Ryman Hospitality Properties, Inc. $RHP Shares Acquired by Strs Ohio

Key Points

• Strs Ohio increased its stake in Ryman Hospitality by 10.6%, owning 126,424 shares (about 0.20% of the company) worth roughly $11.96 million, and institutional investors now hold about 94.48% of the stock.
• Several analysts have upgraded Ryman and raised price targets, leaving the stock with an average analyst rating of "Buy" and an average target price of $115.00.
• Ryman recently paid a quarterly dividend of $1.20 (annualized $4.80), implying a 4.6% yield, though the dividend payout ratio is a high 126.65%.

Strs Ohio lifted its position in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 10.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 126,424 shares of the real estate investment trust's stock after purchasing an additional 12,100 shares during the quarter. Strs Ohio owned about 0.20% of Ryman Hospitality Properties worth $11,962,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Cornerstone Planning Group LLC boosted its holdings in shares of Ryman Hospitality Properties by 2,241.7% in the 3rd quarter. Cornerstone Planning Group LLC now owns 281 shares of the real estate investment trust's stock valued at $25,000 after acquiring an additional 269 shares during the last quarter. Hantz Financial Services Inc. raised its holdings in shares of Ryman Hospitality Properties by 283.1% during the third quarter. Hantz Financial Services Inc. now owns 295 shares of the real estate investment trust's stock worth $26,000 after purchasing an additional 218 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in Ryman Hospitality Properties by 240.2% during the first 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 during the period. Caitong International Asset Management Co. Ltd boosted its holdings in Ryman Hospitality Properties by 61.7% in the third 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 during the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new stake in Ryman Hospitality Properties in the third quarter valued at $40,000. Institutional investors and hedge funds own 94.48% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Wells Fargo & Company lifted their price objective on Ryman Hospitality Properties from $105.00 to $114.00 and gave the company an "overweight" rating in a research note on Wednesday, April 22nd. Weiss Ratings raised Ryman Hospitality Properties from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, April 22nd. Morgan Stanley raised Ryman Hospitality Properties from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $88.00 to $105.00 in a report on Friday, April 10th. Truist Financial upped their price objective on Ryman Hospitality Properties from $121.00 to $129.00 and gave the stock a "buy" rating in a research report on Thursday, March 26th. Finally, Evercore reaffirmed an "outperform" rating and set a $115.00 price objective on shares of Ryman Hospitality Properties in a research note on Friday, February 6th. Eleven investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of $115.00.

Ryman Hospitality Properties Price Performance

Shares of Ryman Hospitality Properties stock opened at $105.24 on Tuesday. The firm has a market cap of $6.64 billion, a PE ratio of 27.77, a P/E/G ratio of 2.27 and a beta of 1.22. Ryman Hospitality Properties, Inc. has a twelve month low of $83.82 and a twelve month high of $109.94. The company has a quick ratio of 1.46, a current ratio of 1.35 and a debt-to-equity ratio of 5.15. The business has a 50-day moving average price of $97.33 and a 200 day moving average price of $95.43.

Ryman Hospitality Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend was Tuesday, March 31st. Ryman Hospitality Properties's dividend payout ratio is presently 126.65%.

Ryman Hospitality Properties Company 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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