Hamlin Capital Management LLC Sells 43,301 Shares of Ryman Hospitality Properties, Inc. $RHP

Key Points

• Hamlin Capital Management cut its Ryman Hospitality Properties stake by 4.2% in the second quarter, selling 43,301 shares and retaining 984,218 shares worth approximately $126.5 million.
• Institutional investors and hedge funds own 94.48% of Ryman’s shares, with several smaller investment firms recently increasing their positions.
• Analyst sentiment remains positive: Ryman has a consensus “Moderate Buy” rating from 11 analysts and an average price target of $127.10, while shares recently opened at $127.53.

Hamlin Capital Management LLC lessened its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 4.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 984,218 shares of the real estate investment trust's stock after selling 43,301 shares during the period. Ryman Hospitality Properties makes up 2.8% of Hamlin Capital Management LLC's portfolio, making the stock its 21st biggest position. Hamlin Capital Management LLC owned about 1.56% of Ryman Hospitality Properties worth $126,521,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Global Retirement Partners LLC raised its holdings in shares of Ryman Hospitality Properties by 155.0% in the 4th quarter. Global Retirement Partners LLC now owns 283 shares of the real estate investment trust's stock worth $27,000 after buying an additional 172 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Ryman Hospitality Properties by 437.0% during the first quarter. International Assets Investment Management LLC now owns 290 shares of the real estate investment trust's stock valued at $27,000 after acquiring an additional 236 shares during the period. Los Angeles Capital Management LLC bought a new position in shares of Ryman Hospitality Properties during the fourth quarter valued at $28,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of Ryman Hospitality Properties by 61.7% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 296 shares of the real estate investment trust's stock valued at $27,000 after purchasing an additional 113 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in shares of Ryman Hospitality Properties by 240.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust's stock valued at $27,000 after purchasing an additional 209 shares in the last quarter. 94.48% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on RHP shares. Barclays increased their target price on shares of Ryman Hospitality Properties from $120.00 to $130.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 21st. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Ryman Hospitality Properties in a research note on Monday. Wells Fargo & Company raised their price objective on shares of Ryman Hospitality Properties from $126.00 to $136.00 and gave the stock an "overweight" rating in a report on Thursday, July 23rd. Morgan Stanley lifted their target price on shares of Ryman Hospitality Properties from $105.00 to $112.00 and gave the company an "overweight" rating in a research note on Tuesday, May 12th. Finally, BMO Capital Markets restated an "outperform" rating and set a $137.00 price target on shares of Ryman Hospitality Properties in a research report on Friday, June 12th. Ten research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $127.10.

Ryman Hospitality Properties Trading Down 0.5%

RHP opened at $127.53 on Thursday. Ryman Hospitality Properties, Inc. has a 1-year low of $83.82 and a 1-year high of $137.46. The stock has a market capitalization of $8.05 billion, a PE ratio of 33.65, a PEG ratio of 2.29 and a beta of 1.20. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 5.15. The firm has a 50-day moving average price of $125.70 and a two-hundred day moving average price of $108.83.

Ryman Hospitality Properties Profile

Ryman Hospitality Properties, Inc is a publicly traded real estate investment trust (REIT) specializing in the ownership and operation of group‐oriented, large convention center hotel resorts. The company's portfolio is anchored by its Gaylord Hotels brand, offering integrated resort, convention, entertainment and dining experiences under long‐term management agreements with Marriott International.

Ryman's flagship properties include Gaylord Opryland Resort & Convention Center in Nashville, Gaylord Texan Resort & Convention Center near Dallas/Fort Worth and Gaylord Palms Resort & Convention Center in Orlando, Florida.

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