Danske Bank A S Decreases Holdings in Ryman Hospitality Properties, Inc. $RHP

Danske Bank A S trimmed its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 90.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 700 shares of the real estate investment trust’s stock after selling 6,656 shares during the period. Danske Bank A S’s holdings in Ryman Hospitality Properties were worth $66,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. State of New Jersey Common Pension Fund D lifted its holdings in Ryman Hospitality Properties by 5.5% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 77,483 shares of the real estate investment trust’s stock worth $7,331,000 after buying an additional 4,049 shares during the last quarter. M&T Bank Corp purchased a new stake in Ryman Hospitality Properties during the 4th quarter worth about $832,000. Kestra Private Wealth Services LLC lifted its holdings in Ryman Hospitality Properties by 11.4% during the 4th quarter. Kestra Private Wealth Services LLC now owns 5,088 shares of the real estate investment trust’s stock worth $481,000 after buying an additional 521 shares during the last quarter. Pictet Asset Management Holding SA lifted its holdings in Ryman Hospitality Properties by 11.2% during the 4th quarter. Pictet Asset Management Holding SA now owns 8,926 shares of the real estate investment trust’s stock worth $845,000 after buying an additional 902 shares during the last quarter. Finally, Sanctuary Advisors LLC lifted its holdings in Ryman Hospitality Properties by 18.2% during the 4th quarter. Sanctuary Advisors LLC now owns 7,459 shares of the real estate investment trust’s stock worth $706,000 after buying an additional 1,150 shares during the last quarter. 94.48% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Barclays lifted their target price on Ryman Hospitality Properties from $109.00 to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 7th. Morgan Stanley upgraded Ryman Hospitality Properties from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $88.00 to $105.00 in a research report on Friday, April 10th. Truist Financial lifted their target price on Ryman Hospitality Properties from $121.00 to $129.00 and gave the stock a “buy” rating in a research report on Thursday, March 26th. Cantor Fitzgerald lifted their target price on Ryman Hospitality Properties from $108.00 to $115.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 3rd. Finally, Wells Fargo & Company lifted their target price on Ryman Hospitality Properties from $105.00 to $114.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. Ten research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Ryman Hospitality Properties currently has a consensus rating of “Buy” and a consensus price target of $115.78.

Ryman Hospitality Properties Stock Down 0.6%

RHP opened at $110.27 on Friday. The business’s 50-day simple moving average is $97.71 and its 200-day simple moving average is $95.87. The company has a debt-to-equity ratio of 5.15, a quick ratio of 1.46 and a current ratio of 1.35. Ryman Hospitality Properties, Inc. has a one year low of $83.82 and a one year high of $112.50. The stock has a market capitalization of $6.96 billion, a P/E ratio of 29.10, a price-to-earnings-growth ratio of 2.21 and a beta of 1.22.

Ryman Hospitality Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 4.4%. The ex-dividend date is Tuesday, June 30th. Ryman Hospitality Properties’s payout ratio is 126.65%.

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.