Envestnet Asset Management Inc. Sells 6,867 Shares of Ryman Hospitality Properties, Inc. $RHP

Envestnet Asset Management Inc. decreased its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 7.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 91,317 shares of the real estate investment trust’s stock after selling 6,867 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Ryman Hospitality Properties were worth $8,181,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Cornerstone Planning Group LLC increased its stake in shares of Ryman Hospitality Properties by 2,241.7% in the third quarter. Cornerstone Planning Group LLC now owns 281 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 269 shares in the last quarter. Hantz Financial Services Inc. lifted its position in Ryman Hospitality Properties by 283.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 295 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 218 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in Ryman Hospitality Properties by 240.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 209 shares during the last quarter. AlphaQuest LLC increased its position in Ryman Hospitality Properties by 492.9% in the 2nd quarter. AlphaQuest LLC now owns 332 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 276 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its position in Ryman Hospitality Properties by 140.3% in the 2nd quarter. Smartleaf Asset Management LLC now owns 483 shares of the real estate investment trust’s stock valued at $49,000 after acquiring an additional 282 shares in the last quarter. Institutional investors and hedge funds own 94.48% of the company’s stock.

Ryman Hospitality Properties Trading Up 0.9%

NYSE RHP opened at $103.02 on Friday. Ryman Hospitality Properties, Inc. has a 12 month low of $76.27 and a 12 month high of $105.30. The stock has a 50-day simple moving average of $96.69 and a 200 day simple moving average of $94.62. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 4.98. The company has a market capitalization of $6.49 billion, a PE ratio of 27.25, a P/E/G ratio of 2.61 and a beta of 1.21.

Ryman Hospitality Properties Increases Dividend

The company 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. The ex-dividend date was Wednesday, December 31st. This represents a $4.80 dividend on an annualized basis and a dividend yield of 4.7%. This is a positive change from Ryman Hospitality Properties’s previous quarterly dividend of $1.15. Ryman Hospitality Properties’s dividend payout ratio is 126.98%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on RHP. Barclays set a $109.00 target price on shares of Ryman Hospitality Properties in a research report on Tuesday, January 13th. Wall Street Zen raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Evercore reiterated an “outperform” rating and issued a $115.00 price objective on shares of Ryman Hospitality Properties in a research report on Friday, February 6th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $131.00 target price on shares of Ryman Hospitality Properties in a research report on Tuesday, January 13th. Finally, JPMorgan Chase & Co. lowered their price objective on Ryman Hospitality Properties from $113.00 to $111.00 and set an “overweight” rating for the company in a research report on Tuesday, February 3rd. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Ryman Hospitality Properties currently has a consensus rating of “Moderate Buy” and an average price target of $110.18.

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.