Reinhart Partners Inc. increased its position in shares of Ryman Hospitality Properties Inc (NYSE:RHP) by 4.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 330,534 shares of the real estate investment trust’s stock after purchasing an additional 14,944 shares during the period. Ryman Hospitality Properties makes up 2.5% of Reinhart Partners Inc.’s portfolio, making the stock its 11th largest holding. Reinhart Partners Inc. owned about 0.64% of Ryman Hospitality Properties worth $27,041,000 at the end of the most recent quarter.
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Other hedge funds have also recently added to or reduced their stakes in the company. Trust Co. of Vermont purchased a new position in shares of Ryman Hospitality Properties during the 2nd quarter worth about $32,000. TCI Wealth Advisors Inc. bought a new stake in Ryman Hospitality Properties during the 3rd quarter valued at about $33,000. Huntington National Bank lifted its holdings in Ryman Hospitality Properties by 75.6% during the 2nd quarter. Huntington National Bank now owns 490 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 211 shares in the last quarter. HM Payson & Co. bought a new stake in Ryman Hospitality Properties during the 2nd quarter valued at about $41,000. Finally, FMR LLC lifted its holdings in Ryman Hospitality Properties by 24.5% during the 1st quarter. FMR LLC now owns 997 shares of the real estate investment trust’s stock valued at $82,000 after buying an additional 196 shares in the last quarter. 87.56% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:RHP traded up $0.10 during trading hours on Friday, hitting $87.75. The company’s stock had a trading volume of 124,355 shares, compared to its average volume of 248,772. Ryman Hospitality Properties Inc has a 52 week low of $64.36 and a 52 week high of $91.15. 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 company has a market capitalization of $4.51 billion, a price-to-earnings ratio of 13.18, a P/E/G ratio of 1.67 and a beta of 1.13. The firm’s fifty day moving average price is $84.19 and its 200 day moving average price is $81.16.
Ryman Hospitality Properties (NYSE:RHP) last posted its quarterly earnings results on Tuesday, November 5th. The real estate investment trust reported $0.43 EPS for the quarter, missing the consensus estimate of $1.44 by ($1.01). Ryman Hospitality Properties had a net margin of 17.14% and a return on equity of 62.86%. The business had revenue of $379.79 million during the quarter, compared to the consensus estimate of $370.70 million. During the same quarter in the prior year, the firm posted $1.23 EPS. The company’s revenue for the quarter was up 30.0% compared to the same quarter last year. On average, equities research analysts predict that Ryman Hospitality Properties Inc will post 6.85 earnings per share for the current fiscal year.
A number of brokerages recently weighed in on RHP. SunTrust Banks lifted their price objective on shares of Ryman Hospitality Properties to $85.00 and gave the company a “hold” rating in a report on Monday, November 11th. Deutsche Bank reiterated a “buy” rating and set a $106.00 price objective on shares of Ryman Hospitality Properties in a report on Wednesday, November 6th. Wells Fargo & Co lifted their price objective on shares of Ryman Hospitality Properties from $89.00 to $95.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Zacks Investment Research upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Finally, ValuEngine lowered shares of Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $90.60.
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.
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