TIAA CREF Investment Management LLC Trims Position in Ryman Hospitality Properties, Inc. (RHP)

TIAA CREF Investment Management LLC reduced its position in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 9.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 119,715 shares of the real estate investment trust’s stock after selling 13,007 shares during the quarter. TIAA CREF Investment Management LLC owned approximately 0.23% of Ryman Hospitality Properties worth $7,663,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. UBS Asset Management Americas Inc. lifted its holdings in shares of Ryman Hospitality Properties by 24.0% during the first quarter. UBS Asset Management Americas Inc. now owns 96,148 shares of the real estate investment trust’s stock valued at $5,945,000 after acquiring an additional 18,617 shares during the period. Karp Capital Management Corp bought a new position in shares of Ryman Hospitality Properties during the first quarter valued at $562,000. SG Americas Securities LLC lifted its holdings in shares of Ryman Hospitality Properties by 128.5% during the first quarter. SG Americas Securities LLC now owns 8,786 shares of the real estate investment trust’s stock valued at $543,000 after acquiring an additional 4,941 shares during the period. American International Group Inc. lifted its holdings in shares of Ryman Hospitality Properties by 5.1% during the first quarter. American International Group Inc. now owns 26,272 shares of the real estate investment trust’s stock valued at $1,624,000 after acquiring an additional 1,277 shares during the period. Finally, Neuberger Berman Group LLC lifted its holdings in shares of Ryman Hospitality Properties by 20.3% during the first quarter. Neuberger Berman Group LLC now owns 138,640 shares of the real estate investment trust’s stock valued at $8,572,000 after acquiring an additional 23,420 shares during the period. 86.87% of the stock is owned by hedge funds and other institutional investors.

In related news, CEO Colin V. Reed sold 19,280 shares of the company’s stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $63.30, for a total transaction of $1,220,424.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Colin V. Reed sold 10,000 shares of the company’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $63.90, for a total value of $639,000.00. Following the sale, the chief executive officer now owns 101,930 shares of the company’s stock, valued at $6,513,327. The disclosure for this sale can be found here. Over the last three months, insiders have sold 69,280 shares of company stock worth $4,394,324. 3.40% of the stock is currently owned by insiders.

A number of brokerages have issued reports on RHP. UBS AG cut Ryman Hospitality Properties from an “outperform” rating to a “market perform” rating in a report on Friday, July 14th. BidaskClub cut Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Zacks Investment Research cut Ryman Hospitality Properties from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Raymond James Financial, Inc. reissued a “market perform” rating on shares of Ryman Hospitality Properties in a report on Friday, July 14th. Finally, Deutsche Bank AG reissued a “buy” rating and set a $70.00 price objective (down from $71.00) on shares of Ryman Hospitality Properties in a report on Thursday, August 10th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Ryman Hospitality Properties has a consensus rating of “Hold” and an average price target of $64.40.

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Ryman Hospitality Properties, Inc. (NYSE RHP) opened at 64.08 on Wednesday. Ryman Hospitality Properties, Inc. has a one year low of $48.29 and a one year high of $67.97. The company has a market capitalization of $3.25 billion, a PE ratio of 20.28 and a beta of 1.17. The firm’s 50 day moving average price is $60.78 and its 200-day moving average price is $62.40.

Ryman Hospitality Properties (NYSE:RHP) last released its earnings results on Tuesday, August 8th. The real estate investment trust reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.03. The company 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%. Ryman Hospitality Properties’s quarterly revenue was up .9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.59 EPS. Equities analysts forecast that Ryman Hospitality Properties, Inc. will post $3.02 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 4.99%. The ex-dividend date of this dividend is Thursday, September 28th. Ryman Hospitality Properties’s dividend payout ratio (DPR) is currently 101.59%.

Ryman Hospitality Properties Company 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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