Raymond James Trust N.A. Sells 405 Shares of Ryman Hospitality Properties, Inc. (RHP)

Raymond James Trust N.A. decreased its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 5.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,713 shares of the real estate investment trust’s stock after selling 405 shares during the period. Raymond James Trust N.A.’s holdings in Ryman Hospitality Properties were worth $494,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Ryman Hospitality Properties by 42.6% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,610 shares of the real estate investment trust’s stock valued at $223,000 after acquiring an additional 1,079 shares in the last quarter. Teacher Retirement System of Texas lifted its position in Ryman Hospitality Properties by 2.4% during the first quarter. Teacher Retirement System of Texas now owns 3,731 shares of the real estate investment trust’s stock valued at $231,000 after purchasing an additional 89 shares during the last quarter. Daiwa Securities Group Inc. lifted its position in Ryman Hospitality Properties by 36.7% during the first quarter. Daiwa Securities Group Inc. now owns 4,100 shares of the real estate investment trust’s stock valued at $254,000 after purchasing an additional 1,100 shares during the last quarter. Stoneridge Investment Partners LLC bought a new stake in Ryman Hospitality Properties during the second quarter valued at approximately $258,000. Finally, Private Advisor Group LLC lifted its position in Ryman Hospitality Properties by 5.3% during the second quarter. Private Advisor Group LLC now owns 4,343 shares of the real estate investment trust’s stock valued at $275,000 after purchasing an additional 220 shares during the last quarter. Hedge funds and other institutional investors own 86.96% of the company’s stock.

RHP has been the subject of several research analyst reports. Deutsche Bank AG reiterated a “buy” rating and set a $70.00 target price (down from $71.00) on shares of Ryman Hospitality Properties in a research report on Thursday, August 10th. Zacks Investment Research upgraded shares of Ryman Hospitality Properties from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a report on Wednesday, July 5th. BidaskClub upgraded shares of Ryman Hospitality Properties from a “hold” rating to a “buy” rating in a report on Wednesday, June 14th. Raymond James Financial, Inc. restated a “market perform” rating on shares of Ryman Hospitality Properties in a report on Friday, July 14th. Finally, UBS AG lowered shares of Ryman Hospitality Properties from an “outperform” rating to a “market perform” rating in a report on Friday, July 14th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. Ryman Hospitality Properties presently has a consensus rating of “Hold” and a consensus target price of $64.40.

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In other Ryman Hospitality Properties news, SVP Jennifer L. Hutcheson sold 3,644 shares of Ryman Hospitality Properties stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $66.55, for a total value of $242,508.20. Following the transaction, the senior vice president now owns 8,845 shares in the company, valued at $588,634.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Bennett D. Westbrook sold 10,000 shares of Ryman Hospitality Properties stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $66.86, for a total value of $668,600.00. Following the completion of the transaction, the executive vice president now owns 18,744 shares in the company, valued at approximately $1,253,223.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 63,644 shares of company stock worth $4,085,008. Insiders own 3.40% of the company’s stock.

Shares of Ryman Hospitality Properties, Inc. (NYSE RHP) opened at 61.23 on Friday. The stock has a market capitalization of $3.10 billion, a P/E ratio of 19.38 and a beta of 1.14. Ryman Hospitality Properties, Inc. has a 52-week low of $47.31 and a 52-week high of $67.97. The stock has a 50 day moving average of $59.90 and a 200-day moving average of $62.51.

Ryman Hospitality Properties (NYSE:RHP) last announced its quarterly earnings results on Tuesday, August 8th. The real estate investment trust reported $1.55 EPS for the quarter, beating the consensus estimate of $1.52 by $0.03. The firm had revenue of $298.80 million for the quarter, compared to analyst estimates of $296.01 million. Ryman Hospitality Properties had a return on equity of 46.19% and a net margin of 13.86%. The business’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter last year, the firm posted $1.59 earnings per share. Analysts predict that Ryman Hospitality Properties, Inc. will post $3.02 EPS for the current fiscal year.

Ryman Hospitality Properties Profile

Ryman Hospitality Properties, Inc owns and operates hotels in the United States. Its Hospitality segment operates a network of meetings-focused resorts, including the Gaylord Opryland Resort and Convention Center in Nashville, Tennessee; the Gaylord Opryland Resort and Convention Center in Kissimmee, Florida; the Gaylord Texan Resort and Convention Center in Grapevine, Texas; and the Gaylord National Resort and Convention Center in Prince George’s County, Maryland.

Institutional Ownership by Quarter for Ryman Hospitality Properties (NYSE:RHP)

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