NGAM Advisors L.P. Buys 6,204 Shares of Ryman Hospitality Properties, Inc. (RHP)

NGAM Advisors L.P. increased its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 9.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 71,163 shares of the real estate investment trust’s stock after buying an additional 6,204 shares during the period. NGAM Advisors L.P. owned about 0.14% of Ryman Hospitality Properties worth $4,555,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Renaissance Technologies LLC increased its stake in shares of Ryman Hospitality Properties by 42.8% in the fourth quarter. Renaissance Technologies LLC now owns 43,541 shares of the real estate investment trust’s stock valued at $2,744,000 after buying an additional 13,041 shares during the last quarter. Teachers Advisors LLC increased its stake in shares of Ryman Hospitality Properties by 2.1% in the fourth quarter. Teachers Advisors LLC now owns 84,287 shares of the real estate investment trust’s stock valued at $5,311,000 after buying an additional 1,743 shares during the last quarter. Macquarie Group Ltd. increased its stake in shares of Ryman Hospitality Properties by 24.0% in the fourth quarter. Macquarie Group Ltd. now owns 16,000 shares of the real estate investment trust’s stock valued at $1,008,000 after buying an additional 3,100 shares during the last quarter. Raymond James Trust N.A. increased its stake in shares of Ryman Hospitality Properties by 16.4% in the first quarter. Raymond James Trust N.A. now owns 8,118 shares of the real estate investment trust’s stock valued at $501,000 after buying an additional 1,142 shares during the last quarter. Finally, Creative Planning increased its stake in shares of Ryman Hospitality Properties by 74.6% in the first quarter. Creative Planning now owns 2,809 shares of the real estate investment trust’s stock valued at $174,000 after buying an additional 1,200 shares during the last quarter. Hedge funds and other institutional investors own 89.18% of the company’s stock.

Shares of Ryman Hospitality Properties, Inc. (RHP) opened at 61.86 on Tuesday. Ryman Hospitality Properties, Inc. has a 12 month low of $47.31 and a 12 month high of $67.97. The company has a market cap of $3.13 billion, a P/E ratio of 19.15 and a beta of 1.15. The firm has a 50-day moving average price of $64.06 and a 200 day moving average price of $63.35.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Monday, June 19th were paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 5.17%. The ex-dividend date of this dividend was Thursday, June 15th. Ryman Hospitality Properties’s payout ratio is 99.07%.

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Several analysts have weighed in on RHP shares. Zacks Investment Research upgraded Ryman Hospitality Properties from a “sell” rating to a “buy” rating and set a $71.00 price objective for the company in a research report on Thursday, May 4th. BidaskClub upgraded Ryman Hospitality Properties from a “hold” rating to a “buy” rating in a research report on Wednesday, June 14th. UBS AG downgraded Ryman Hospitality Properties from an “outperform” rating to a “market perform” rating in a research report on Friday, July 14th. Finally, Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Ryman Hospitality Properties in a research report on Friday, July 14th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $61.60.

In other news, CEO Colin V. Reed sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $63.44, for a total value of $1,903,200.00. Following the completion of the sale, the chief executive officer now directly owns 101,930 shares of the company’s stock, valued at approximately $6,466,439.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Bennett D. Westbrook sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $66.86, for a total value of $668,600.00. Following the sale, the executive vice president now directly owns 18,744 shares of the company’s stock, valued at $1,253,223.84. The disclosure for this sale can be found here. Insiders sold a total of 63,644 shares of company stock valued at $4,085,008 over the last ninety days. Corporate insiders own 3.40% of the company’s stock.

Ryman Hospitality Properties, Inc is a finance company in the Specialized REITs industry.

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

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