Cbre Investment Management Listed Real Assets LLC Buys 5,501 Shares of Ryman Hospitality Properties, Inc. $RHP

Cbre Investment Management Listed Real Assets LLC grew its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 5.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 109,229 shares of the real estate investment trust’s stock after buying an additional 5,501 shares during the period. Cbre Investment Management Listed Real Assets LLC’s holdings in Ryman Hospitality Properties were worth $9,786,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Ryman Hospitality Properties by 1.9% in the third quarter. Vanguard Group Inc. now owns 9,108,548 shares of the real estate investment trust’s stock valued at $816,035,000 after buying an additional 166,293 shares during the period. State Street Corp increased its stake in Ryman Hospitality Properties by 0.6% during the second quarter. State Street Corp now owns 3,375,908 shares of the real estate investment trust’s stock valued at $336,901,000 after acquiring an additional 20,756 shares during the period. Geode Capital Management LLC raised its holdings in Ryman Hospitality Properties by 0.6% in the 2nd quarter. Geode Capital Management LLC now owns 1,502,288 shares of the real estate investment trust’s stock valued at $148,248,000 after acquiring an additional 9,629 shares in the last quarter. American Century Companies Inc. raised its holdings in Ryman Hospitality Properties by 13.6% in the 2nd quarter. American Century Companies Inc. now owns 1,212,052 shares of the real estate investment trust’s stock valued at $119,593,000 after acquiring an additional 144,870 shares in the last quarter. Finally, Cooke & Bieler LP lifted its position in shares of Ryman Hospitality Properties by 21.4% in the 3rd quarter. Cooke & Bieler LP now owns 1,108,938 shares of the real estate investment trust’s stock worth $99,350,000 after acquiring an additional 195,330 shares during the period. Institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Price Performance

Ryman Hospitality Properties stock opened at $95.23 on Thursday. The company has a debt-to-equity ratio of 5.04, a current ratio of 1.46 and a quick ratio of 1.46. The company has a market capitalization of $6.00 billion, a PE ratio of 25.33, a price-to-earnings-growth ratio of 1.82 and a beta of 1.18. Ryman Hospitality Properties, Inc. has a one year low of $76.27 and a one year high of $105.75. The business has a 50 day simple moving average of $97.22 and a 200 day simple moving average of $95.07.

Ryman Hospitality Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be issued a dividend of $1.20 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $4.80 dividend on an annualized basis and a dividend yield of 5.0%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 127.66%.

Analyst Ratings Changes

Several analysts have recently weighed in on RHP shares. Weiss Ratings reissued a “hold (c)” rating on shares of Ryman Hospitality Properties in a report on Wednesday, January 28th. JPMorgan Chase & Co. cut their target price on Ryman Hospitality Properties from $113.00 to $111.00 and set an “overweight” rating for the company in a research note on Tuesday, February 3rd. Barclays set a $109.00 price target on shares of Ryman Hospitality Properties in a research note on Tuesday, January 13th. Morgan Stanley set a $88.00 price target on shares of Ryman Hospitality Properties in a report on Friday, January 16th. Finally, Wells Fargo & Company dropped their price objective on shares of Ryman Hospitality Properties from $114.00 to $109.00 and set an “overweight” rating for the company in a research note on Monday, December 1st. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $110.82.

Ryman Hospitality Properties 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.