Cohen & Steers Inc. Sells 32,785 Shares of Ryman Hospitality Properties, Inc. $RHP

Cohen & Steers Inc. lowered its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 3.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 816,958 shares of the real estate investment trust’s stock after selling 32,785 shares during the period. Cohen & Steers Inc. owned approximately 1.30% of Ryman Hospitality Properties worth $77,301,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of Ryman Hospitality Properties by 1.9% during the third quarter. Vanguard Group Inc. now owns 9,108,548 shares of the real estate investment trust’s stock valued at $816,035,000 after purchasing an additional 166,293 shares during the period. State Street Corp raised its holdings in shares of Ryman Hospitality Properties by 0.6% during the second quarter. State Street Corp now owns 3,375,908 shares of the real estate investment trust’s stock valued at $336,901,000 after purchasing an additional 20,756 shares during the period. Geode Capital Management LLC raised its holdings in shares of Ryman Hospitality Properties by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 1,588,492 shares of the real estate investment trust’s stock valued at $150,327,000 after purchasing an additional 11,591 shares during the period. Cooke & Bieler LP raised its holdings in shares of Ryman Hospitality Properties by 12.8% during the fourth quarter. Cooke & Bieler LP now owns 1,251,144 shares of the real estate investment trust’s stock valued at $118,383,000 after purchasing an additional 142,206 shares during the period. Finally, Hamlin Capital Management LLC raised its holdings in shares of Ryman Hospitality Properties by 4.2% during the fourth quarter. Hamlin Capital Management LLC now owns 1,029,740 shares of the real estate investment trust’s stock valued at $97,434,000 after purchasing an additional 41,764 shares during the period. Institutional investors and hedge funds own 94.48% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on RHP shares. Truist Financial upped their price objective on shares of Ryman Hospitality Properties from $129.00 to $132.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Barclays upped their price objective 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. Wells Fargo & Company upped their price objective on shares of Ryman Hospitality Properties from $114.00 to $126.00 and gave the company an “overweight” rating in a report on Monday, June 1st. BMO Capital Markets restated an “outperform” rating and issued a $137.00 target price on shares of Ryman Hospitality Properties in a report on Friday. Finally, Weiss Ratings lowered shares of Ryman Hospitality Properties from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Eleven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $122.27.

Ryman Hospitality Properties Trading Up 1.0%

Shares of RHP stock opened at $122.67 on Friday. Ryman Hospitality Properties, Inc. has a 52-week low of $83.82 and a 52-week high of $123.35. The company has a debt-to-equity ratio of 5.15, a quick ratio of 1.35 and a current ratio of 1.35. The company has a 50-day simple moving average of $107.68 and a two-hundred day simple moving average of $100.00. The company has a market capitalization of $7.74 billion, a price-to-earnings ratio of 32.37, a PEG ratio of 2.46 and a beta of 1.22.

Ryman Hospitality Properties Announces Dividend

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 dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Tuesday, June 30th. Ryman Hospitality Properties’s dividend payout ratio is currently 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.