Ryman Hospitality Properties (RHP) Shares Sold by Neuberger Berman Group LLC

Neuberger Berman Group LLC reduced its position in shares of Ryman Hospitality Properties (NYSE:RHP) by 2.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 155,939 shares of the real estate investment trust’s stock after selling 4,363 shares during the period. Neuberger Berman Group LLC owned about 0.30% of Ryman Hospitality Properties worth $12,078,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RHP. Strs Ohio boosted its position in shares of Ryman Hospitality Properties by 2.8% during the fourth quarter. Strs Ohio now owns 70,033 shares of the real estate investment trust’s stock worth $4,833,000 after buying an additional 1,908 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of Ryman Hospitality Properties by 17,389.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 13,817 shares of the real estate investment trust’s stock worth $954,000 after buying an additional 13,738 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Ryman Hospitality Properties by 19.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,500 shares of the real estate investment trust’s stock worth $311,000 after buying an additional 726 shares during the period. Parametrica Management Ltd purchased a new position in shares of Ryman Hospitality Properties during the fourth quarter worth $284,000. Finally, Quantitative Systematic Strategies LLC purchased a new position in shares of Ryman Hospitality Properties during the fourth quarter worth $400,000. Institutional investors and hedge funds own 86.63% of the company’s stock.

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Several research firms have recently commented on RHP. Citigroup upgraded Ryman Hospitality Properties from a “neutral” rating to a “buy” rating and set a $86.00 price target for the company in a research report on Friday, April 6th. ValuEngine upgraded Ryman Hospitality Properties from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 1st. Bank of America raised their price target on Ryman Hospitality Properties from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Monday, February 26th. Deutsche Bank raised their price target on Ryman Hospitality Properties from $81.00 to $83.00 and gave the stock a “buy” rating in a research report on Monday, February 26th. Finally, SunTrust Banks raised their price target on Ryman Hospitality Properties to $70.00 and gave the stock an “outperform” rating in a research report on Monday, February 26th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Ryman Hospitality Properties currently has a consensus rating of “Buy” and an average price target of $78.83.

In other Ryman Hospitality Properties news, EVP Bennett D. Westbrook sold 5,000 shares of Ryman Hospitality Properties stock in a transaction dated Monday, May 21st. The stock was sold at an average price of $81.81, for a total transaction of $409,050.00. Following the completion of the sale, the executive vice president now directly owns 14,466 shares of the company’s stock, valued at approximately $1,183,463.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Colin V. Reed purchased 6,142 shares of the firm’s stock in a transaction on Tuesday, April 17th. The shares were acquired at an average cost of $79.34 per share, with a total value of $487,306.28. The disclosure for this purchase can be found here. Company insiders own 3.20% of the company’s stock.

Ryman Hospitality Properties opened at $82.58 on Tuesday, MarketBeat Ratings reports. The firm has a market capitalization of $4.23 billion, a P/E ratio of 14.85, a P/E/G ratio of 1.88 and a beta of 1.18. Ryman Hospitality Properties has a 12-month low of $57.78 and a 12-month high of $83.20. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 4.58.

Ryman Hospitality Properties (NYSE:RHP) last released its earnings results on Tuesday, May 1st. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.19 by ($0.66). The company had revenue of $288.40 million during the quarter, compared to analysts’ expectations of $283.46 million. Ryman Hospitality Properties had a net margin of 14.27% and a return on equity of 48.28%. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter last year, the business posted $1.22 earnings per share. equities research analysts predict that Ryman Hospitality Properties will post 5.91 earnings per share for the current year.

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 7,811 rooms that are managed by lodging operator Marriott International, Inc under the Gaylord Hotels brand.

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