Hamlin Capital Management LLC Sells 43,301 Shares of Ryman Hospitality Properties, Inc. $RHP

Hamlin Capital Management LLC reduced its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 4.2% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 984,218 shares of the real estate investment trust’s stock after selling 43,301 shares during the quarter. Ryman Hospitality Properties accounts for approximately 2.8% of Hamlin Capital Management LLC’s portfolio, making the stock its 21st largest position. Hamlin Capital Management LLC’s holdings in Ryman Hospitality Properties were worth $126,521,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Global Retirement Partners LLC lifted its stake in shares of Ryman Hospitality Properties by 155.0% in the 4th quarter. Global Retirement Partners LLC now owns 283 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 172 shares during the period. International Assets Investment Management LLC increased its holdings in Ryman Hospitality Properties by 437.0% in the first quarter. International Assets Investment Management LLC now owns 290 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 236 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in Ryman Hospitality Properties in the fourth quarter valued at about $28,000. Caitong International Asset Management Co. Ltd boosted its holdings in Ryman Hospitality Properties by 61.7% during the third quarter. Caitong International Asset Management Co. Ltd now owns 296 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 113 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its position in shares of 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 period. Institutional investors and hedge funds own 94.48% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Ryman Hospitality Properties in a research note on Monday. Cantor Fitzgerald lifted their price target on shares of Ryman Hospitality Properties from $115.00 to $124.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Barclays upped their price objective on shares of Ryman Hospitality Properties from $120.00 to $130.00 and gave the company an “overweight” rating in a research report on Tuesday, July 21st. Truist Financial increased their price target on Ryman Hospitality Properties from $129.00 to $132.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Finally, Wells Fargo & Company raised their price target on Ryman Hospitality Properties from $126.00 to $136.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Ten equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $127.10.

Ryman Hospitality Properties Price Performance

RHP stock opened at $127.53 on Thursday. The stock has a 50-day moving average price of $125.70 and a two-hundred day moving average price of $108.83. The stock has a market cap of $8.05 billion, a PE ratio of 33.65, a price-to-earnings-growth ratio of 2.29 and a beta of 1.20. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 5.15. Ryman Hospitality Properties, Inc. has a 1 year low of $83.82 and a 1 year high of $137.46.

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.