IFM Investors Pty Ltd Makes New Investment in Ryman Hospitality Properties, Inc. $RHP

IFM Investors Pty Ltd bought a new position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 10,028 shares of the real estate investment trust’s stock, valued at approximately $925,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of RHP. Caitong International Asset Management Co. Ltd grew its holdings in Ryman Hospitality Properties by 61.7% during the third quarter. Caitong International Asset Management Co. Ltd now owns 296 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 113 shares during the period. Global Retirement Partners LLC increased its position in Ryman Hospitality Properties by 155.0% during the 4th quarter. Global Retirement Partners LLC now owns 283 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 172 shares during the period. Geneos Wealth Management Inc. increased 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 acquiring an additional 209 shares during the period. Los Angeles Capital Management LLC bought a new position in shares of Ryman Hospitality Properties during the fourth quarter worth approximately $28,000. Finally, Smartleaf Asset Management LLC raised its holdings in Ryman Hospitality Properties by 140.3% in the 2nd quarter. Smartleaf Asset Management LLC now owns 483 shares of the real estate investment trust’s stock valued at $49,000 after acquiring an additional 282 shares in the last quarter. Institutional investors own 94.48% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Cantor Fitzgerald boosted their target price on shares of Ryman Hospitality Properties from $115.00 to $124.00 and gave the company an “overweight” rating in a research report on Wednesday, May 13th. Truist Financial increased their target price on Ryman Hospitality Properties from $129.00 to $132.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Weiss Ratings lowered shares of Ryman Hospitality Properties from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Raymond James Financial reiterated an “outperform” rating and issued a $125.00 target price on shares of Ryman Hospitality Properties in a report on Monday, June 8th. Finally, Barclays increased their price target on Ryman Hospitality Properties from $110.00 to $120.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Eleven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $122.27.

Ryman Hospitality Properties Stock Down 0.1%

Ryman Hospitality Properties stock opened at $127.76 on Monday. The firm has a market capitalization of $8.06 billion, a price-to-earnings ratio of 33.71, a price-to-earnings-growth ratio of 2.59 and a beta of 1.20. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 5.15. Ryman Hospitality Properties, Inc. has a 1-year low of $83.82 and a 1-year high of $132.41. The firm’s fifty day moving average price is $116.01 and its two-hundred day moving average price is $103.43.

Ryman Hospitality Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a $1.20 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $4.80 annualized dividend and a dividend yield of 3.8%. Ryman Hospitality Properties’s dividend payout ratio is currently 126.65%.

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.