7,100 Shares in Ryman Hospitality Properties, Inc. (NYSE:RHP) Bought by Paradigm Asset Management Co. LLC

Paradigm Asset Management Co. LLC acquired a new stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) during the 4th quarter, HoldingsChannel reports. The firm acquired 7,100 shares of the real estate investment trust’s stock, valued at approximately $741,000.

Other large investors have also bought and sold shares of the company. Creative Planning raised its holdings in shares of Ryman Hospitality Properties by 6.4% in the third quarter. Creative Planning now owns 5,350 shares of the real estate investment trust’s stock valued at $574,000 after purchasing an additional 323 shares during the last quarter. Blue Trust Inc. grew its position in Ryman Hospitality Properties by 183.1% in the 3rd quarter. Blue Trust Inc. now owns 685 shares of the real estate investment trust’s stock worth $68,000 after purchasing an additional 443 shares in the last quarter. Raymond James & Associates increased its stake in Ryman Hospitality Properties by 34.3% in the 3rd quarter. Raymond James & Associates now owns 25,679 shares of the real estate investment trust’s stock valued at $2,754,000 after buying an additional 6,563 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Ryman Hospitality Properties by 35.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,208 shares of the real estate investment trust’s stock worth $241,000 after buying an additional 574 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Ryman Hospitality Properties by 16.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 5,496 shares of the real estate investment trust’s stock worth $589,000 after buying an additional 795 shares in the last quarter. 94.48% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on RHP shares. StockNews.com downgraded Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research report on Friday. Jefferies Financial Group initiated coverage on Ryman Hospitality Properties in a research note on Wednesday, November 6th. They issued a “buy” rating and a $130.00 price objective for the company. Wells Fargo & Company lowered their target price on Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating on the stock in a research note on Tuesday. BMO Capital Markets started coverage on shares of Ryman Hospitality Properties in a report on Monday, December 9th. They issued an “outperform” rating and a $133.00 price target on the stock. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $100.00 price objective on shares of Ryman Hospitality Properties in a research report on Friday, December 13th. Two research analysts have rated the stock with a sell rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Ryman Hospitality Properties has a consensus rating of “Hold” and a consensus price target of $126.17.

Ryman Hospitality Properties Stock Down 5.0 %

RHP stock opened at $98.48 on Friday. The stock has a fifty day moving average of $104.26 and a 200-day moving average of $106.89. Ryman Hospitality Properties, Inc. has a fifty-two week low of $93.76 and a fifty-two week high of $122.91. The company has a market capitalization of $5.90 billion, a price-to-earnings ratio of 17.49, a PEG ratio of 2.70 and a beta of 1.67. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.73 and a current ratio of 1.73.

Ryman Hospitality Properties (NYSE:RHP) last issued its earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.94. The firm had revenue of $647.63 million during the quarter, compared to analyst estimates of $656.01 million. Ryman Hospitality Properties had a net margin of 14.84% and a return on equity of 61.94%. As a group, equities research analysts predict that Ryman Hospitality Properties, Inc. will post 8.48 earnings per share for the current year.

Ryman Hospitality Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $1.15 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $4.60 dividend on an annualized basis and a yield of 4.67%. Ryman Hospitality Properties’s dividend payout ratio is 81.71%.

About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and entertainment experiences. The Company's holdings include Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; Gaylord National Resort & Convention Center; and Gaylord Rockies Resort & Convention Center, five of the top seven largest non-gaming convention center hotels in the United States based on total indoor meeting space.