Public Employees Retirement System of Ohio trimmed its holdings in Ryman Hospitality Properties Inc (NYSE:RHP) by 0.4% during the third quarter, Holdings Channel reports. The institutional investor owned 68,185 shares of the real estate investment trust’s stock after selling 297 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Ryman Hospitality Properties were worth $5,578,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. increased its holdings in Ryman Hospitality Properties by 15.9% during the 2nd quarter. BlackRock Inc. now owns 5,780,521 shares of the real estate investment trust’s stock worth $468,740,000 after purchasing an additional 793,598 shares in the last quarter. Nuveen Asset Management LLC raised its holdings in Ryman Hospitality Properties by 3,984.8% during the 2nd quarter. Nuveen Asset Management LLC now owns 493,734 shares of the real estate investment trust’s stock valued at $40,037,000 after acquiring an additional 481,647 shares during the period. Copper Rock Capital Partners LLC purchased a new position in Ryman Hospitality Properties during the third quarter valued at approximately $22,752,000. Duff & Phelps Investment Management Co. grew its position in shares of Ryman Hospitality Properties by 52.6% during the 2nd quarter. Duff & Phelps Investment Management Co. now owns 589,726 shares of the real estate investment trust’s stock valued at $47,821,000 after purchasing an additional 203,175 shares in the last quarter. Finally, Atria Investments LLC purchased a new stake in shares of Ryman Hospitality Properties in the second quarter worth $10,850,000. 87.69% of the stock is currently owned by hedge funds and other institutional investors.
Shares of RHP opened at $88.09 on Wednesday. Ryman Hospitality Properties Inc has a 1 year low of $64.36 and a 1 year high of $91.57. The company has a debt-to-equity ratio of 8.63, a current ratio of 1.23 and a quick ratio of 1.23. The stock has a 50 day simple moving average of $86.80 and a two-hundred day simple moving average of $81.70. The firm has a market cap of $4.59 billion, a P/E ratio of 15.03, a P/E/G ratio of 1.69 and a beta of 1.13.
RHP has been the subject of several research analyst reports. ValuEngine raised Ryman Hospitality Properties from a “strong sell” rating to a “sell” rating in a research note on Tuesday. Deutsche Bank reaffirmed a “buy” rating and issued a $106.00 price target on shares of Ryman Hospitality Properties in a report on Wednesday, November 6th. Wells Fargo & Co dropped their price target on Ryman Hospitality Properties from $90.00 to $89.00 and set an “outperform” rating for the company in a research report on Friday, October 18th. JPMorgan Chase & Co. lowered 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 report on Friday, September 6th. Finally, Zacks Investment Research raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $89.00.
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 8,114 rooms that are managed by lodging operator Marriott International, Inc under the Gaylord Hotels brand.
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