Pictet Asset Management Ltd. Boosts Position in Ryman Hospitality Properties Inc (NYSE:RHP)

Pictet Asset Management Ltd. increased its stake in Ryman Hospitality Properties Inc (NYSE:RHP) by 15.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,900 shares of the real estate investment trust’s stock after buying an additional 1,200 shares during the period. Pictet Asset Management Ltd.’s holdings in Ryman Hospitality Properties were worth $722,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Advisory Services Network LLC grew its holdings in Ryman Hospitality Properties by 15.3% during the 1st quarter. Advisory Services Network LLC now owns 1,004 shares of the real estate investment trust’s stock worth $83,000 after acquiring an additional 133 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Ryman Hospitality Properties by 0.7% in the 2nd quarter. Janney Montgomery Scott LLC now owns 20,143 shares of the real estate investment trust’s stock valued at $1,633,000 after buying an additional 133 shares in the last quarter. FMR LLC boosted its holdings in shares of Ryman Hospitality Properties by 24.5% in 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. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Ryman Hospitality Properties by 3.6% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 5,914 shares of the real estate investment trust’s stock valued at $486,000 after buying an additional 204 shares in the last quarter. Finally, Huntington National Bank boosted its holdings in shares of Ryman Hospitality Properties by 75.6% in 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. 87.30% of the stock is currently owned by institutional investors.

RHP stock traded up $0.18 during trading on Friday, reaching $81.86. The company had a trading volume of 4,025 shares, compared to its average volume of 250,844. The firm has a 50-day simple moving average of $79.57 and a 200-day simple moving average of $80.77. The company has a market cap of $4.20 billion, a price-to-earnings ratio of 13.94, a price-to-earnings-growth ratio of 1.89 and a beta of 1.14. The company has a debt-to-equity ratio of 5.97, a quick ratio of 1.29 and a current ratio of 1.29. Ryman Hospitality Properties Inc has a twelve month low of $64.36 and a twelve month high of $88.40.

Ryman Hospitality Properties (NYSE:RHP) last released its earnings results on Tuesday, August 6th. The real estate investment trust reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.93). The company had revenue of $407.70 million during the quarter, compared to analyst estimates of $399.41 million. Ryman Hospitality Properties had a return on equity of 63.53% and a net margin of 18.20%. The firm’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same quarter last year, the business earned $1.80 earnings per share. Sell-side analysts expect that Ryman Hospitality Properties Inc will post 6.79 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date is Friday, September 27th. Ryman Hospitality Properties’s dividend payout ratio is presently 61.43%.

RHP has been the topic of a number of recent analyst reports. Zacks Investment Research cut shares of Ryman Hospitality Properties from a “buy” rating to a “hold” rating in a report on Wednesday, September 11th. Deutsche Bank restated a “buy” rating and issued a $99.00 price target on shares of Ryman Hospitality Properties in a report on Thursday, August 8th. SunTrust Banks lowered their price target on shares of Ryman Hospitality Properties from $81.00 to $78.00 and set a “hold” rating on the stock in a report on Friday, August 9th. ValuEngine cut shares of Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Finally, JPMorgan Chase & Co. lowered their target price on shares of Ryman Hospitality Properties from $77.00 to $76.00 and set an “underweight” rating for the company in a research note on Friday, September 6th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Ryman Hospitality Properties currently has a consensus rating of “Hold” and a consensus price target of $86.00.

In other Ryman Hospitality Properties news, CEO Colin V. Reed purchased 13,585 shares of Ryman Hospitality Properties stock in a transaction on Friday, August 9th. The stock was bought at an average cost of $79.30 per share, with a total value of $1,077,290.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 3.30% of the company’s stock.

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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