GW&K Investment Management LLC Decreases Holdings in Ryman Hospitality Properties, Inc. $RHP

GW&K Investment Management LLC lowered its position in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 13.9% during the third quarter, HoldingsChannel.com reports. The fund owned 278,263 shares of the real estate investment trust’s stock after selling 45,030 shares during the quarter. GW&K Investment Management LLC’s holdings in Ryman Hospitality Properties were worth $24,930,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. First Dallas Securities Inc. increased its holdings in Ryman Hospitality Properties by 103.9% during the 3rd quarter. First Dallas Securities Inc. now owns 26,050 shares of the real estate investment trust’s stock valued at $2,334,000 after acquiring an additional 13,275 shares in the last quarter. Bayforest Capital Ltd purchased a new position in shares of Ryman Hospitality Properties during the 3rd quarter worth approximately $776,000. Centersquare Investment Management LLC raised its position in shares of Ryman Hospitality Properties by 37.3% during the 3rd quarter. Centersquare Investment Management LLC now owns 52,590 shares of the real estate investment trust’s stock worth $4,712,000 after purchasing an additional 14,296 shares during the last quarter. Strs Ohio raised its position in shares of Ryman Hospitality Properties by 23.3% during the 3rd quarter. Strs Ohio now owns 114,324 shares of the real estate investment trust’s stock worth $10,242,000 after purchasing an additional 21,600 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Ryman Hospitality Properties in the 2nd quarter valued at approximately $344,000. Institutional investors and hedge funds own 94.48% of the company’s stock.

Ryman Hospitality Properties Trading Down 0.8%

Shares of RHP stock opened at $98.61 on Friday. Ryman Hospitality Properties, Inc. has a 1-year low of $76.27 and a 1-year high of $105.75. The firm’s 50-day simple moving average is $97.32 and its 200-day simple moving average is $95.09. The firm has a market cap of $6.21 billion, a P/E ratio of 26.23, a PEG ratio of 2.63 and a beta of 1.18. The company has a debt-to-equity ratio of 5.04, a current ratio of 1.46 and a quick ratio of 1.46.

Ryman Hospitality Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a dividend of $1.20 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $4.80 annualized dividend and a dividend yield of 4.9%. Ryman Hospitality Properties’s payout ratio is currently 127.66%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on RHP shares. Cantor Fitzgerald raised their price target on Ryman Hospitality Properties from $108.00 to $115.00 and gave the stock an “overweight” rating in a research report on Tuesday. JPMorgan Chase & Co. dropped their price objective on Ryman Hospitality Properties from $113.00 to $111.00 and set an “overweight” rating for the company in a research report on Tuesday, February 3rd. Truist Financial boosted their target price on shares of Ryman Hospitality Properties from $120.00 to $121.00 and gave the company a “buy” rating in a research note on Thursday, December 4th. Morgan Stanley set a $88.00 price target on shares of Ryman Hospitality Properties in a research note on Friday, January 16th. Finally, Barclays set a $109.00 price target on shares of Ryman Hospitality Properties in a report on Tuesday, January 13th. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Ryman Hospitality Properties currently has an average rating of “Moderate Buy” and an average target price of $110.82.

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.