Hodges Capital Management Inc. Grows Stock Holdings in Ryman Hospitality Properties, Inc. $RHP

Hodges Capital Management Inc. grew its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 133.6% during the 1st quarter, HoldingsChannel reports. The fund owned 37,508 shares of the real estate investment trust’s stock after buying an additional 21,451 shares during the period. Hodges Capital Management Inc.’s holdings in Ryman Hospitality Properties were worth $3,461,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in RHP. LVZ Inc. bought a new stake in shares of Ryman Hospitality Properties during the 1st quarter valued at $701,000. Hunter Associates Investment Management LLC boosted its stake in Ryman Hospitality Properties by 17.3% in 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 purchasing an additional 1,827 shares during the period. First Dallas Securities Inc. grew its holdings 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 valued at $3,314,000 after buying an additional 5,576 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in Ryman Hospitality Properties during the 1st quarter valued at about $992,000. Finally, Elevation Point Wealth Partners LLC purchased a new position in Ryman Hospitality Properties during the 1st quarter valued at about $207,000. 94.48% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on RHP shares. Wells Fargo & Company increased their price target on shares of Ryman Hospitality Properties from $114.00 to $126.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. JPMorgan Chase & Co. boosted their price objective on shares of Ryman Hospitality Properties from $111.00 to $113.00 and gave the company an “overweight” rating in a research note on Tuesday, May 5th. Raymond James Financial reaffirmed an “outperform” rating and set a $125.00 target price on shares of Ryman Hospitality Properties in a report on Monday, June 8th. Morgan Stanley increased their target price on shares of Ryman Hospitality Properties from $105.00 to $112.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. Finally, Truist Financial raised their price target on shares of Ryman Hospitality Properties from $129.00 to $132.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Eleven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $122.27.

Ryman Hospitality Properties Stock Performance

NYSE RHP opened at $127.88 on Tuesday. Ryman Hospitality Properties, Inc. has a 52-week low of $83.82 and a 52-week high of $132.41. The company has a debt-to-equity ratio of 5.15, a quick ratio of 1.35 and a current ratio of 1.35. The company has a market capitalization of $8.07 billion, a P/E ratio of 33.92, a P/E/G ratio of 2.59 and a beta of 1.20. The company has a fifty day moving average of $116.55 and a 200-day moving average of $103.64.

Ryman Hospitality Properties Dividend Announcement

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