MetLife Investment Advisors LLC Has $1.48 Million Holdings in Ryman Hospitality Properties Inc (RHP)

MetLife Investment Advisors LLC cut its stake in Ryman Hospitality Properties Inc (NYSE:RHP) by 6.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,054 shares of the real estate investment trust’s stock after selling 1,386 shares during the period. MetLife Investment Advisors LLC’s holdings in Ryman Hospitality Properties were worth $1,476,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. BlackRock Inc. increased its position in Ryman Hospitality Properties by 1.1% in the fourth quarter. BlackRock Inc. now owns 4,626,347 shares of the real estate investment trust’s stock worth $319,310,000 after buying an additional 48,437 shares during the period. Northern Trust Corp increased its position in Ryman Hospitality Properties by 3.5% in the first quarter. Northern Trust Corp now owns 951,598 shares of the real estate investment trust’s stock worth $73,701,000 after buying an additional 32,057 shares during the period. Dimensional Fund Advisors LP increased its position in Ryman Hospitality Properties by 4.1% in the first quarter. Dimensional Fund Advisors LP now owns 711,147 shares of the real estate investment trust’s stock worth $55,078,000 after buying an additional 27,972 shares during the period. Schwab Charles Investment Management Inc. increased its position in Ryman Hospitality Properties by 5.5% in the first quarter. Schwab Charles Investment Management Inc. now owns 677,335 shares of the real estate investment trust’s stock worth $52,460,000 after buying an additional 35,362 shares during the period. Finally, Geode Capital Management LLC increased its position in Ryman Hospitality Properties by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 578,731 shares of the real estate investment trust’s stock worth $39,944,000 after buying an additional 12,039 shares during the period. 86.53% of the stock is currently owned by hedge funds and other institutional investors.

RHP has been the topic of several analyst reports. SunTrust Banks increased their target price on Ryman Hospitality Properties to $70.00 and gave the stock an “outperform” rating in a research report on Monday, February 26th. They noted that the move was a valuation call. Deutsche Bank increased their target price on Ryman Hospitality Properties from $81.00 to $83.00 and gave the stock a “buy” rating in a research report on Monday, February 26th. Bank of America increased their target price on Ryman Hospitality Properties from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Monday, February 26th. Citigroup increased their target price on Ryman Hospitality Properties from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, March 1st. Finally, ValuEngine raised Ryman Hospitality Properties from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 1st. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Ryman Hospitality Properties currently has an average rating of “Buy” and a consensus target price of $82.17.

In other Ryman Hospitality Properties news, CEO Colin V. Reed purchased 6,142 shares of the stock in a transaction dated Tuesday, April 17th. The shares were bought at an average cost of $79.34 per share, with a total value of $487,306.28. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jennifer L. Hutcheson sold 2,428 shares of the firm’s stock in a transaction on Tuesday, June 19th. The shares were sold at an average price of $83.15, for a total value of $201,888.20. Following the transaction, the senior vice president now directly owns 7,763 shares in the company, valued at $645,493.45. The disclosure for this sale can be found here. Insiders have sold 21,928 shares of company stock worth $1,809,048 over the last three months. Corporate insiders own 3.20% of the company’s stock.

Shares of Ryman Hospitality Properties opened at $84.09 on Monday, according to MarketBeat Ratings. The firm has a market cap of $4.24 billion, a PE ratio of 15.12, a price-to-earnings-growth ratio of 1.88 and a beta of 1.23. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 4.58. Ryman Hospitality Properties Inc has a one year low of $57.78 and a one year high of $85.77.

Ryman Hospitality Properties (NYSE:RHP) last issued its quarterly earnings results on Tuesday, May 1st. The real estate investment trust reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.66). The business had revenue of $288.40 million for the quarter, compared to analyst estimates of $283.46 million. Ryman Hospitality Properties had a net margin of 14.27% and a return on equity of 48.28%. Ryman Hospitality Properties’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period last year, the business posted $1.22 earnings per share. sell-side analysts anticipate that Ryman Hospitality Properties Inc will post 5.9 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 16th. Stockholders of record on Friday, June 29th will be issued a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date is Thursday, June 28th. Ryman Hospitality Properties’s dividend payout ratio (DPR) is 61.15%.

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 7,811 rooms that are managed by lodging operator Marriott International, Inc under the Gaylord Hotels brand.

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

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