Allstate Corp Acquires Shares of 5,979 Ryman Hospitality Properties, Inc. $RHP

Allstate Corp acquired a new stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 5,979 shares of the real estate investment trust’s stock, valued at approximately $566,000.

A number of other institutional investors have also recently bought and sold shares of RHP. Cornerstone Planning Group LLC grew its stake in shares of Ryman Hospitality Properties by 2,241.7% during the 3rd 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 during the period. Hantz Financial Services Inc. raised its stake 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 valued at $26,000 after acquiring an additional 218 shares during the period. Caitong International Asset Management Co. Ltd raised its stake in Ryman Hospitality Properties by 61.7% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 296 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 113 shares during the period. Global Retirement Partners LLC raised its stake in Ryman Hospitality Properties by 155.0% in the 4th quarter. Global Retirement Partners LLC now owns 283 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 172 shares during the period. Finally, Geneos Wealth Management Inc. raised its stake 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 valued at $27,000 after acquiring an additional 209 shares during the period. Institutional investors own 94.48% of the company’s stock.

Wall Street Analyst Weigh In

RHP has been the topic of a number of research reports. Truist Financial boosted their price objective on Ryman Hospitality Properties from $129.00 to $132.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Barclays boosted their price objective on Ryman Hospitality Properties from $109.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, April 7th. Weiss Ratings cut Ryman Hospitality Properties from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. JPMorgan Chase & Co. boosted their price objective on Ryman Hospitality Properties from $111.00 to $113.00 and gave the company an “overweight” rating in a research note on Tuesday, May 5th. Finally, Wells Fargo & Company increased their price objective on Ryman Hospitality Properties from $105.00 to $114.00 and gave the stock an “overweight” rating in a report on Wednesday, April 22nd. Nine analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $117.89.

Ryman Hospitality Properties Stock Performance

Shares of RHP opened at $114.87 on Friday. The stock’s 50-day simple moving average is $102.34 and its 200 day simple moving average is $98.25. The stock has a market capitalization of $7.25 billion, a price-to-earnings ratio of 30.31, a price-to-earnings-growth ratio of 2.67 and a beta of 1.22. The company has a debt-to-equity ratio of 5.15, a quick ratio of 1.35 and a current ratio of 1.35. Ryman Hospitality Properties, Inc. has a 52-week low of $83.82 and a 52-week high of $117.18.

Ryman Hospitality Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a dividend of $1.20 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $4.80 dividend on an annualized basis and a yield of 4.2%. Ryman Hospitality Properties’s dividend payout ratio is 126.65%.

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.