Jain Global LLC Increases Holdings in Ryman Hospitality Properties, Inc. $RHP

Jain Global LLC lifted its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 143.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 169,432 shares of the real estate investment trust’s stock after acquiring an additional 99,967 shares during the period. Jain Global LLC owned 0.27% of Ryman Hospitality Properties worth $15,179,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Cornerstone Planning Group LLC increased its holdings in Ryman Hospitality Properties by 2,241.7% in the 3rd quarter. Cornerstone Planning Group LLC now owns 281 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 269 shares during the last quarter. Hantz Financial Services Inc. grew its position in shares of Ryman Hospitality Properties by 283.1% during the third quarter. Hantz Financial Services Inc. now owns 295 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 218 shares in the last quarter. Geneos Wealth Management Inc. grew its position in shares of Ryman Hospitality Properties by 240.2% during the first quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 209 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new stake in shares of Ryman Hospitality Properties in the third quarter worth about $40,000. Finally, Smartleaf Asset Management LLC lifted its position in shares of Ryman Hospitality Properties by 140.3% in the second quarter. Smartleaf Asset Management LLC now owns 483 shares of the real estate investment trust’s stock worth $49,000 after buying an additional 282 shares in the last quarter. 94.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $131.00 price objective on shares of Ryman Hospitality Properties in a report on Tuesday, January 13th. Barclays set a $109.00 target price on shares of Ryman Hospitality Properties in a report on Tuesday, January 13th. JPMorgan Chase & Co. reduced their price target on shares of Ryman Hospitality Properties from $113.00 to $111.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 3rd. Morgan Stanley set a $88.00 price target on shares of Ryman Hospitality Properties in a research note on Friday, January 16th. Finally, Evercore reiterated an “outperform” rating and set a $115.00 price objective on shares of Ryman Hospitality Properties in a research report on Friday, February 6th. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $110.82.

Ryman Hospitality Properties Trading Down 2.3%

RHP stock opened at $89.92 on Monday. Ryman Hospitality Properties, Inc. has a twelve month low of $76.27 and a twelve month high of $105.75. The stock has a market capitalization of $5.67 billion, a price-to-earnings ratio of 23.91, a price-to-earnings-growth ratio of 1.73 and a beta of 1.18. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 5.04. The firm’s fifty day simple moving average is $97.06 and its two-hundred day simple moving average is $94.96.

Ryman Hospitality Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given 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 yield of 5.3%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 127.66%.

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.