Ryman Hospitality Properties, Inc. $RHP Shares Bought by Hamlin Capital Management LLC

Key Points

• Hamlin Capital Management raised its stake in Ryman Hospitality (NYSE: RHP) by 4.2% in Q4, adding 41,764 shares to hold 1,029,740 shares (about 1.63% of the company) valued at roughly $97.43 million, making RHP its 24th-largest position.
• Ryman declared a quarterly dividend of $1.20 per share (annualized $4.80) with an ex-dividend date of March 31 and payment on April 15, implying a ~5.3% yield but a high payout ratio of 127.66%.
• Analysts give RHP a consensus rating of "Moderate Buy" with a consensus price target of $110.82 (ten Buy ratings and two Holds), compared with a recent stock price near $90, indicating potential upside to the target.

Hamlin Capital Management LLC lifted its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 4.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,029,740 shares of the real estate investment trust's stock after buying an additional 41,764 shares during the period. Ryman Hospitality Properties makes up 2.3% of Hamlin Capital Management LLC's portfolio, making the stock its 24th biggest position. Hamlin Capital Management LLC owned 1.63% of Ryman Hospitality Properties worth $97,434,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of the stock. Vanguard Group Inc. lifted its position in Ryman Hospitality Properties by 1.9% during the 3rd quarter. Vanguard Group Inc. now owns 9,108,548 shares of the real estate investment trust's stock worth $816,035,000 after acquiring an additional 166,293 shares in the last quarter. State Street Corp grew its position in Ryman Hospitality Properties by 0.6% in the second quarter. State Street Corp now owns 3,375,908 shares of the real estate investment trust's stock valued at $336,901,000 after acquiring an additional 20,756 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Ryman Hospitality Properties by 13.6% during the second quarter. American Century Companies Inc. now owns 1,212,052 shares of the real estate investment trust's stock valued at $119,593,000 after purchasing an additional 144,870 shares during the period. Cooke & Bieler LP raised its stake in shares of Ryman Hospitality Properties by 21.4% during the third quarter. Cooke & Bieler LP now owns 1,108,938 shares of the real estate investment trust's stock valued at $99,350,000 after purchasing an additional 195,330 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Ryman Hospitality Properties by 8.6% during the second quarter. Charles Schwab Investment Management Inc. now owns 1,076,243 shares of the real estate investment trust's stock worth $106,193,000 after purchasing an additional 85,195 shares in the last quarter. Institutional investors and hedge funds own 94.48% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on RHP. Truist Financial upped their target price on shares of Ryman Hospitality Properties from $120.00 to $121.00 and gave the company a "buy" rating in a research note on Thursday, December 4th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $131.00 price target on shares of Ryman Hospitality Properties in a research note on Tuesday, January 13th. Weiss Ratings reiterated a "hold (c)" rating on shares of Ryman Hospitality Properties in a report on Wednesday, January 28th. Evercore reissued an "outperform" rating and issued a $115.00 price objective on shares of Ryman Hospitality Properties in a research report on Friday, February 6th. Finally, Barclays set a $109.00 target price on Ryman Hospitality Properties in a research report on Tuesday, January 13th. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $110.82.

Ryman Hospitality Properties Stock Performance

Ryman Hospitality Properties stock opened at $90.12 on Friday. Ryman Hospitality Properties, Inc. has a 52 week low of $76.27 and a 52 week high of $105.75. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 5.04. The stock has a market cap of $5.68 billion, a P/E ratio of 23.97, a price-to-earnings-growth ratio of 1.74 and a beta of 1.18. The stock has a 50 day moving average of $96.83 and a 200-day moving average of $94.73.

Ryman Hospitality Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend is Tuesday, March 31st. Ryman Hospitality Properties's dividend payout ratio (DPR) is currently 127.66%.

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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