitality Properties in a research note on Wednesday, November 6th. They issued a “buy” rating and a $130.00 target price on the stock. Finally, StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Friday, August 9th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $125.17.

Insider Activity at Ryman Hospitality Properties

In related news, Director Fazal F. Merchant sold 1,269 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $113.98, for a total value of $144,640.62. Following the sale, the director now directly owns 4,825 shares of the company’s stock, valued at $549,953.50. This trade represents a 20.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Alvin L. Bowles, Jr. sold 900 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $107.32, for a total value of $96,588.00. Following the transaction, the director now directly owns 3,148 shares of the company’s stock, valued at $337,843.36. The trade was a 22.23 % decrease in their position. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by company insiders.

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.