Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Sold by Baird Financial Group Inc.

Baird Financial Group Inc. cut its position in Ryman Hospitality Properties, Inc. (NYSE:RHPGet Rating) by 6.5% in the second quarter, HoldingsChannel reports. The institutional investor owned 2,717 shares of the real estate investment trust’s stock after selling 188 shares during the period. Baird Financial Group Inc.’s holdings in Ryman Hospitality Properties were worth $207,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. State Street Corp grew its stake in shares of Ryman Hospitality Properties by 14.6% in the first quarter. State Street Corp now owns 2,640,373 shares of the real estate investment trust’s stock valued at $244,947,000 after buying an additional 336,493 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Ryman Hospitality Properties by 16.1% in the first quarter. Goldman Sachs Group Inc. now owns 2,071,299 shares of the real estate investment trust’s stock valued at $192,155,000 after buying an additional 287,880 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Ryman Hospitality Properties by 2.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 785,513 shares of the real estate investment trust’s stock valued at $72,873,000 after buying an additional 17,647 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Ryman Hospitality Properties by 25.2% in the first quarter. American Century Companies Inc. now owns 744,140 shares of the real estate investment trust’s stock valued at $69,034,000 after buying an additional 149,781 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. grew its stake in Ryman Hospitality Properties by 130.5% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 663,866 shares of the real estate investment trust’s stock worth $61,587,000 after purchasing an additional 375,798 shares in the last quarter. 93.81% of the stock is owned by institutional investors and hedge funds.

Ryman Hospitality Properties Stock Down 2.7 %

Shares of NYSE RHP opened at $89.00 on Thursday. The company has a market capitalization of $4.91 billion, a price-to-earnings ratio of 78.07 and a beta of 1.59. The company has a debt-to-equity ratio of 55.18, a current ratio of 1.61 and a quick ratio of 1.61. The business has a 50-day moving average of $83.50 and a two-hundred day moving average of $84.11. Ryman Hospitality Properties, Inc. has a 1 year low of $70.46 and a 1 year high of $101.19.

Ryman Hospitality Properties Dividend Announcement

The company also recently announced a — dividend, which was paid on Monday, October 17th. Stockholders of record on Friday, September 30th were issued a $0.10 dividend. The ex-dividend date was Thursday, September 29th. Ryman Hospitality Properties’s payout ratio is currently 35.09%.

Analysts Set New Price Targets

RHP has been the subject of several analyst reports. StockNews.com initiated coverage on Ryman Hospitality Properties in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Citigroup boosted their target price on Ryman Hospitality Properties to $110.00 in a research note on Monday, August 22nd. Deutsche Bank Aktiengesellschaft boosted their target price on Ryman Hospitality Properties from $116.00 to $121.00 in a research note on Wednesday, August 3rd. Wells Fargo & Company lowered their target price on Ryman Hospitality Properties from $107.00 to $101.00 and set an “overweight” rating for the company in a research note on Monday, August 29th. Finally, TheStreet raised Ryman Hospitality Properties from a “d+” rating to a “c” rating in a research note on Tuesday, August 2nd. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $108.00.

About Ryman Hospitality Properties

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Ryman Hospitality Properties, Inc (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and country music entertainment experiences. The Company's core holdings* include a network of five of the top 10 largest non-gaming convention center hotels in the United States based on total indoor meeting space.

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Institutional Ownership by Quarter for Ryman Hospitality Properties (NYSE:RHP)

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