Great West Life Assurance Co. Can reduced its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 38.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,267 shares of the real estate investment trust’s stock after selling 18,081 shares during the period. Great West Life Assurance Co. Can owned approximately 0.06% of Ryman Hospitality Properties worth $1,872,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Teachers Advisors LLC raised its stake in Ryman Hospitality Properties by 2.1% in the fourth quarter. Teachers Advisors LLC now owns 84,287 shares of the real estate investment trust’s stock valued at $5,311,000 after buying an additional 1,743 shares during the last quarter. Macquarie Group Ltd. raised its stake in Ryman Hospitality Properties by 24.0% in the fourth quarter. Macquarie Group Ltd. now owns 16,000 shares of the real estate investment trust’s stock valued at $1,008,000 after buying an additional 3,100 shares during the last quarter. Creative Planning raised its stake in Ryman Hospitality Properties by 74.6% in the first quarter. Creative Planning now owns 2,809 shares of the real estate investment trust’s stock valued at $174,000 after buying an additional 1,200 shares during the last quarter. Bank of Montreal Can raised its stake in Ryman Hospitality Properties by 10.6% in the first quarter. Bank of Montreal Can now owns 37,530 shares of the real estate investment trust’s stock valued at $2,320,000 after buying an additional 3,611 shares during the last quarter. Finally, James Investment Research Inc. acquired a new stake in Ryman Hospitality Properties during the first quarter valued at approximately $141,000. 86.92% of the stock is currently owned by institutional investors.

Ryman Hospitality Properties, Inc. (NYSE RHP) opened at 58.93 on Monday. The firm has a 50 day moving average of $61.26 and a 200-day moving average of $63.02. Ryman Hospitality Properties, Inc. has a 12 month low of $47.31 and a 12 month high of $67.97. The firm has a market cap of $2.98 billion, a P/E ratio of 18.65 and a beta of 1.15.

Ryman Hospitality Properties (NYSE:RHP) last announced its earnings results on Tuesday, August 8th. The real estate investment trust reported $1.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.52 by $0.03. The firm had revenue of $298.80 million during the quarter, compared to analyst estimates of $296.01 million. Ryman Hospitality Properties had a net margin of 13.86% and a return on equity of 46.19%. Ryman Hospitality Properties’s revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.59 EPS. On average, equities research analysts forecast that Ryman Hospitality Properties, Inc. will post $3.02 earnings per share for the current year.

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Several equities research analysts have commented on RHP shares. Zacks Investment Research raised shares of Ryman Hospitality Properties from a “sell” rating to a “buy” rating and set a $71.00 price target on the stock in a report on Thursday, May 4th. BidaskClub upgraded shares of Ryman Hospitality Properties from a “hold” rating to a “buy” rating in a research report on Wednesday, June 14th. UBS AG downgraded shares of Ryman Hospitality Properties from an “outperform” rating to a “market perform” rating in a research report on Friday, July 14th. Finally, Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Ryman Hospitality Properties in a research report on Friday, July 14th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $64.40.

In other news, CEO Colin V. Reed sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $63.44, for a total transaction of $1,903,200.00. Following the completion of the transaction, the chief executive officer now owns 101,930 shares in the company, valued at approximately $6,466,439.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Colin V. Reed sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $63.17, for a total transaction of $631,700.00. Following the transaction, the chief executive officer now owns 101,930 shares of the company’s stock, valued at approximately $6,438,918.10. The disclosure for this sale can be found here. Insiders sold a total of 63,644 shares of company stock valued at $4,085,008 in the last quarter. 3.40% of the stock is currently owned by insiders.

Ryman Hospitality Properties Company Profile

Ryman Hospitality Properties, Inc owns and operates hotels in the United States. Its Hospitality segment operates a network of meetings-focused resorts, including the Gaylord Opryland Resort and Convention Center in Nashville, Tennessee; the Gaylord Opryland Resort and Convention Center in Kissimmee, Florida; the Gaylord Texan Resort and Convention Center in Grapevine, Texas; and the Gaylord National Resort and Convention Center in Prince George’s County, Maryland.

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

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