PGGM Investments Acquires 43,166 Shares of Ryman Hospitality Properties, Inc. $RHP

PGGM Investments lifted its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 5.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 785,000 shares of the real estate investment trust’s stock after acquiring an additional 43,166 shares during the period. PGGM Investments owned approximately 1.25% of Ryman Hospitality Properties worth $74,277,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. First Dallas Securities Inc. lifted its holdings in Ryman Hospitality Properties by 103.9% during the 3rd quarter. First Dallas Securities Inc. now owns 26,050 shares of the real estate investment trust’s stock valued at $2,334,000 after purchasing an additional 13,275 shares during the last quarter. Hamlin Capital Management LLC lifted its holdings in Ryman Hospitality Properties by 10.5% during the 3rd quarter. Hamlin Capital Management LLC now owns 987,976 shares of the real estate investment trust’s stock valued at $88,513,000 after purchasing an additional 93,490 shares during the last quarter. Centersquare Investment Management LLC lifted its holdings in Ryman Hospitality Properties by 37.3% during the 3rd quarter. Centersquare Investment Management LLC now owns 52,590 shares of the real estate investment trust’s stock valued at $4,712,000 after purchasing an additional 14,296 shares during the last quarter. Jain Global LLC lifted its holdings in Ryman Hospitality Properties by 143.9% during the 3rd quarter. Jain Global LLC now owns 169,432 shares of the real estate investment trust’s stock valued at $15,179,000 after purchasing an additional 99,967 shares during the last quarter. Finally, Strs Ohio lifted its holdings in Ryman Hospitality Properties by 23.3% during the 3rd quarter. Strs Ohio now owns 114,324 shares of the real estate investment trust’s stock valued at $10,242,000 after purchasing an additional 21,600 shares during the last quarter. 94.48% of the stock is owned by institutional investors.

Ryman Hospitality Properties Trading Up 0.2%

RHP opened at $112.16 on Tuesday. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 5.15. The stock has a market capitalization of $7.08 billion, a PE ratio of 29.59, a PEG ratio of 2.60 and a beta of 1.22. Ryman Hospitality Properties, Inc. has a 1-year low of $83.82 and a 1-year high of $112.51. The firm has a 50-day moving average price of $100.43 and a two-hundred day moving average price of $97.66.

Ryman Hospitality Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be given a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 4.3%. The ex-dividend date is Tuesday, June 30th. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 126.65%.

Analysts Set New Price Targets

RHP has been the subject of several analyst reports. Weiss Ratings downgraded shares of Ryman Hospitality Properties from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Cantor Fitzgerald lifted their price target on shares of Ryman Hospitality Properties from $115.00 to $124.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. Truist Financial lifted their price target on shares of Ryman Hospitality Properties from $121.00 to $129.00 and gave the company a “buy” rating in a report on Thursday, March 26th. JPMorgan Chase & Co. lifted their price target on shares of Ryman Hospitality Properties from $111.00 to $113.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Finally, Evercore reissued an “outperform” rating and set a $115.00 price target on shares of Ryman Hospitality Properties in a report on Friday, February 6th. Nine equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $117.56.

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.