Three Peaks Capital Management LLC Boosts Stake in Ryman Hospitality Properties Inc (NYSE:RHP)

Three Peaks Capital Management LLC increased its stake in shares of Ryman Hospitality Properties Inc (NYSE:RHP) by 1.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 34,867 shares of the real estate investment trust’s stock after purchasing an additional 523 shares during the period. Three Peaks Capital Management LLC’s holdings in Ryman Hospitality Properties were worth $3,022,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of RHP. FMR LLC boosted its position in shares of Ryman Hospitality Properties by 24.5% during the 1st quarter. FMR LLC now owns 997 shares of the real estate investment trust’s stock worth $82,000 after purchasing an additional 196 shares during the period. Pictet Asset Management Ltd. boosted its position in shares of Ryman Hospitality Properties by 15.6% during the 2nd quarter. Pictet Asset Management Ltd. now owns 8,900 shares of the real estate investment trust’s stock worth $722,000 after purchasing an additional 1,200 shares during the period. MML Investors Services LLC boosted its position in shares of Ryman Hospitality Properties by 11.1% during the 2nd quarter. MML Investors Services LLC now owns 3,612 shares of the real estate investment trust’s stock worth $293,000 after purchasing an additional 362 shares during the period. Parametric Portfolio Associates LLC boosted its position in Ryman Hospitality Properties by 1.2% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 88,789 shares of the real estate investment trust’s stock valued at $7,200,000 after buying an additional 1,092 shares during the period. Finally, Profund Advisors LLC boosted its position in Ryman Hospitality Properties by 18.3% in the 2nd quarter. Profund Advisors LLC now owns 4,373 shares of the real estate investment trust’s stock valued at $355,000 after buying an additional 678 shares during the period. 82.15% of the stock is owned by hedge funds and other institutional investors.

NYSE:RHP traded up $0.11 during midday trading on Friday, hitting $86.74. 1,410 shares of the company were exchanged, compared to its average volume of 262,064. The company has a fifty day simple moving average of $86.66 and a 200 day simple moving average of $82.82. Ryman Hospitality Properties Inc has a fifty-two week low of $70.83 and a fifty-two week high of $91.57. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 8.63. The company has a market capitalization of $4.68 billion, a PE ratio of 14.81, a price-to-earnings-growth ratio of 2.28 and a beta of 1.12.

Ryman Hospitality Properties (NYSE:RHP) last announced its quarterly earnings results on Tuesday, November 5th. The real estate investment trust reported $0.43 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.44 by ($1.01). Ryman Hospitality Properties had a return on equity of 62.86% and a net margin of 17.14%. The company had revenue of $379.79 million for the quarter, compared to analyst estimates of $370.70 million. During the same quarter in the prior year, the business earned $1.23 earnings per share. Ryman Hospitality Properties’s revenue was up 30.0% compared to the same quarter last year. As a group, equities research analysts expect that Ryman Hospitality Properties Inc will post 6.9 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a dividend of $0.90 per share. The ex-dividend date of this dividend was Monday, December 30th. This represents a $3.60 annualized dividend and a yield of 4.15%. Ryman Hospitality Properties’s dividend payout ratio is currently 61.43%.

A number of equities research analysts have recently weighed in on RHP shares. SunTrust Banks reduced their price objective on shares of Ryman Hospitality Properties from $85.00 to $83.00 and set a “hold” rating on the stock in a report on Friday, November 29th. Zacks Investment Research lowered shares of Ryman Hospitality Properties from a “buy” rating to a “sell” rating in a report on Tuesday. Wells Fargo & Co reduced their price objective on shares of Ryman Hospitality Properties from $95.00 to $93.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. Deutsche Bank restated a “buy” rating and issued a $106.00 price objective on shares of Ryman Hospitality Properties in a report on Wednesday, November 6th. Finally, ValuEngine upgraded shares of Ryman Hospitality Properties from a “strong sell” rating to a “sell” rating in a report on Tuesday, December 3rd. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $89.80.

In related news, CEO Colin V. Reed purchased 6,426 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were purchased at an average cost of $86.01 per share, for a total transaction of $552,700.26. The purchase was disclosed in a document filed with the SEC, which is available through this link. 3.30% of the stock is owned by company insiders.

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

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