Reinhart Partners LLC. Grows Stake in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Reinhart Partners LLC. grew its position in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 58.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 437,273 shares of the real estate investment trust's stock after purchasing an additional 161,385 shares during the quarter. Reinhart Partners LLC. owned about 0.73% of Ryman Hospitality Properties worth $39,984,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Rhumbline Advisers grew its holdings in Ryman Hospitality Properties by 78.6% in the first quarter. Rhumbline Advisers now owns 168,231 shares of the real estate investment trust's stock worth $15,383,000 after purchasing an additional 74,032 shares during the last quarter. GAMMA Investing LLC grew its holdings in Ryman Hospitality Properties by 10,042.9% in the first quarter. GAMMA Investing LLC now owns 48,280 shares of the real estate investment trust's stock worth $4,415,000 after purchasing an additional 47,804 shares during the last quarter. Employees Retirement System of Texas grew its holdings in Ryman Hospitality Properties by 9.6% in the fourth quarter. Employees Retirement System of Texas now owns 56,912 shares of the real estate investment trust's stock worth $5,938,000 after purchasing an additional 5,000 shares during the last quarter. Heck Capital Advisors LLC purchased a new position in Ryman Hospitality Properties in the fourth quarter worth $31,000. Finally, DigitalBridge Group Inc. acquired a new stake in shares of Ryman Hospitality Properties during the fourth quarter worth $12,218,000. 94.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on RHP. Wedbush set a $110.00 price objective on shares of Ryman Hospitality Properties and gave the stock an "outperform" rating in a research note on Tuesday, May 6th. Truist Financial lowered their price objective on shares of Ryman Hospitality Properties from $127.00 to $120.00 and set a "buy" rating for the company in a research note on Friday, May 30th. Jefferies Financial Group lowered their price objective on shares of Ryman Hospitality Properties from $118.00 to $100.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Wall Street Zen upgraded shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research note on Saturday, March 1st. Finally, Evercore ISI lowered their price objective on shares of Ryman Hospitality Properties from $130.00 to $120.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $112.00.

Ryman Hospitality Properties Trading Up 0.8%

NYSE RHP opened at $96.75 on Friday. The company has a market capitalization of $5.81 billion, a PE ratio of 22.04, a P/E/G ratio of 2.71 and a beta of 1.58. The company has a fifty day moving average of $91.38 and a 200 day moving average of $99.82. Ryman Hospitality Properties, Inc. has a 1 year low of $76.27 and a 1 year high of $121.77. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.73.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last posted its earnings results on Thursday, May 1st. The real estate investment trust reported $2.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.79 by $0.29. The company had revenue of $587.28 million during the quarter, compared to the consensus estimate of $546.52 million. Ryman Hospitality Properties had a net margin of 11.61% and a return on equity of 49.23%. The firm's quarterly revenue was up 11.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.60 earnings per share. Research analysts forecast that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current year.

Ryman Hospitality Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $1.15 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $4.60 dividend on an annualized basis and a yield of 4.75%. Ryman Hospitality Properties's dividend payout ratio is presently 97.46%.

About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc NYSE: RHP is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and entertainment experiences. The Company's holdings include Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; Gaylord National Resort & Convention Center; and Gaylord Rockies Resort & Convention Center, five of the top seven largest non-gaming convention center hotels in the United States based on total indoor meeting space.

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