Amalgamated Bank increased its stake in Ryman Hospitality Properties Inc. (NYSE: RHP) by 15.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The company owned 6,827 shares in the stock of the real estate fund after purchasing additional 914 shares during the quarter. The interests of Amalgamated Bank in Ryman Hospitality Properties were worth $ 568,000 at the end of the most recent quarter.
A number of other institutional investors have also recently changed their positions in the shares. Fort Washington Investment Advisors Inc. OH bought a new position in shares of Ryman Hospitality Properties during the first quarter, valued at approximately $ 201,000. Zeke Capital Advisors LLC acquired a new share in Ryman Hospitality Properties shares worth approximately $ 203,000 during the first quarter. Signature Financial Management Inc. bought a new share in shares of Ryman Hospitality Properties in the first quarter of approximately $ 206,000. Commonwealth Equity Services LLC acquired a new share in Ryman Hospitality Properties shares worth approximately $ 225,000 during the first quarter. Finally, Hillsdale bought Investment Management Inc. a new equity stake in Ryman Hospitality Properties during the first quarter, worth approximately $ 294,000. 85.90% of the shares are currently held by institutional investors.
A number of brokers have issued reports about RHP. Zacks Investment Research has the shares of Ryman Hospitality Properties from a & # 39; hold & # 39; credit to a & # 39; buy & # 39; credit was upgraded and a target price of $ 93.00 for the company was set in a research report on Tuesday, June 19. Wells Fargo & Co repeated a "buy" rating on shares of Ryman Hospitality Properties in a research report on Friday, June 1. Finally, ValuEngine's shares of Ryman Hospitality Properties reduced from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 2. One equity research analyst has assessed the shares with a hold rating and six have assigned a buy-rating to the company. Ryman Hospitality Properties has a consensus rating of "Buy" and an average target price of $ 82.17.
RHP shares exchanged $ 0.48 on Friday and earned $ 87.35. 139,597 shares of the company were traded, compared with the average volume of 257,656. Ryman Hospitality Properties Inc has a twelve month low of $ 58.01 and a twelve month high of $ 87.84. The company has a debt-to-equity ratio of 4.48, a short ratio of 1.28 and a current ratio of 1.28. The company has a market capitalization of $ 4.47 billion, a price-earnings ratio of 15.71, a price-earnings ratio of 1.93 and a beta of 1.34.
Ryman Hospitality Properties (NYSE: RHP) last published its quarterly results on Tuesday 7 August. The Sicafi reported $ 1.08 EPS for the quarter, with the consensus estimate of $ 1.76 at ($ 0.68) missing. Ryman Hospitality Properties had a return on equity of 48.96% and a net margin of 14.53%. The company had sales of $ 333.90 million for the quarter compared with analyst estimates of $ 329.60 million. In the same period last year the company booked $ 1.55 EPS. The company's sales for the quarter increased by 11.7% year-on-year. stock analysts predict that Ryman Hospitality Properties Inc will publish 5.92 EPS for the current fiscal year.
In other Ryman Hospitality Properties news, SVP Jennifer L. Hutcheson sold 2,428 shares of the company's shares in a transaction that took place on Tuesday, June 19. The shares were sold at an average price of $ 83.15 for a total transaction of $ 201,888.20. After the completion of the sale, the Senior Vice President now holds 7,763 shares directly in the company, valued at $ 645,493.45. The transaction was announced in a legal application to the SEC, which is available via this link. SVP Scott J. Lynn also sold 2,500 shares of the company's shares in a transaction on Thursday 14 June. The shares were sold at an average price of $ 83.34 for a total transaction of $ 208,350.00. After the completion of the transaction, the Senior Vice President now holds 5,546 shares in the company's shares, valued at $ 462,203.64. The information for this sale can be found here. Business mixers own 3.20% of the company's shares.
About Ryman Hospitality Properties
Ryman Hospitality Properties, Inc. (NYSE: RHP) is a REIT for federal income tax purposes and specializes in group-oriented hotel residues in urban and resort markets. The company's assets include a network of four luxury conference-oriented resorts with a total of 7,811 rooms managed by accommodation operator Marriott International, Inc. under the Gaylord Hotels brand.
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