Ryman Hospitality Properties, Inc. $RHP Stake Increased by Russell Investments Group Ltd.

Key Points

• Russell Investments raised its stake in Ryman Hospitality by 24.1% in Q3, adding 52,262 shares to hold 268,971 shares (about 0.43% of the company) worth roughly $24.1 million.
• Ryman announced a quarterly dividend of $1.20 per share (annualized $4.80) payable April 15 with an ex-dividend date of March 31, implying a 5.2% yield but a high payout ratio of 127.66%.
• Institutional investors own about 94.48% of the stock; analysts give a consensus rating of “Moderate Buy” (10 Buys, 2 Holds) with a consensus target of $110.82, while the shares trade near $92 within a 52‑week range of $76.27–$105.75.

Russell Investments Group Ltd. increased its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 24.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 268,971 shares of the real estate investment trust's stock after acquiring an additional 52,262 shares during the period. Russell Investments Group Ltd. owned about 0.43% of Ryman Hospitality Properties worth $24,102,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Cornerstone Planning Group LLC raised its holdings in shares of Ryman Hospitality Properties by 2,241.7% during the third quarter. Cornerstone Planning Group LLC now owns 281 shares of the real estate investment trust's stock worth $25,000 after acquiring an additional 269 shares in the last quarter. Hantz Financial Services Inc. increased its position in Ryman Hospitality Properties by 283.1% in the 3rd 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. increased its position in Ryman Hospitality Properties by 240.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust's stock worth $27,000 after purchasing an additional 209 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in shares of Ryman Hospitality Properties during the 3rd quarter worth about $40,000. Finally, Smartleaf Asset Management LLC raised its stake in shares of Ryman Hospitality Properties by 140.3% during the 2nd quarter. Smartleaf Asset Management LLC now owns 483 shares of the real estate investment trust's stock worth $49,000 after purchasing an additional 282 shares in the last quarter. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Ryman Hospitality Properties Stock Down 3.4%

RHP stock opened at $92.03 on Friday. The stock has a market capitalization of $5.80 billion, a price-to-earnings ratio of 24.48, a price-to-earnings-growth ratio of 1.83 and a beta of 1.18. The company has a 50-day moving average of $97.17 and a two-hundred day moving average of $95.05. Ryman Hospitality Properties, Inc. has a 52-week low of $76.27 and a 52-week high of $105.75. The company has a debt-to-equity ratio of 5.04, a current ratio of 1.46 and a quick ratio of 1.46.

Ryman Hospitality Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a dividend of $1.20 per share. The ex-dividend date is Tuesday, March 31st. This represents a $4.80 annualized dividend and a yield of 5.2%. Ryman Hospitality Properties's dividend payout ratio is presently 127.66%.

Wall Street Analyst Weigh In

Several brokerages recently commented on RHP. Cantor Fitzgerald boosted their price target on Ryman Hospitality Properties from $108.00 to $115.00 and gave the company an "overweight" rating in a research note on Tuesday, March 3rd. Truist Financial raised their price objective on shares of Ryman Hospitality Properties from $120.00 to $121.00 and gave the company a "buy" rating in a research report on Thursday, December 4th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $131.00 target price on shares of Ryman Hospitality Properties in a research report on Tuesday, January 13th. JPMorgan Chase & Co. dropped their price target on shares of Ryman Hospitality Properties from $113.00 to $111.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 3rd. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Ryman Hospitality Properties in a report on Wednesday, January 28th. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Ryman Hospitality Properties presently has a consensus rating of "Moderate Buy" and a consensus target price of $110.82.

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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