LVZ Inc. Acquires Shares of 7,593 Ryman Hospitality Properties, Inc. $RHP

LVZ Inc. purchased a new position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 7,593 shares of the real estate investment trust’s stock, valued at approximately $701,000.

A number of other institutional investors also recently bought and sold shares of RHP. Hunter Associates Investment Management LLC raised its position in Ryman Hospitality Properties by 17.3% during the 1st quarter. Hunter Associates Investment Management LLC now owns 12,363 shares of the real estate investment trust’s stock worth $1,140,000 after buying an additional 1,827 shares during the last quarter. First Dallas Securities Inc. increased its position in Ryman Hospitality Properties by 18.4% during the 1st quarter. First Dallas Securities Inc. now owns 35,916 shares of the real estate investment trust’s stock worth $3,314,000 after purchasing an additional 5,576 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in shares of Ryman Hospitality Properties during the 1st quarter worth approximately $992,000. Elevation Point Wealth Partners LLC purchased a new position in shares of Ryman Hospitality Properties during the 1st quarter worth approximately $207,000. Finally, Keybank National Association OH lifted its holdings in shares of Ryman Hospitality Properties by 6.2% in the 1st quarter. Keybank National Association OH now owns 4,857 shares of the real estate investment trust’s stock valued at $448,000 after buying an additional 283 shares during the period. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

RHP has been the topic of a number of analyst reports. Barclays lifted their price target on Ryman Hospitality Properties from $110.00 to $120.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Truist Financial raised their target price on Ryman Hospitality Properties from $129.00 to $132.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Raymond James Financial reissued an “outperform” rating and issued a $125.00 target price on shares of Ryman Hospitality Properties in a report on Monday, June 8th. Weiss Ratings cut shares of Ryman Hospitality Properties from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $137.00 price target on shares of Ryman Hospitality Properties in a report on Friday, June 12th. Eleven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $122.27.

Ryman Hospitality Properties Trading Down 0.1%

NYSE:RHP opened at $127.76 on Monday. Ryman Hospitality Properties, Inc. has a 52-week low of $83.82 and a 52-week high of $132.41. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 5.15. The stock has a fifty day simple moving average of $116.01 and a 200-day simple moving average of $103.43. The company has a market capitalization of $8.06 billion, a PE 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 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. This represents a $4.80 annualized dividend and a yield of 3.8%. The ex-dividend date is Tuesday, June 30th. Ryman Hospitality Properties’s dividend payout ratio (DPR) is 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.