Ryman Hospitality Properties, Inc. $RHP Position Raised by GRS Advisors LLC

GRS Advisors LLC grew its position in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 28.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 511,078 shares of the real estate investment trust’s stock after purchasing an additional 114,090 shares during the quarter. Ryman Hospitality Properties makes up 4.3% of GRS Advisors LLC’s investment portfolio, making the stock its 10th largest position. GRS Advisors LLC’s holdings in Ryman Hospitality Properties were worth $45,787,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Cornerstone Planning Group LLC increased its holdings in Ryman Hospitality Properties by 2,241.7% in the third quarter. Cornerstone Planning Group LLC now owns 281 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 269 shares during the last quarter. Hantz Financial Services Inc. lifted its holdings in Ryman Hospitality Properties by 283.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 295 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 218 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings 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 worth $27,000 after buying an additional 209 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of Ryman Hospitality Properties during the 3rd quarter worth about $40,000. Finally, Smartleaf Asset Management LLC boosted its position in shares of Ryman Hospitality Properties by 140.3% during the 2nd quarter. Smartleaf Asset Management LLC now owns 483 shares of the real estate investment trust’s stock worth $49,000 after acquiring an additional 282 shares in the last quarter. 94.48% of the stock is owned by hedge funds and other institutional investors.

Ryman Hospitality Properties Trading Down 2.3%

NYSE RHP opened at $89.92 on Friday. The firm’s fifty day moving average is $97.06 and its two-hundred day moving average is $95.00. Ryman Hospitality Properties, Inc. has a one year low of $76.27 and a one year high of $105.75. The company has a debt-to-equity ratio of 5.04, a quick ratio of 1.46 and a current ratio of 1.46. The firm has a market cap of $5.67 billion, a PE ratio of 23.91, a P/E/G ratio of 1.77 and a beta of 1.18.

Ryman Hospitality Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 5.3%. The ex-dividend date is Tuesday, March 31st. Ryman Hospitality Properties’s payout ratio is 127.66%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Barclays set a $109.00 target price on Ryman Hospitality Properties in a research report on Tuesday, January 13th. Wells Fargo & Company lowered their price target on Ryman Hospitality Properties from $114.00 to $109.00 and set an “overweight” rating for the company in a report on Monday, December 1st. Evercore reiterated an “outperform” rating and issued a $115.00 price target on shares of Ryman Hospitality Properties in a research note on Friday, February 6th. Morgan Stanley set a $88.00 price objective on shares of Ryman Hospitality Properties in a report on Friday, January 16th. Finally, Truist Financial boosted their price objective on shares of Ryman Hospitality Properties from $120.00 to $121.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. Ten equities 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, the company has an average rating of “Moderate Buy” and an average target price of $110.82.

About Ryman Hospitality Properties

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.