Ryman Hospitality Properties, Inc. $RHP Stake Lessened by Penn Capital Management Company LLC

Penn Capital Management Company LLC lowered its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 10.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 121,198 shares of the real estate investment trust’s stock after selling 14,884 shares during the period. Penn Capital Management Company LLC owned approximately 0.19% of Ryman Hospitality Properties worth $11,497,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of RHP. Cornerstone Planning Group LLC lifted its holdings in shares of Ryman Hospitality Properties by 2,241.7% in the third quarter. Cornerstone Planning Group LLC now owns 281 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 269 shares in the last quarter. Hantz Financial Services Inc. lifted its holdings in shares of Ryman Hospitality Properties by 283.1% in the third quarter. Hantz Financial Services Inc. now owns 295 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 218 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of Ryman Hospitality Properties by 240.2% in the first quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 209 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Ryman Hospitality Properties by 61.7% in the third quarter. Caitong International Asset Management Co. Ltd now owns 296 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 113 shares in the last quarter. Finally, Global Retirement Partners LLC lifted its holdings in shares of Ryman Hospitality Properties by 155.0% in the fourth quarter. Global Retirement Partners LLC now owns 283 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 172 shares in the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Price Performance

Shares of NYSE:RHP opened at $114.41 on Wednesday. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 5.15. Ryman Hospitality Properties, Inc. has a 1 year low of $83.82 and a 1 year high of $114.60. The business has a fifty day simple moving average of $100.92 and a 200 day simple moving average of $97.81. The firm has a market cap of $7.22 billion, a price-to-earnings ratio of 30.19, a P/E/G ratio of 2.60 and a beta of 1.22.

Ryman Hospitality Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Tuesday, June 30th. Ryman Hospitality Properties’s dividend payout ratio (DPR) is currently 126.65%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on RHP. Weiss Ratings lowered Ryman Hospitality Properties from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Cantor Fitzgerald increased their target price on Ryman Hospitality Properties from $115.00 to $124.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. Morgan Stanley increased their target price on Ryman Hospitality Properties from $105.00 to $112.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Wells Fargo & Company increased their price objective on Ryman Hospitality Properties from $105.00 to $114.00 and gave the stock an “overweight” rating in a report on Wednesday, April 22nd. Finally, Evercore reiterated an “outperform” rating and set a $115.00 price objective on shares of Ryman Hospitality Properties in a report on Friday, February 6th. Nine research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $117.89.

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.