Rhumbline Advisers Has $15.38 Million Stock Holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Rhumbline Advisers lifted its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 78.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 168,231 shares of the real estate investment trust's stock after acquiring an additional 74,032 shares during the quarter. Rhumbline Advisers owned approximately 0.28% of Ryman Hospitality Properties worth $15,383,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Janney Montgomery Scott LLC increased its position in Ryman Hospitality Properties by 46.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 4,269 shares of the real estate investment trust's stock worth $445,000 after buying an additional 1,346 shares during the last quarter. Blue Trust Inc. increased its position in Ryman Hospitality Properties by 23.4% during the fourth quarter. Blue Trust Inc. now owns 845 shares of the real estate investment trust's stock worth $91,000 after buying an additional 160 shares during the last quarter. abrdn plc increased its position in Ryman Hospitality Properties by 24.7% during the fourth quarter. abrdn plc now owns 15,103 shares of the real estate investment trust's stock worth $1,602,000 after buying an additional 2,992 shares during the last quarter. State of Alaska Department of Revenue increased its position in Ryman Hospitality Properties by 1.0% during the fourth quarter. State of Alaska Department of Revenue now owns 28,082 shares of the real estate investment trust's stock worth $2,929,000 after buying an additional 275 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Ryman Hospitality Properties by 9.4% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 12,482 shares of the real estate investment trust's stock worth $1,302,000 after buying an additional 1,068 shares during the last quarter. 94.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on RHP shares. Wedbush set a $110.00 price target on Ryman Hospitality Properties and gave the company an "outperform" rating in a research report on Tuesday, May 6th. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $101.00 price target (up from $99.00) on shares of Ryman Hospitality Properties in a research report on Thursday, May 22nd. Wall Street Zen raised Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research report on Saturday, March 1st. Evercore ISI reduced their target price 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. Finally, Truist Financial reduced their target price 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. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $112.00.

Ryman Hospitality Properties Stock Up 0.8%

NYSE RHP opened at $96.75 on Friday. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.73 and a current ratio of 1.73. The firm has a 50-day simple moving average of $91.38 and a 200 day simple moving average of $99.73. Ryman Hospitality Properties, Inc. has a twelve month low of $76.27 and a twelve month high of $121.77. The stock has a market cap of $5.81 billion, a PE ratio of 22.04, a PEG ratio of 2.71 and a beta of 1.58.

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

Ryman Hospitality Properties Dividend Announcement

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

Ryman Hospitality Properties Profile

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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