Ryman Hospitality Properties, Inc. $RHP Shares Sold by Copeland Capital Management LLC

Key Points

• Copeland Capital Management cut its stake in Ryman Hospitality Properties by 7.8%, selling 22,169 shares and leaving it with 262,307 shares (about $24.82 million or 0.42% of the company); institutional investors collectively own 94.48% of RHP stock.
• Ryman paid a quarterly dividend of $1.20 (annualized $4.80) for a yield of 4.8%, though the dividend payout ratio is high at 127.66%, suggesting potential sustainability concerns.
• Analysts are broadly bullish: the consensus rating is Buy with an average price target of $115, and several firms (Barclays, Cantor Fitzgerald, Morgan Stanley, Wells Fargo) recently raised ratings or targets.

Copeland Capital Management LLC decreased its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 7.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 262,307 shares of the real estate investment trust's stock after selling 22,169 shares during the period. Copeland Capital Management LLC owned approximately 0.42% of Ryman Hospitality Properties worth $24,820,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Rather & Kittrell Inc. acquired a new stake in shares of Ryman Hospitality Properties during the 4th quarter worth approximately $770,000. M&T Bank Corp acquired a new stake in shares of Ryman Hospitality Properties during the 4th quarter worth approximately $1,235,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Ryman Hospitality Properties by 4.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 42,082 shares of the real estate investment trust's stock worth $3,982,000 after buying an additional 1,946 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Ryman Hospitality Properties by 33.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,749 shares of the real estate investment trust's stock worth $165,000 after buying an additional 438 shares during the last quarter. Finally, Taylor Frigon Capital Management LLC increased its holdings in shares of Ryman Hospitality Properties by 24.2% during the 4th quarter. Taylor Frigon Capital Management LLC now owns 18,755 shares of the real estate investment trust's stock worth $1,775,000 after buying an additional 3,656 shares during the last quarter. Institutional investors and hedge funds own 94.48% of the company's stock.

Ryman Hospitality Properties Stock Up 0.5%

Ryman Hospitality Properties stock opened at $100.66 on Friday. Ryman Hospitality Properties, Inc. has a fifty-two week low of $83.82 and a fifty-two week high of $105.75. The company has a debt-to-equity ratio of 5.04, a quick ratio of 1.46 and a current ratio of 1.46. The firm has a 50 day moving average price of $97.16 and a 200 day moving average price of $94.83. The company has a market capitalization of $6.35 billion, a PE ratio of 26.77, a price-to-earnings-growth ratio of 1.91 and a beta of 1.19.

Ryman Hospitality Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were issued a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 4.8%. The ex-dividend date was Tuesday, March 31st. Ryman Hospitality Properties's dividend payout ratio (DPR) is 127.66%.

Analyst Upgrades and Downgrades

RHP has been the subject of a number of recent analyst reports. Barclays raised their price target on shares of Ryman Hospitality Properties from $109.00 to $110.00 and gave the stock an "overweight" rating in a report on Tuesday, April 7th. Cantor Fitzgerald raised their price target on shares of Ryman Hospitality Properties from $108.00 to $115.00 and gave the stock an "overweight" rating in a report on Tuesday, March 3rd. Weiss Ratings upgraded shares of Ryman Hospitality Properties from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday. Morgan Stanley upgraded shares of Ryman Hospitality Properties from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $88.00 to $105.00 in a report on Friday, April 10th. Finally, Wells Fargo & Company raised their price target on shares of Ryman Hospitality Properties from $105.00 to $114.00 and gave the stock an "overweight" rating in a report on Wednesday. Eleven research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $115.00.

About Ryman Hospitality Properties

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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