Ryman Hospitality Properties, Inc. $RHP Shares Acquired by First Dallas Securities Inc.

First Dallas Securities Inc. boosted its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 103.9% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 26,050 shares of the real estate investment trust’s stock after buying an additional 13,275 shares during the period. First Dallas Securities Inc.’s holdings in Ryman Hospitality Properties were worth $2,334,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RHP. Royal Bank of Canada lifted its holdings in Ryman Hospitality Properties by 44.1% in the 1st quarter. Royal Bank of Canada now owns 39,740 shares of the real estate investment trust’s stock valued at $3,634,000 after acquiring an additional 12,169 shares during the last quarter. AQR Capital Management LLC lifted its stake in Ryman Hospitality Properties by 131.0% during the first quarter. AQR Capital Management LLC now owns 13,418 shares of the real estate investment trust’s stock valued at $1,227,000 after purchasing an additional 7,610 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Ryman Hospitality Properties by 8.8% in the first quarter. Goldman Sachs Group Inc. now owns 784,970 shares of the real estate investment trust’s stock worth $71,778,000 after buying an additional 63,507 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of Ryman Hospitality Properties by 306.5% in the first quarter. Jane Street Group LLC now owns 36,162 shares of the real estate investment trust’s stock valued at $3,307,000 after buying an additional 27,267 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted 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 valued at $27,000 after acquiring an additional 209 shares during the last quarter. 94.48% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on RHP shares. Evercore ISI set a $115.00 target price on Ryman Hospitality Properties and gave the stock an “outperform” rating in a report on Friday. Truist Financial increased their price target on Ryman Hospitality Properties from $120.00 to $121.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $131.00 price target on shares of Ryman Hospitality Properties in a research note on Tuesday, January 13th. Wells Fargo & Company reduced their price objective on shares of Ryman Hospitality Properties from $114.00 to $109.00 and set an “overweight” rating for the company in a research note on Monday, December 1st. Finally, Morgan Stanley set a $88.00 target price on shares of Ryman Hospitality Properties in a report on Friday, January 16th. Eleven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $110.58.

Ryman Hospitality Properties Stock Up 2.4%

Shares of Ryman Hospitality Properties stock opened at $98.04 on Friday. The stock has a 50-day moving average price of $95.29 and a 200 day moving average price of $94.37. The company has a market cap of $6.18 billion, a P/E ratio of 25.94, a P/E/G ratio of 2.50 and a beta of 1.21. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 4.98. Ryman Hospitality Properties, Inc. has a 1 year low of $76.27 and a 1 year high of $105.51.

Ryman Hospitality Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 4.9%. This is a positive change from Ryman Hospitality Properties’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend was Wednesday, December 31st. Ryman Hospitality Properties’s payout ratio is currently 126.98%.

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.