Centersquare Investment Management LLC Raises Stock Holdings in Ryman Hospitality Properties, Inc. $RHP

Centersquare Investment Management LLC grew its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 371.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 248,030 shares of the real estate investment trust’s stock after acquiring an additional 195,440 shares during the quarter. Centersquare Investment Management LLC owned about 0.39% of Ryman Hospitality Properties worth $23,469,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in RHP. Norges Bank purchased a new position in Ryman Hospitality Properties during the fourth quarter worth about $48,036,000. Invesco Ltd. lifted its position in Ryman Hospitality Properties by 184.9% during the third quarter. Invesco Ltd. now owns 739,608 shares of the real estate investment trust’s stock worth $66,261,000 after buying an additional 479,990 shares during the period. Balyasny Asset Management L.P. purchased a new position in Ryman Hospitality Properties during the third quarter worth about $30,975,000. Qube Research & Technologies Ltd purchased a new position in Ryman Hospitality Properties during the third quarter worth about $18,161,000. Finally, UBS Group AG lifted its position in Ryman Hospitality Properties by 116.3% during the third quarter. UBS Group AG now owns 371,163 shares of the real estate investment trust’s stock worth $33,252,000 after buying an additional 199,556 shares during the period. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RHP has been the topic of several recent analyst reports. JPMorgan Chase & Co. increased their target price on Ryman Hospitality Properties from $111.00 to $113.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. Truist Financial increased their target price on Ryman Hospitality Properties from $129.00 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Morgan Stanley increased their target price on Ryman Hospitality Properties from $105.00 to $112.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Raymond James Financial reiterated an “outperform” rating and set a $125.00 target price on shares of Ryman Hospitality Properties in a research report on Monday. Finally, Wells Fargo & Company increased their target price on Ryman Hospitality Properties from $114.00 to $126.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Ten research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $120.80.

Ryman Hospitality Properties Stock Performance

Shares of NYSE:RHP opened at $121.67 on Friday. The firm has a market capitalization of $7.68 billion, a PE ratio of 32.10, a P/E/G ratio of 2.41 and a beta of 1.22. The company has a debt-to-equity ratio of 5.15, a current ratio of 1.35 and a quick ratio of 1.35. The business has a 50-day moving average of $107.08 and a two-hundred day moving average of $99.84. Ryman Hospitality Properties, Inc. has a 12 month low of $83.82 and a 12 month high of $122.46.

Ryman Hospitality Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $1.20 per share. The ex-dividend date is Tuesday, June 30th. This represents a $4.80 annualized dividend and a yield of 3.9%. Ryman Hospitality Properties’s dividend payout ratio is currently 126.65%.

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.