Ryman Hospitality Properties, Inc. $RHP Shares Purchased by First Dallas Securities Inc.

First Dallas Securities Inc. boosted its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 18.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 35,916 shares of the real estate investment trust’s stock after acquiring an additional 5,576 shares during the quarter. Ryman Hospitality Properties comprises approximately 1.2% of First Dallas Securities Inc.’s portfolio, making the stock its 21st biggest holding. First Dallas Securities Inc. owned about 0.06% of Ryman Hospitality Properties worth $3,314,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Royal Bank of Canada grew its stake in shares of Ryman Hospitality Properties by 44.1% during the 1st quarter. Royal Bank of Canada now owns 39,740 shares of the real estate investment trust’s stock worth $3,634,000 after purchasing an additional 12,169 shares during the period. AQR Capital Management LLC lifted its stake in shares of Ryman Hospitality Properties by 131.0% in the first quarter. AQR Capital Management LLC now owns 13,418 shares of the real estate investment trust’s stock valued at $1,227,000 after purchasing an additional 7,610 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Ryman Hospitality Properties by 8.8% during the first quarter. Goldman Sachs Group Inc. now owns 784,970 shares of the real estate investment trust’s stock worth $71,778,000 after buying an additional 63,507 shares in the last quarter. Jane Street Group LLC boosted its holdings in Ryman Hospitality Properties by 306.5% during the first quarter. Jane Street Group LLC now owns 36,162 shares of the real estate investment trust’s stock worth $3,307,000 after buying an additional 27,267 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its position in Ryman Hospitality Properties by 240.2% during the first quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 209 shares during the period. Institutional investors and hedge funds own 94.48% of the company’s stock.

Ryman Hospitality Properties Stock Performance

NYSE:RHP opened at $127.76 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 5.15. The firm has a 50-day moving average price of $116.01 and a two-hundred day moving average price of $103.40. Ryman Hospitality Properties, Inc. has a twelve month low of $83.82 and a twelve month high of $132.41. The company has a market capitalization of $8.06 billion, a P/E ratio of 33.71, a price-to-earnings-growth ratio of 2.59 and a beta of 1.20.

Ryman Hospitality Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.8%. 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 a number of research analyst reports. Morgan Stanley increased their target price on shares of Ryman Hospitality Properties from $105.00 to $112.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Cantor Fitzgerald boosted their price target 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. Truist Financial upped their price target on Ryman Hospitality Properties from $129.00 to $132.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Raymond James Financial reaffirmed an “outperform” rating and issued a $125.00 price objective on shares of Ryman Hospitality Properties in a research note on Monday, June 8th. Finally, Weiss Ratings cut Ryman Hospitality Properties from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Eleven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Ryman Hospitality Properties currently has a consensus rating of “Moderate Buy” and a consensus target price of $122.27.

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.