Ryman Hospitality Properties, Inc. $RHP Stock Position Raised by Entropy Technologies LP

Entropy Technologies LP increased its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 116.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,173 shares of the real estate investment trust’s stock after acquiring an additional 11,946 shares during the quarter. Entropy Technologies LP’s holdings in Ryman Hospitality Properties were worth $2,046,000 at the end of the most recent quarter.

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

Ryman Hospitality Properties Stock Performance

Shares of NYSE RHP opened at $132.99 on Monday. 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 stock has a 50 day simple moving average of $122.35 and a 200-day simple moving average of $106.65. The company has a market cap of $8.39 billion, a PE ratio of 35.09, a P/E/G ratio of 2.39 and a beta of 1.20. Ryman Hospitality Properties, Inc. has a 12-month low of $83.82 and a 12-month high of $133.75.

Ryman Hospitality Properties Dividend Announcement

The firm also recently announced 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 of this dividend was Tuesday, June 30th. This represents a $4.80 annualized dividend and a yield of 3.6%. Ryman Hospitality Properties’s payout ratio is presently 126.65%.

Analysts Set New Price Targets

A number of brokerages recently commented on RHP. JPMorgan Chase & Co. upped their price objective on Ryman Hospitality Properties from $113.00 to $129.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 21st. Weiss Ratings cut Ryman Hospitality Properties from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Morgan Stanley boosted their price target 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. 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, Cantor Fitzgerald increased their price objective on shares of Ryman Hospitality Properties from $115.00 to $124.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Ryman Hospitality Properties currently has a consensus rating of “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.