Hamlin Capital Management LLC Grows Holdings in Ryman Hospitality Properties, Inc. $RHP

Hamlin Capital Management LLC raised its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 10.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 987,976 shares of the real estate investment trust’s stock after buying an additional 93,490 shares during the period. Ryman Hospitality Properties comprises about 2.0% of Hamlin Capital Management LLC’s investment portfolio, making the stock its 25th biggest position. Hamlin Capital Management LLC owned 1.57% of Ryman Hospitality Properties worth $88,513,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in 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 acquiring an additional 166,293 shares during the last quarter. State Street Corp increased its position in shares of Ryman Hospitality Properties by 0.6% during the 2nd quarter. State Street Corp now owns 3,375,908 shares of the real estate investment trust’s stock valued at $336,901,000 after purchasing an additional 20,756 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Ryman Hospitality Properties by 0.6% during 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 buying an additional 9,629 shares in the last quarter. American Century Companies Inc. lifted its position 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 worth $119,593,000 after buying an additional 144,870 shares during the last quarter. Finally, Cooke & Bieler LP lifted its position in 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 buying an additional 195,330 shares during the last quarter. 94.48% of the stock is owned by institutional investors.

Ryman Hospitality Properties Price Performance

RHP opened at $89.92 on Monday. 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 stock has a market capitalization of $5.67 billion, a PE ratio of 23.91, a price-to-earnings-growth ratio of 1.73 and a beta of 1.18. The stock’s 50 day moving average price is $97.06 and its 200-day moving average price is $94.96. Ryman Hospitality Properties, Inc. has a 52-week low of $76.27 and a 52-week high of $105.75.

Ryman Hospitality Properties Announces Dividend

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 $1.20 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $4.80 annualized dividend and a yield of 5.3%. Ryman Hospitality Properties’s dividend payout ratio is 127.66%.

Analysts Set New Price Targets

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