Thrivent Financial for Lutherans Sells 13,033 Shares of Ryman Hospitality Properties, Inc. $RHP

Thrivent Financial for Lutherans trimmed its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 20.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,831 shares of the real estate investment trust’s stock after selling 13,033 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Ryman Hospitality Properties were worth $4,554,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Ryman Hospitality Properties by 11.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,311 shares of the real estate investment trust’s stock worth $117,000 after purchasing an additional 130 shares during the period. Yousif Capital Management LLC raised its position in Ryman Hospitality Properties by 0.8% during the 2nd quarter. Yousif Capital Management LLC now owns 16,310 shares of the real estate investment trust’s stock worth $1,609,000 after purchasing an additional 132 shares during the last quarter. Texas Yale Capital Corp. lifted its holdings in Ryman Hospitality Properties by 2.2% during the 2nd quarter. Texas Yale Capital Corp. now owns 6,950 shares of the real estate investment trust’s stock worth $686,000 after buying an additional 150 shares during the period. Osaic Holdings Inc. grew its position in shares of Ryman Hospitality Properties by 5.4% in the 2nd quarter. Osaic Holdings Inc. now owns 3,098 shares of the real estate investment trust’s stock valued at $306,000 after buying an additional 160 shares during the last quarter. Finally, Beacon Investment Advisors LLC grew its position in shares of Ryman Hospitality Properties by 0.5% in the 2nd quarter. Beacon Investment Advisors LLC now owns 30,752 shares of the real estate investment trust’s stock valued at $3,092,000 after buying an additional 162 shares during the last quarter. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on RHP. Wall Street Zen upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ryman Hospitality Properties in a research note on Wednesday, January 28th. Truist Financial lifted their target price on Ryman Hospitality Properties from $120.00 to $121.00 and gave the stock a “buy” rating in a report on Thursday, December 4th. Evercore restated an “outperform” rating and set a $115.00 price target on shares of Ryman Hospitality Properties in a report on Friday. Finally, Wells Fargo & Company reduced their price objective on shares of Ryman Hospitality Properties from $114.00 to $109.00 and set an “overweight” rating for the company in a research report on Monday, December 1st. Eleven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $110.58.

Ryman Hospitality Properties Stock Up 2.4%

Shares of NYSE:RHP opened at $98.04 on Friday. The company has a debt-to-equity ratio of 4.98, a quick ratio of 1.49 and a current ratio of 1.49. Ryman Hospitality Properties, Inc. has a 52-week low of $76.27 and a 52-week high of $105.51. The business’s 50 day simple moving average is $95.29 and its two-hundred day simple moving average is $94.37. The firm has a market cap of $6.18 billion, a P/E ratio of 25.94, a PEG ratio of 2.50 and a beta of 1.21.

Ryman Hospitality Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were given a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend was Wednesday, December 31st. This is an increase from Ryman Hospitality Properties’s previous quarterly dividend of $1.15. Ryman Hospitality Properties’s payout ratio is 126.98%.

Ryman Hospitality Properties 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.