Hodges Capital Management Inc. Increases Stake in Ryman Hospitality Properties, Inc. $RHP

Hodges Capital Management Inc. grew its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 206.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 39,141 shares of the real estate investment trust’s stock after purchasing an additional 26,370 shares during the quarter. Hodges Capital Management Inc. owned approximately 0.06% of Ryman Hospitality Properties worth $3,507,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Cornerstone Planning Group LLC boosted its position in Ryman Hospitality Properties by 2,241.7% during the third quarter. Cornerstone Planning Group LLC now owns 281 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 269 shares during the last quarter. Hantz Financial Services Inc. lifted its stake in Ryman Hospitality Properties by 283.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 295 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 218 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings 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 purchasing an additional 209 shares during the last quarter. AlphaQuest LLC grew its position in shares of Ryman Hospitality Properties by 492.9% in the second quarter. AlphaQuest LLC now owns 332 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 276 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Ryman Hospitality Properties by 140.3% in the second quarter. Smartleaf Asset Management LLC now owns 483 shares of the real estate investment trust’s stock valued at $49,000 after purchasing an additional 282 shares during the last quarter. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Ryman Hospitality Properties Price Performance

Ryman Hospitality Properties stock opened at $102.15 on Wednesday. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 4.98. Ryman Hospitality Properties, Inc. has a 52-week low of $76.27 and a 52-week high of $105.51. The firm has a market cap of $6.44 billion, a PE ratio of 27.02, a price-to-earnings-growth ratio of 2.57 and a beta of 1.21. The company’s 50 day moving average is $96.42 and its two-hundred day moving average is $94.51.

Ryman Hospitality Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were given a $1.20 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $4.80 dividend on an annualized basis and a yield of 4.7%. This is an increase from Ryman Hospitality Properties’s previous quarterly dividend of $1.15. Ryman Hospitality Properties’s dividend payout ratio is 126.98%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on RHP. Wall Street Zen upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $131.00 target price on shares of Ryman Hospitality Properties in a research note on Tuesday, January 13th. JPMorgan Chase & Co. decreased their target price on shares of Ryman Hospitality Properties from $113.00 to $111.00 and set an “overweight” rating on the stock in a report on Tuesday, February 3rd. Evercore restated an “outperform” rating and set a $115.00 price target on shares of Ryman Hospitality Properties in a report on Friday, February 6th. Finally, Barclays set a $109.00 price objective on Ryman Hospitality Properties in a report on Tuesday, January 13th. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $110.18.

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.