Boothbay Fund Management LLC Buys 55,425 Shares of Ryman Hospitality Properties, Inc. $RHP

Boothbay Fund Management LLC grew its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 59.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 148,904 shares of the real estate investment trust’s stock after purchasing an additional 55,425 shares during the period. Boothbay Fund Management LLC owned approximately 0.24% of Ryman Hospitality Properties worth $14,089,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd grew its stake in shares of 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 purchasing an additional 113 shares during the period. Global Retirement Partners LLC grew its stake in shares of 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 purchasing an additional 172 shares during the period. Geneos Wealth Management Inc. grew its stake in shares of 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 purchasing an additional 209 shares during the period. Los Angeles Capital Management LLC bought a new stake in shares of Ryman Hospitality Properties in the 4th quarter valued at approximately $28,000. Finally, Aster Capital Management DIFC Ltd bought a new stake in shares of Ryman Hospitality Properties in the 3rd quarter valued at approximately $40,000. 94.48% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on RHP shares. Morgan Stanley upped their price objective 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. Barclays increased their price target on Ryman Hospitality Properties from $110.00 to $120.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Weiss Ratings lowered Ryman Hospitality Properties from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. BMO Capital Markets restated an “outperform” rating and set a $137.00 price target on shares of Ryman Hospitality Properties in a research report on Friday, June 12th. Finally, Truist Financial increased their price target 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. Eleven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Ryman Hospitality Properties currently has an average rating of “Moderate Buy” and a consensus price target of $122.27.

Ryman Hospitality Properties Stock Down 0.8%

NYSE RHP opened at $122.35 on Thursday. The firm has a market cap of $7.72 billion, a PE ratio of 32.28, a price-to-earnings-growth ratio of 2.50 and a beta of 1.22. Ryman Hospitality Properties, Inc. has a one year low of $83.82 and a one year high of $125.00. The stock’s 50 day simple moving average is $109.45 and its 200 day simple moving average is $100.61. The company has a debt-to-equity ratio of 5.15, a current ratio of 1.35 and a quick ratio of 1.35.

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 given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Tuesday, June 30th. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 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.