Geode Capital Management LLC Has $150.33 Million Stock Position in Ryman Hospitality Properties, Inc. $RHP

Geode Capital Management LLC increased its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 0.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,588,492 shares of the real estate investment trust’s stock after purchasing an additional 11,591 shares during the period. Geode Capital Management LLC owned approximately 2.52% of Ryman Hospitality Properties worth $150,327,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in Ryman Hospitality Properties by 1.9% during the third quarter. Vanguard Group Inc. now owns 9,108,548 shares of the real estate investment trust’s stock worth $816,035,000 after purchasing an additional 166,293 shares during the period. State Street Corp grew its stake in Ryman Hospitality Properties by 0.6% during the second quarter. State Street Corp now owns 3,375,908 shares of the real estate investment trust’s stock worth $336,901,000 after purchasing an additional 20,756 shares during the period. Cooke & Bieler LP grew its stake in Ryman Hospitality Properties by 12.8% during the fourth quarter. Cooke & Bieler LP now owns 1,251,144 shares of the real estate investment trust’s stock worth $118,383,000 after purchasing an additional 142,206 shares during the period. Hamlin Capital Management LLC grew its stake in Ryman Hospitality Properties by 4.2% during the fourth quarter. Hamlin Capital Management LLC now owns 1,029,740 shares of the real estate investment trust’s stock worth $97,434,000 after purchasing an additional 41,764 shares during the period. Finally, Gamco Investors INC. ET AL grew its stake in Ryman Hospitality Properties by 0.3% during the third quarter. Gamco Investors INC. ET AL now owns 968,633 shares of the real estate investment trust’s stock worth $86,780,000 after purchasing an additional 2,896 shares during the period. Institutional investors and hedge funds own 94.48% of the company’s stock.

Ryman Hospitality Properties Trading Up 2.9%

Shares of Ryman Hospitality Properties stock opened at $117.15 on Friday. 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 $117.67. The stock has a 50 day moving average price of $104.27 and a two-hundred day moving average price of $98.87. The stock has a market capitalization of $7.39 billion, a PE ratio of 30.91, a price-to-earnings-growth ratio of 2.64 and a beta of 1.22.

Ryman Hospitality Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders 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 yield of 4.1%. The ex-dividend date of this dividend is Tuesday, June 30th. Ryman Hospitality Properties’s dividend payout ratio (DPR) is 126.65%.

Analyst Ratings Changes

RHP has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their target price on Ryman Hospitality Properties from $111.00 to $113.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. Morgan Stanley raised their target price on Ryman Hospitality Properties from $105.00 to $112.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. Barclays raised their target price on Ryman Hospitality Properties from $110.00 to $120.00 and gave the stock an “overweight” rating in a research note on Monday. Cantor Fitzgerald raised their target price on Ryman Hospitality Properties from $115.00 to $124.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. Finally, Truist Financial raised 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. Nine equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $120.33.

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.