Legal & General Group Plc Increases Stock Position in Ryman Hospitality Properties, Inc. $RHP

Legal & General Group Plc increased its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 5.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 436,511 shares of the real estate investment trust’s stock after purchasing an additional 23,224 shares during the period. Legal & General Group Plc owned 0.69% of Ryman Hospitality Properties worth $41,303,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC boosted its position in 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 purchasing an additional 269 shares during the period. Hantz Financial Services Inc. boosted 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 purchasing an additional 218 shares during the period. Caitong International Asset Management Co. Ltd boosted its position in Ryman Hospitality Properties by 61.7% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 296 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 113 shares during the period. Global Retirement Partners LLC boosted its position in Ryman Hospitality Properties by 155.0% during the 4th quarter. Global Retirement Partners LLC now owns 283 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 172 shares during the period. Finally, Geneos Wealth Management Inc. boosted its position 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 purchasing an additional 209 shares during the period. 94.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on RHP shares. Barclays upped their price target on shares of Ryman Hospitality Properties from $109.00 to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 7th. Evercore reaffirmed an “outperform” rating and set a $115.00 price target on shares of Ryman Hospitality Properties in a research report on Friday, February 6th. Morgan Stanley upped their price target on shares of Ryman Hospitality Properties from $105.00 to $112.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Cantor Fitzgerald boosted their price objective on shares of Ryman Hospitality Properties from $115.00 to $124.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. Finally, JPMorgan Chase & Co. raised their target price 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. Nine investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Ryman Hospitality Properties has a consensus rating of “Moderate Buy” and a consensus target price of $117.89.

Ryman Hospitality Properties Stock Down 0.9%

Shares of NYSE RHP opened at $114.87 on Friday. Ryman Hospitality Properties, Inc. has a 1 year low of $83.82 and a 1 year high of $117.18. The firm has a market cap of $7.25 billion, a price-to-earnings ratio of 30.31, a PEG 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. The stock’s 50-day simple moving average is $102.34 and its 200-day simple moving average is $98.25.

Ryman Hospitality Properties Announces Dividend

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

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.