Ryman Hospitality Properties, Inc. $RHP Position Lessened by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 1.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 814,405 shares of the real estate investment trust’s stock after selling 9,480 shares during the quarter. Victory Capital Management Inc. owned about 1.29% of Ryman Hospitality Properties worth $72,963,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in RHP. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Ryman Hospitality Properties by 11.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,311 shares of the real estate investment trust’s stock worth $117,000 after acquiring an additional 130 shares during the last quarter. Dakota Wealth Management boosted its stake in Ryman Hospitality Properties by 1.5% during the 3rd quarter. Dakota Wealth Management now owns 9,015 shares of the real estate investment trust’s stock valued at $808,000 after purchasing an additional 135 shares during the period. Texas Yale Capital Corp. grew its position in Ryman Hospitality Properties by 2.2% in the 2nd quarter. Texas Yale Capital Corp. now owns 6,950 shares of the real estate investment trust’s stock worth $686,000 after purchasing an additional 150 shares during the last quarter. Assetmark Inc. increased its stake in shares of Ryman Hospitality Properties by 10.7% in the third quarter. Assetmark Inc. now owns 1,570 shares of the real estate investment trust’s stock valued at $141,000 after purchasing an additional 152 shares during the period. Finally, Osaic Holdings Inc. raised its holdings in shares of Ryman Hospitality Properties by 5.4% during the second quarter. Osaic Holdings Inc. now owns 3,098 shares of the real estate investment trust’s stock valued at $306,000 after buying an additional 160 shares during the last quarter. 94.48% of the stock is currently owned by institutional investors.

Ryman Hospitality Properties Stock Performance

Shares of RHP opened at $98.61 on Friday. The company has a debt-to-equity ratio of 5.04, a current ratio of 1.46 and a quick ratio of 1.46. The firm’s 50 day moving average is $97.32 and its 200-day moving average is $95.09. Ryman Hospitality Properties, Inc. has a 12-month low of $76.27 and a 12-month high of $105.75. The stock has a market capitalization of $6.21 billion, a P/E ratio of 26.23, a P/E/G ratio of 2.63 and a beta of 1.18.

Ryman Hospitality Properties Dividend Announcement

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

Analyst Ratings Changes

Several analysts recently commented on the company. Truist Financial raised their target price on Ryman Hospitality Properties from $120.00 to $121.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. Cantor Fitzgerald lifted their price objective on shares of Ryman Hospitality Properties from $108.00 to $115.00 and gave the company an “overweight” rating in a research note on Tuesday. Wall Street Zen upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Evercore reissued an “outperform” rating and set a $115.00 target price on shares of Ryman Hospitality Properties in a research note on Friday, February 6th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ryman Hospitality Properties in a research note on Wednesday, January 28th. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.