Gamco Investors INC. ET AL Sells 40,728 Shares of Ryman Hospitality Properties, Inc. $RHP

Gamco Investors INC. ET AL decreased its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 4.2% in the first quarter, Holdings Channel reports. The institutional investor owned 925,191 shares of the real estate investment trust’s stock after selling 40,728 shares during the quarter. Ryman Hospitality Properties accounts for about 0.8% of Gamco Investors INC. ET AL’s holdings, making the stock its 18th biggest position. Gamco Investors INC. ET AL’s holdings in Ryman Hospitality Properties were worth $85,367,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the stock. Norges Bank purchased a new stake in shares of Ryman Hospitality Properties in the fourth quarter worth $48,036,000. Invesco Ltd. raised its position in shares of Ryman Hospitality Properties by 184.9% in the 3rd quarter. Invesco Ltd. now owns 739,608 shares of the real estate investment trust’s stock worth $66,261,000 after purchasing an additional 479,990 shares during the last quarter. Balyasny Asset Management L.P. purchased a new position in shares of Ryman Hospitality Properties in the 3rd quarter worth about $30,975,000. Qube Research & Technologies Ltd purchased a new position in shares of Ryman Hospitality Properties in the 3rd quarter worth about $18,161,000. Finally, UBS Group AG boosted its stake in Ryman Hospitality Properties by 116.3% in the 3rd quarter. UBS Group AG now owns 371,163 shares of the real estate investment trust’s stock worth $33,252,000 after purchasing an additional 199,556 shares in the last quarter. 94.48% of the stock is owned by institutional investors.

Ryman Hospitality Properties Stock Up 3.2%

RHP stock opened at $132.99 on Friday. The stock has a market capitalization of $8.39 billion, a P/E ratio of 35.09, a P/E/G ratio of 2.32 and a beta of 1.20. The company has a debt-to-equity ratio of 5.15, a current ratio of 1.35 and a quick ratio of 1.35. Ryman Hospitality Properties, Inc. has a 1-year low of $83.82 and a 1-year high of $133.75. The business has a fifty day moving average price of $122.35 and a 200-day moving average price of $106.56.

Ryman Hospitality Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 3.6%. The ex-dividend date was Tuesday, June 30th. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 126.65%.

Analyst Ratings Changes

RHP has been the topic of several recent analyst reports. BMO Capital Markets reissued an “outperform” rating and set a $137.00 price objective on shares of Ryman Hospitality Properties in a research report on Friday, June 12th. JPMorgan Chase & Co. lifted their target price on shares of Ryman Hospitality Properties from $113.00 to $129.00 and gave the stock an “overweight” rating in a report on Tuesday. Morgan Stanley upped their target price on shares of Ryman Hospitality Properties from $105.00 to $112.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. Wells Fargo & Company increased their price target on shares of Ryman Hospitality Properties from $126.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Cantor Fitzgerald raised their price target on shares of Ryman Hospitality Properties from $115.00 to $124.00 and gave the company an “overweight” rating in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Ryman Hospitality Properties presently has a consensus rating of “Buy” and an average target price of $127.10.

Ryman Hospitality Properties Company 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.