Overbrook Management Corp lowered its stake in Ryman Hospitality Properties Inc (NYSE:RHP) by 32.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 374,742 shares of the real estate investment trust’s stock after selling 176,105 shares during the quarter. Ryman Hospitality Properties comprises about 5.9% of Overbrook Management Corp’s portfolio, making the stock its 4th biggest holding. Overbrook Management Corp owned about 0.73% of Ryman Hospitality Properties worth $31,160,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Fort Washington Investment Advisors Inc. OH purchased a new stake in Ryman Hospitality Properties during the first quarter worth about $201,000. Zeke Capital Advisors LLC purchased a new stake in Ryman Hospitality Properties during the first quarter worth about $203,000. Signature Financial Management Inc. purchased a new stake in Ryman Hospitality Properties during the first quarter worth about $206,000. Pecaut & CO. purchased a new stake in Ryman Hospitality Properties during the second quarter worth about $208,000. Finally, Commonwealth Equity Services LLC purchased a new stake in Ryman Hospitality Properties during the first quarter worth about $225,000. 83.90% of the stock is currently owned by institutional investors.

RHP stock opened at $85.14 on Friday. The company has a debt-to-equity ratio of 4.48, a quick ratio of 1.28 and a current ratio of 1.28. Ryman Hospitality Properties Inc has a fifty-two week low of $58.01 and a fifty-two week high of $86.83. The company has a market cap of $4.29 billion, a P/E ratio of 15.31, a PEG ratio of 1.89 and a beta of 1.34.

Ryman Hospitality Properties (NYSE:RHP) last released its earnings results on Tuesday, August 7th. The real estate investment trust reported $1.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.76 by ($0.68). Ryman Hospitality Properties had a return on equity of 48.96% and a net margin of 14.53%. The firm had revenue of $333.90 million for the quarter, compared to analysts’ expectations of $329.60 million. During the same quarter in the previous year, the company posted $1.55 earnings per share. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. analysts anticipate that Ryman Hospitality Properties Inc will post 5.92 EPS for the current year.

In related news, SVP Jennifer L. Hutcheson sold 2,428 shares of the company’s stock in a transaction that occurred on Tuesday, June 19th. The shares were sold at an average price of $83.15, for a total transaction of $201,888.20. Following the sale, the senior vice president now directly owns 7,763 shares in the company, valued at $645,493.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Patrick S. Chaffin sold 12,000 shares of the company’s stock in a transaction that occurred on Friday, May 25th. The stock was sold at an average price of $82.48, for a total transaction of $989,760.00. Following the sale, the senior vice president now owns 11,575 shares in the company, valued at $954,706. The disclosure for this sale can be found here. Insiders have sold 21,928 shares of company stock worth $1,809,048 over the last 90 days. Insiders own 3.20% of the company’s stock.

RHP has been the topic of a number of recent research reports. Wells Fargo & Co reiterated a “buy” rating on shares of Ryman Hospitality Properties in a research note on Friday, June 1st. ValuEngine lowered shares of Ryman Hospitality Properties from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 2nd. Finally, Zacks Investment Research upgraded shares of Ryman Hospitality Properties from a “hold” rating to a “buy” rating and set a $93.00 price target on the stock in a research note on Tuesday, June 19th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $82.17.

About Ryman Hospitality Properties

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 7,811 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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