GW&K Investment Management LLC Purchases 13,436 Shares of Ryman Hospitality Properties, Inc. $RHP

GW&K Investment Management LLC grew its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 4.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 291,699 shares of the real estate investment trust’s stock after purchasing an additional 13,436 shares during the period. GW&K Investment Management LLC owned about 0.46% of Ryman Hospitality Properties worth $27,601,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of Ryman Hospitality Properties by 1.9% in the 3rd quarter. Vanguard Group Inc. now owns 9,108,548 shares of the real estate investment trust’s stock valued at $816,035,000 after acquiring an additional 166,293 shares during the last quarter. State Street Corp lifted its stake in shares of Ryman Hospitality Properties by 0.6% in the 2nd quarter. State Street Corp now owns 3,375,908 shares of the real estate investment trust’s stock valued at $336,901,000 after acquiring an additional 20,756 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Ryman Hospitality Properties by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 1,588,492 shares of the real estate investment trust’s stock valued at $150,327,000 after acquiring an additional 11,591 shares during the last quarter. Cooke & Bieler LP lifted its stake in shares of Ryman Hospitality Properties by 12.8% in the 4th quarter. Cooke & Bieler LP now owns 1,251,144 shares of the real estate investment trust’s stock valued at $118,383,000 after acquiring an additional 142,206 shares during the last quarter. Finally, Hamlin Capital Management LLC lifted its stake in shares of Ryman Hospitality Properties by 4.2% in the 4th quarter. Hamlin Capital Management LLC now owns 1,029,740 shares of the real estate investment trust’s stock valued at $97,434,000 after acquiring an additional 41,764 shares during the last quarter. Institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Stock Down 1.2%

RHP stock opened at $118.90 on Thursday. Ryman Hospitality Properties, Inc. has a fifty-two week low of $83.82 and a fifty-two week high of $121.56. The business’s 50 day moving average price is $106.49 and its two-hundred day moving average price is $99.65. 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 company has a market capitalization of $7.50 billion, a price-to-earnings ratio of 31.37, a price-to-earnings-growth ratio of 2.44 and a beta of 1.22.

Ryman Hospitality Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $1.20 per share. The ex-dividend date is Tuesday, June 30th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 4.0%. Ryman Hospitality Properties’s dividend payout ratio is 126.65%.

Wall Street Analysts Forecast Growth

RHP has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted 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. Truist Financial boosted their target price 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. Weiss Ratings lowered Ryman Hospitality Properties from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Wells Fargo & Company boosted their target price on Ryman Hospitality Properties from $114.00 to $126.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Finally, Morgan Stanley boosted their target price on Ryman Hospitality Properties from $105.00 to $112.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. Ten research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $120.80.

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.