Norges Bank Invests $48.04 Million in Ryman Hospitality Properties, Inc. $RHP

Norges Bank purchased a new position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 507,669 shares of the real estate investment trust’s stock, valued at approximately $48,036,000. Norges Bank owned about 0.81% of Ryman Hospitality Properties as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd lifted its stake in shares of Ryman Hospitality Properties by 61.7% during 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 buying an additional 113 shares during the period. Norinchukin Bank The raised its holdings in Ryman Hospitality Properties by 4.2% in the 3rd 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. Dakota Wealth Management lifted its stake in shares of 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 worth $808,000 after purchasing an additional 135 shares during the period. Hunter Associates Investment Management LLC boosted its holdings in shares of Ryman Hospitality Properties by 1.4% during 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 purchasing an additional 145 shares during the last quarter. Finally, Assetmark Inc. grew its position 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. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on RHP. Cantor Fitzgerald increased their target price on Ryman Hospitality Properties from $115.00 to $124.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Wells Fargo & Company increased their price objective on shares of Ryman Hospitality Properties from $114.00 to $126.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Barclays boosted their target price on shares of Ryman Hospitality Properties from $110.00 to $120.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Weiss Ratings lowered shares of Ryman Hospitality Properties from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Ryman Hospitality Properties from $111.00 to $113.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Nine investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Ryman Hospitality Properties has an average rating of “Moderate Buy” and an average price target of $120.33.

Ryman Hospitality Properties Stock Performance

NYSE RHP opened at $119.12 on Monday. The firm has a market capitalization of $7.52 billion, a P/E ratio of 31.43, a P/E/G ratio of 2.75 and a beta of 1.22. Ryman Hospitality Properties, Inc. has a 1-year low of $83.82 and a 1-year high of $119.71. The company has a debt-to-equity ratio of 5.15, a current ratio of 1.35 and a quick ratio of 1.35. The business’s 50-day simple moving average is $104.82 and its 200-day simple moving average is $99.05.

Ryman Hospitality Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a $1.20 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $4.80 annualized dividend and a dividend yield of 4.0%. Ryman Hospitality Properties’s dividend payout ratio is presently 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.