Ryman Hospitality Properties, Inc. $RHP Shares Bought by Vestcor Inc

Vestcor Inc increased its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 87.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 30,714 shares of the real estate investment trust’s stock after purchasing an additional 14,346 shares during the period. Vestcor Inc’s holdings in Ryman Hospitality Properties were worth $2,752,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently made changes to their positions in the company. First Dallas Securities Inc. raised its holdings in Ryman Hospitality Properties by 103.9% during the 3rd quarter. First Dallas Securities Inc. now owns 26,050 shares of the real estate investment trust’s stock worth $2,334,000 after purchasing an additional 13,275 shares during the last quarter. Bayforest Capital Ltd bought a new stake in shares of Ryman Hospitality Properties in the 3rd quarter valued at about $776,000. Centersquare Investment Management LLC lifted its position in Ryman Hospitality Properties by 37.3% during the third quarter. Centersquare Investment Management LLC now owns 52,590 shares of the real estate investment trust’s stock worth $4,712,000 after acquiring an additional 14,296 shares during the last quarter. Strs Ohio raised its position in shares of Ryman Hospitality Properties by 23.3% in the third quarter. Strs Ohio now owns 114,324 shares of the real estate investment trust’s stock valued at $10,242,000 after buying an additional 21,600 shares in the last quarter. Finally, Bessemer Group Inc. lifted its holdings in shares of Ryman Hospitality Properties by 21.4% during the 3rd quarter. Bessemer Group Inc. now owns 318,888 shares of the real estate investment trust’s stock worth $28,570,000 after acquiring an additional 56,189 shares during the period. 94.48% of the stock is owned by institutional investors.

Ryman Hospitality Properties Price Performance

RHP opened at $94.50 on Wednesday. Ryman Hospitality Properties, Inc. has a 52-week low of $76.27 and a 52-week high of $105.75. The stock has a market capitalization of $5.95 billion, a P/E ratio of 25.13, a P/E/G ratio of 1.83 and a beta of 1.18. The company has a debt-to-equity ratio of 5.04, a quick ratio of 1.46 and a current ratio of 1.46. The company’s 50-day simple moving average is $97.20 and its two-hundred day simple moving average is $95.07.

Ryman Hospitality Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a $1.20 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $4.80 annualized dividend and a dividend yield of 5.1%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is 127.66%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on RHP. Cantor Fitzgerald raised their price objective 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. Truist Financial increased their price objective on shares of Ryman Hospitality Properties from $120.00 to $121.00 and gave the company a “buy” rating in a research note on Thursday, December 4th. Wells Fargo & Company decreased their price objective on Ryman Hospitality Properties from $114.00 to $109.00 and set an “overweight” rating for the company in a report on Monday, December 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of Ryman Hospitality Properties in a research note on Wednesday, January 28th. Finally, Barclays set a $109.00 price target on Ryman Hospitality Properties in a research report on Tuesday, January 13th. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $110.82.

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.