Nisa Investment Advisors LLC Boosts Holdings in Ryman Hospitality Properties Inc (RHP)

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Nisa Investment Advisors LLC raised its position in shares of Ryman Hospitality Properties Inc (NYSE:RHP) by 167.0% in the first quarter, HoldingsChannel.com reports. The fund owned 2,630 shares of the real estate investment trust’s stock after buying an additional 1,645 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Ryman Hospitality Properties were worth $216,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Aurora Investment Counsel grew its position in Ryman Hospitality Properties by 4.7% during the fourth quarter. Aurora Investment Counsel now owns 22,743 shares of the real estate investment trust’s stock valued at $1,517,000 after acquiring an additional 1,016 shares during the period. Vanguard Group Inc. grew its position in Ryman Hospitality Properties by 2.1% during the third quarter. Vanguard Group Inc. now owns 7,881,444 shares of the real estate investment trust’s stock valued at $679,145,000 after acquiring an additional 159,056 shares during the period. Boston Advisors LLC grew its position in Ryman Hospitality Properties by 4.8% during the fourth quarter. Boston Advisors LLC now owns 56,840 shares of the real estate investment trust’s stock valued at $3,791,000 after acquiring an additional 2,614 shares during the period. Duff & Phelps Investment Management Co. purchased a new stake in Ryman Hospitality Properties during the fourth quarter valued at about $16,893,000. Finally, Thrivent Financial for Lutherans grew its position in Ryman Hospitality Properties by 228.3% during the fourth quarter. Thrivent Financial for Lutherans now owns 15,100 shares of the real estate investment trust’s stock valued at $1,007,000 after acquiring an additional 10,500 shares during the period. 88.18% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have issued reports on RHP. Zacks Investment Research raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Wednesday, February 13th. ValuEngine downgraded Ryman Hospitality Properties from a “buy” rating to a “hold” rating in a research report on Thursday, February 28th. Deutsche Bank upped their target price on Ryman Hospitality Properties from $94.00 to $98.00 and gave the stock a “buy” rating in a research report on Monday, February 11th. Finally, Raymond James raised Ryman Hospitality Properties from a “market perform” rating to an “outperform” rating in a research report on Tuesday, January 8th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $91.40.

In related news, CEO Colin V. Reed bought 6,106 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was bought at an average price of $82.46 per share, with a total value of $503,500.76. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Jennifer L. Hutcheson sold 1,892 shares of the stock in a transaction dated 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 directly owns 5,818 shares of the company’s stock, valued at approximately $479,345.02. The disclosure for this sale can be found here. 3.30% of the stock is owned by corporate insiders.

Shares of NYSE RHP opened at $80.24 on Friday. Ryman Hospitality Properties Inc has a 1-year low of $64.36 and a 1-year high of $90.02. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 5.20. The stock has a market capitalization of $4.13 billion, a PE ratio of 13.69, a P/E/G ratio of 1.25 and a beta of 1.32.

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were given a $0.90 dividend. This is an increase from Ryman Hospitality Properties’s previous quarterly dividend of $0.85. The ex-dividend date was Thursday, March 28th. This represents a $3.60 annualized dividend and a dividend yield of 4.49%. Ryman Hospitality Properties’s dividend payout ratio is presently 61.43%.

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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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