Ryman Hospitality Properties, Inc. $RHP Shares Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lifted its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 16.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,060 shares of the real estate investment trust’s stock after purchasing an additional 8,229 shares during the period. Thrivent Financial for Lutherans’ holdings in Ryman Hospitality Properties were worth $5,588,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of RHP. Caitong International Asset Management Co. Ltd lifted its stake in Ryman Hospitality Properties by 61.7% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 296 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 113 shares in the last quarter. Norinchukin Bank The raised its holdings in shares of Ryman Hospitality Properties by 4.2% during the third quarter. Norinchukin Bank The now owns 2,978 shares of the real estate investment trust’s stock valued at $267,000 after acquiring an additional 119 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Ryman Hospitality Properties by 11.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,311 shares of the real estate investment trust’s stock valued at $117,000 after acquiring an additional 130 shares in the last quarter. Dakota Wealth Management boosted its stake in shares of Ryman Hospitality Properties by 1.5% in the third quarter. Dakota Wealth Management now owns 9,015 shares of the real estate investment trust’s stock worth $808,000 after acquiring an additional 135 shares during the last quarter. Finally, Hunter Associates Investment Management LLC boosted its stake in shares of Ryman Hospitality Properties by 1.4% in the fourth quarter. Hunter Associates Investment Management LLC now owns 10,536 shares of the real estate investment trust’s stock worth $1,003,000 after acquiring an additional 145 shares during the last quarter. Institutional investors and hedge funds own 94.48% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. JPMorgan Chase & Co. increased their price objective on Ryman Hospitality Properties from $111.00 to $113.00 and gave the company an “overweight” rating in a research note on Tuesday, May 5th. Wells Fargo & Company increased their target price on shares of Ryman Hospitality Properties from $105.00 to $114.00 and gave the company an “overweight” rating in a research report on Wednesday, April 22nd. Barclays raised their price target on shares of Ryman Hospitality Properties from $109.00 to $110.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 7th. Weiss Ratings cut shares of Ryman Hospitality Properties from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Finally, Morgan Stanley upped their price target on Ryman Hospitality Properties from $105.00 to $112.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Nine investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $117.56.

Ryman Hospitality Properties Stock Performance

Ryman Hospitality Properties stock opened at $112.35 on Friday. The firm has a 50 day simple moving average of $99.69 and a 200-day simple moving average of $97.34. The stock has a market cap of $7.09 billion, a price-to-earnings ratio of 29.64, a price-to-earnings-growth ratio of 2.57 and a beta of 1.22. The company has a debt-to-equity ratio of 5.15, a current ratio of 1.35 and a quick ratio of 1.35. Ryman Hospitality Properties, Inc. has a 1-year low of $83.82 and a 1-year high of $112.50.

Ryman Hospitality Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $1.20 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $4.80 annualized dividend and a yield of 4.3%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is 126.65%.

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.