Keeler Thomas Management LLC Buys 15,625 Shares of Ryman Hospitality Properties, Inc. $RHP

Keeler Thomas Management LLC grew its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 203.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 23,289 shares of the real estate investment trust’s stock after purchasing an additional 15,625 shares during the period. Ryman Hospitality Properties comprises approximately 1.1% of Keeler Thomas Management LLC’s portfolio, making the stock its 26th biggest position. Keeler Thomas Management LLC’s holdings in Ryman Hospitality Properties were worth $2,204,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. increased its holdings in Ryman Hospitality Properties by 283.1% during 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. Caitong International Asset Management Co. Ltd grew 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 acquiring an additional 113 shares in the last quarter. Global Retirement Partners LLC grew 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 acquiring an additional 172 shares in the last quarter. Geneos Wealth Management Inc. grew 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 acquiring an additional 209 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in shares of Ryman Hospitality Properties in the fourth quarter valued at approximately $28,000. 94.48% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on RHP shares. Truist Financial upped their target price on Ryman Hospitality Properties from $129.00 to $132.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. JPMorgan Chase & Co. upped their target price on Ryman Hospitality Properties from $111.00 to $113.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Barclays upped their target price on Ryman Hospitality Properties from $110.00 to $120.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Wells Fargo & Company upped their target price on Ryman Hospitality Properties from $114.00 to $126.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Finally, Morgan Stanley upped 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. Ten investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Ryman Hospitality Properties currently has a consensus rating of “Moderate Buy” and an average target price of $120.80.

Ryman Hospitality Properties Price Performance

Shares of NYSE RHP opened at $121.67 on Friday. The stock has a fifty day simple moving average of $107.08 and a two-hundred day simple moving average of $99.84. Ryman Hospitality Properties, Inc. has a 1-year low of $83.82 and a 1-year high of $122.46. The firm has a market cap of $7.68 billion, a price-to-earnings ratio of 32.10, a price-to-earnings-growth ratio of 2.41 and a beta of 1.22. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be given a dividend of $1.20 per share. The ex-dividend date is Tuesday, June 30th. This represents a $4.80 annualized dividend and a dividend yield of 3.9%. Ryman Hospitality Properties’s dividend payout ratio is currently 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.