CI Investments Inc. Decreases Stake in Ryman Hospitality Properties, Inc. $RHP

CI Investments Inc. lessened its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 11.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 48,553 shares of the real estate investment trust’s stock after selling 6,010 shares during the quarter. CI Investments Inc. owned approximately 0.08% of Ryman Hospitality Properties worth $4,480,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Strs Ohio raised its position in shares of Ryman Hospitality Properties by 10.6% in the 4th quarter. Strs Ohio now owns 126,424 shares of the real estate investment trust’s stock valued at $11,962,000 after purchasing an additional 12,100 shares during the last quarter. Quent Capital LLC purchased a new stake in Ryman Hospitality Properties during the 4th quarter worth approximately $1,135,000. Y Intercept Hong Kong Ltd acquired a new position in Ryman Hospitality Properties during the 1st quarter valued at approximately $992,000. Hsbc Holdings PLC increased its stake in Ryman Hospitality Properties by 18.8% during the 4th quarter. Hsbc Holdings PLC now owns 105,333 shares of the real estate investment trust’s stock valued at $9,967,000 after purchasing an additional 16,682 shares in the last quarter. Finally, Rather & Kittrell Inc. purchased a new position in shares of Ryman Hospitality Properties in the fourth quarter worth $770,000. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Trading Down 1.5%

Shares of Ryman Hospitality Properties stock opened at $128.82 on Friday. The stock has a market cap of $8.13 billion, a PE ratio of 33.99, a price-to-earnings-growth ratio of 2.35 and a beta of 1.20. The firm has a fifty day moving average price of $121.78 and a 200 day moving average price of $106.37. Ryman Hospitality Properties, Inc. has a 1 year low of $83.82 and a 1 year high of $132.41. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a dividend of $1.20 per share. The ex-dividend date was Tuesday, June 30th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.7%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 126.65%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on RHP. Truist Financial raised their target price on Ryman Hospitality Properties from $129.00 to $132.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Weiss Ratings downgraded Ryman Hospitality Properties from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Morgan Stanley increased their price objective on Ryman Hospitality Properties from $105.00 to $112.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Wells Fargo & Company raised their price objective on Ryman Hospitality Properties from $126.00 to $136.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $137.00 target price on shares of Ryman Hospitality Properties in a report on Friday, June 12th. Ten equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $127.10.

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.