Virtus ETF Advisers LLC Makes New Investment in Ryman Hospitality Properties Inc (NYSE:RHP)

Virtus ETF Advisers LLC bought a new position in Ryman Hospitality Properties Inc (NYSE:RHP) during the second quarter, Holdings Channel.com reports. The fund bought 30,870 shares of the real estate investment trust’s stock, valued at approximately $2,503,000.

A number of other hedge funds also recently modified their holdings of RHP. Trust Co. of Vermont bought a new position in Ryman Hospitality Properties in the 2nd quarter worth about $32,000. Huntington National Bank grew its stake in Ryman Hospitality Properties by 75.6% in the 2nd quarter. Huntington National Bank now owns 490 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 211 shares in the last quarter. FMR LLC grew its stake in Ryman Hospitality Properties by 24.5% in the 1st quarter. FMR LLC now owns 997 shares of the real estate investment trust’s stock worth $82,000 after acquiring an additional 196 shares in the last quarter. Advisory Services Network LLC grew its stake in Ryman Hospitality Properties by 15.3% in the 1st quarter. Advisory Services Network LLC now owns 1,004 shares of the real estate investment trust’s stock worth $83,000 after acquiring an additional 133 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new position in Ryman Hospitality Properties in the 2nd quarter worth about $136,000. Institutional investors and hedge funds own 87.34% of the company’s stock.

In other Ryman Hospitality Properties news, CEO Colin V. Reed acquired 13,585 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were purchased at an average cost of $79.30 per share, for a total transaction of $1,077,290.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.30% of the stock is currently owned by company insiders.

Shares of NYSE RHP traded up $0.58 during midday trading on Friday, reaching $82.06. 10,735 shares of the company’s stock traded hands, compared to its average volume of 278,087. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 5.97. The stock’s 50 day simple moving average is $78.74 and its 200-day simple moving average is $80.83. Ryman Hospitality Properties Inc has a one year low of $64.36 and a one year high of $89.50. The company has a market cap of $4.15 billion, a price-to-earnings ratio of 13.99, a P/E/G ratio of 1.87 and a beta of 1.14.

Ryman Hospitality Properties (NYSE:RHP) last released its quarterly earnings data on Tuesday, August 6th. The real estate investment trust reported $0.95 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.88 by ($0.93). Ryman Hospitality Properties had a net margin of 18.20% and a return on equity of 63.53%. The business had revenue of $407.70 million for the quarter, compared to the consensus estimate of $399.41 million. During the same quarter in the prior year, the business posted $1.80 earnings per share. Ryman Hospitality Properties’s revenue for the quarter was up 22.1% on a year-over-year basis. Equities analysts predict that Ryman Hospitality Properties Inc will post 6.79 EPS for the current fiscal year.

A number of equities analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Ryman Hospitality Properties from a “buy” rating to a “hold” rating in a research note on Wednesday. Deutsche Bank reiterated a “buy” rating and set a $99.00 price objective on shares of Ryman Hospitality Properties in a research note on Thursday, August 8th. ValuEngine downgraded shares of Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. dropped their price objective on shares of Ryman Hospitality Properties from $77.00 to $76.00 and set an “underweight” rating on the stock in a research note on Friday, September 6th. Finally, SunTrust Banks dropped their price objective on shares of Ryman Hospitality Properties from $81.00 to $78.00 and set a “hold” rating on the stock in a research note on Friday, August 9th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $89.33.

Ryman Hospitality Properties Company 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 8,114 rooms that are managed by lodging operator Marriott International, Inc under the Gaylord Hotels brand.

See Also: Net Margin

Want to see what other hedge funds are holding RHP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ryman Hospitality Properties Inc (NYSE:RHP).

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

Receive News & Ratings for Ryman Hospitality Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ryman Hospitality Properties and related companies with MarketBeat.com's FREE daily email newsletter.