Brasada Capital Management LP Reduces Stake in Ryman Hospitality Properties Inc (RHP)

Brasada Capital Management LP lowered its stake in Ryman Hospitality Properties Inc (NYSE:RHP) by 1.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,315 shares of the real estate investment trust’s stock after selling 390 shares during the quarter. Brasada Capital Management LP owned approximately 0.05% of Ryman Hospitality Properties worth $2,164,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of RHP. Norges Bank bought a new position in shares of Ryman Hospitality Properties in the fourth quarter worth about $34,191,000. Duff & Phelps Investment Management Co. bought a new position in shares of Ryman Hospitality Properties in the fourth quarter worth about $16,893,000. Zimmer Partners LP bought a new position in shares of Ryman Hospitality Properties in the fourth quarter worth about $14,733,000. BlackRock Inc. lifted its holdings in shares of Ryman Hospitality Properties by 3.9% in the fourth quarter. BlackRock Inc. now owns 4,964,938 shares of the real estate investment trust’s stock worth $331,113,000 after acquiring an additional 188,483 shares during the last quarter. Finally, Prudential Financial Inc. lifted its holdings in shares of Ryman Hospitality Properties by 31.4% in the fourth quarter. Prudential Financial Inc. now owns 694,806 shares of the real estate investment trust’s stock worth $46,337,000 after acquiring an additional 166,021 shares during the last quarter. 88.52% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have recently commented on RHP. Zacks Investment Research cut shares of Ryman Hospitality Properties from a “buy” rating to a “hold” rating in a report on Friday, March 8th. Deutsche Bank increased their target price on shares of Ryman Hospitality Properties from $94.00 to $98.00 and gave the stock a “buy” rating in a report on Monday, February 11th. Finally, ValuEngine cut shares of Ryman Hospitality Properties from a “buy” rating to a “hold” rating in a report on Thursday, February 28th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Ryman Hospitality Properties currently has an average rating of “Buy” and a consensus target price of $91.40.

In related news, CAO Jennifer L. Hutcheson sold 1,892 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $82.39, for a total value of $155,881.88. Following the completion of the transaction, the chief accounting officer now owns 5,818 shares in the company, valued at approximately $479,345.02. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Patrick S. Chaffin sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $83.39, for a total transaction of $166,780.00. Following the completion of the transaction, the executive vice president now owns 14,759 shares of the company’s stock, valued at approximately $1,230,753.01. The disclosure for this sale can be found here. 3.30% of the stock is owned by company insiders.

Shares of NYSE RHP opened at $84.01 on Tuesday. The company has a market capitalization of $4.35 billion, a P/E ratio of 14.34, a price-to-earnings-growth ratio of 1.29 and a beta of 1.32. Ryman Hospitality Properties Inc has a 1 year low of $64.36 and a 1 year high of $90.02. The company has a debt-to-equity ratio of 5.88, a current ratio of 1.16 and a quick ratio of 1.23.

Ryman Hospitality Properties (NYSE:RHP) last issued its quarterly earnings data on Tuesday, May 7th. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.85). The business had revenue of $370.80 million during the quarter, compared to the consensus estimate of $363.63 million. Ryman Hospitality Properties had a net margin of 19.65% and a return on equity of 67.41%. The firm’s quarterly revenue was up 28.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.18 EPS. Analysts forecast that Ryman Hospitality Properties Inc will post 6.71 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 4.29%. The ex-dividend date was Thursday, March 28th. This is a positive change from Ryman Hospitality Properties’s previous quarterly dividend of $0.85. Ryman Hospitality Properties’s dividend payout ratio (DPR) is 61.43%.

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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 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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