Marshall Wace LLP Invests $833,000 in Ryman Hospitality Properties Inc (NYSE:RHP)

Marshall Wace LLP bought a new stake in Ryman Hospitality Properties Inc (NYSE:RHP) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 10,128 shares of the real estate investment trust’s stock, valued at approximately $833,000.

Other institutional investors have also recently bought and sold shares of the company. Resources Investment Advisors Inc. purchased a new stake in shares of Ryman Hospitality Properties in the 4th quarter valued at about $25,000. Pinnacle Financial Partners Inc. acquired a new position in Ryman Hospitality Properties in the 1st quarter valued at about $75,000. Advisor Group Inc. increased its position in Ryman Hospitality Properties by 18.8% in the 4th quarter. Advisor Group Inc. now owns 1,723 shares of the real estate investment trust’s stock valued at $116,000 after acquiring an additional 273 shares during the period. Fiduciary Trust Co. acquired a new position in Ryman Hospitality Properties in the 1st quarter valued at about $206,000. Finally, ARP Americas LP acquired a new position in Ryman Hospitality Properties in the 4th quarter valued at about $207,000. 87.00% of the stock is owned by institutional investors and hedge funds.

Separately, JPMorgan Chase & Co. began coverage on Pinduoduo in a research report on Tuesday, July 9th. They issued an “underweight” rating and a $20.48 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $89.00.

NYSE RHP traded down $0.52 on Friday, hitting $75.35. 230,218 shares of the company’s stock were exchanged, compared to its average volume of 282,038. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 5.88. The firm has a 50-day moving average price of $79.40. Ryman Hospitality Properties Inc has a fifty-two week low of $64.36 and a fifty-two week high of $90.02. The stock has a market cap of $3.90 billion, a price-to-earnings ratio of 12.86, a price-to-earnings-growth ratio of 2.04 and a beta of 1.17.

Ryman Hospitality Properties (NYSE:RHP) last released its earnings results on Tuesday, May 7th. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.42 by ($0.85). Ryman Hospitality Properties had a return on equity of 67.41% and a net margin of 19.65%. The business had revenue of $370.80 million for the quarter, compared to analyst estimates of $363.63 million. During the same quarter in the previous year, the firm posted $1.18 EPS. The business’s revenue for the quarter was up 28.6% on a year-over-year basis. As a group, equities analysts expect that Ryman Hospitality Properties Inc will post 6.71 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 4.78%. The ex-dividend date of this dividend was Thursday, June 27th. Ryman Hospitality Properties’s payout ratio is 61.43%.

In other Ryman Hospitality Properties news, EVP Scott J. Lynn sold 3,250 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $83.05, for a total transaction of $269,912.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 3.30% of the company’s stock.

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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