Ryman Hospitality Properties, Inc. $RHP Position Increased by Public Sector Pension Investment Board

Public Sector Pension Investment Board lifted its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 30.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 266,467 shares of the real estate investment trust’s stock after buying an additional 61,955 shares during the quarter. Public Sector Pension Investment Board’s holdings in Ryman Hospitality Properties were worth $23,873,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of RHP. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Ryman Hospitality Properties by 11.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,311 shares of the real estate investment trust’s stock valued at $117,000 after buying an additional 130 shares during the last quarter. Yousif Capital Management LLC boosted its stake in Ryman Hospitality Properties by 0.8% in the second quarter. Yousif Capital Management LLC now owns 16,310 shares of the real estate investment trust’s stock valued at $1,609,000 after acquiring an additional 132 shares during the period. Texas Yale Capital Corp. grew its holdings in shares of Ryman Hospitality Properties by 2.2% during the second quarter. Texas Yale Capital Corp. now owns 6,950 shares of the real estate investment trust’s stock valued at $686,000 after purchasing an additional 150 shares during the last quarter. Osaic Holdings Inc. raised its position in shares of Ryman Hospitality Properties by 5.4% during the 2nd quarter. Osaic Holdings Inc. now owns 3,098 shares of the real estate investment trust’s stock worth $306,000 after purchasing an additional 160 shares during the period. Finally, Beacon Investment Advisors LLC raised its position in shares of Ryman Hospitality Properties by 0.5% during the 2nd quarter. Beacon Investment Advisors LLC now owns 30,752 shares of the real estate investment trust’s stock worth $3,092,000 after purchasing an additional 162 shares during the period. 94.48% of the stock is owned by institutional investors and hedge funds.

Ryman Hospitality Properties Stock Performance

Shares of RHP opened at $100.46 on Friday. The firm has a market capitalization of $6.33 billion, a PE ratio of 26.58, a P/E/G ratio of 2.56 and a beta of 1.21. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 4.98. The firm has a 50-day moving average price of $96.03 and a 200 day moving average price of $94.45. Ryman Hospitality Properties, Inc. has a 52-week low of $76.27 and a 52-week high of $105.51.

Ryman Hospitality Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were paid a dividend of $1.20 per share. This is a boost from Ryman Hospitality Properties’s previous quarterly dividend of $1.15. This represents a $4.80 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date was Wednesday, December 31st. Ryman Hospitality Properties’s dividend payout ratio (DPR) is 126.98%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of Ryman Hospitality Properties in a research report on Wednesday, January 28th. JPMorgan Chase & Co. reduced their price target on shares of Ryman Hospitality Properties from $113.00 to $111.00 and set an “overweight” rating for the company in a report on Tuesday, February 3rd. Wells Fargo & Company lowered their price target on shares of Ryman Hospitality Properties from $114.00 to $109.00 and set an “overweight” rating for the company in a research report on Monday, December 1st. Wall Street Zen upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Morgan Stanley set a $88.00 price target on Ryman Hospitality Properties in a report on Friday, January 16th. Eleven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Ryman Hospitality Properties has an average rating of “Moderate Buy” and an average price target of $110.58.

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.