Phocas Financial Corp. Acquires 11,587 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Phocas Financial Corp. lifted its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP – Get Rating) by 9.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 138,640 shares of the real estate investment trust’s stock after purchasing an additional 11,587 shares during the quarter. Ryman Hospitality Properties accounts for about 1.6% of Phocas Financial Corp.’s portfolio, making the stock its 3rd biggest position. Phocas Financial Corp.’s holdings in Ryman Hospitality Properties were worth $11,338,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. KB Financial Partners LLC acquired a new stake in Ryman Hospitality Properties in the 1st quarter valued at approximately $25,000. Lazard Asset Management LLC raised its position in Ryman Hospitality Properties by 667.4% in the 1st quarter. Lazard Asset Management LLC now owns 330 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 287 shares during the last quarter. Covestor Ltd raised its position in Ryman Hospitality Properties by 878.2% in the 1st quarter. Covestor Ltd now owns 851 shares of the real estate investment trust’s stock valued at $79,000 after buying an additional 764 shares during the last quarter. Captrust Financial Advisors acquired a new stake in Ryman Hospitality Properties in the 2nd quarter valued at approximately $89,000. Finally, Cetera Advisor Networks LLC acquired a new stake in Ryman Hospitality Properties in the 1st quarter valued at approximately $201,000. Institutional investors and hedge funds own 92.80% of the company’s stock.

Ryman Hospitality Properties Stock Performance

Shares of NYSE RHP traded down $3.63 during midday trading on Friday, hitting $84.44. 872,998 shares of the company’s stock were exchanged, compared to its average volume of 351,306. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 29.85. Ryman Hospitality Properties, Inc. has a 12 month low of $70.46 and a 12 month high of $101.19. The company’s 50 day moving average price is $90.26 and its 200 day moving average price is $86.33. The firm has a market capitalization of $4.66 billion, a PE ratio of 37.04 and a beta of 1.56.

Ryman Hospitality Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 17th. Stockholders of record on Friday, March 31st will be paid a dividend of $0.75 per share. This is an increase from Ryman Hospitality Properties’s previous quarterly dividend of $0.25. This represents a $3.00 annualized dividend and a dividend yield of 3.55%. The ex-dividend date is Thursday, March 30th. Ryman Hospitality Properties’s payout ratio is currently 131.58%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on RHP shares. Deutsche Bank Aktiengesellschaft dropped their target price on Ryman Hospitality Properties from $126.00 to $120.00 and set a “buy” rating on the stock in a research report on Monday, February 27th. Raymond James raised their price target on Ryman Hospitality Properties from $95.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, December 9th. TheStreet upgraded Ryman Hospitality Properties from a “c” rating to a “b-” rating in a research note on Friday, February 24th. Finally, StockNews.com assumed coverage on Ryman Hospitality Properties in a research note on Thursday. They issued a “hold” rating for the company. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $106.80.

Ryman Hospitality Properties Profile

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Ryman Hospitality Properties, Inc is a real estate investment trust, which engages in owning and operating group-oriented, destination hotel assets in urban and resort markets. It operates through the following segments: Hospitality, Entertainment, and Corporate and Other. The Hospitality segment includes directly-owned hotel properties and hotel operations, as well as the Gaylord Rockies joint venture.