MQS Management LLC Buys Shares of 9,912 Ryman Hospitality Properties, Inc. $RHP

MQS Management LLC purchased a new position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,912 shares of the real estate investment trust’s stock, valued at approximately $915,000. Ryman Hospitality Properties makes up 0.6% of MQS Management LLC’s holdings, making the stock its 12th largest holding.

Several other institutional investors and hedge funds have also made changes to their positions in RHP. Royal Bank of Canada raised its stake in Ryman Hospitality Properties by 44.1% in the 1st quarter. Royal Bank of Canada now owns 39,740 shares of the real estate investment trust’s stock valued at $3,634,000 after purchasing an additional 12,169 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Ryman Hospitality Properties by 131.0% during the 1st quarter. AQR Capital Management LLC now owns 13,418 shares of the real estate investment trust’s stock worth $1,227,000 after purchasing an additional 7,610 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Ryman Hospitality Properties by 8.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 784,970 shares of the real estate investment trust’s stock worth $71,778,000 after purchasing an additional 63,507 shares during the last quarter. Jane Street Group LLC grew its holdings in shares of Ryman Hospitality Properties by 306.5% during the first quarter. Jane Street Group LLC now owns 36,162 shares of the real estate investment trust’s stock worth $3,307,000 after buying an additional 27,267 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in shares of Ryman Hospitality Properties by 240.2% during the first quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 209 shares in the last quarter. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RHP has been the topic of several recent analyst reports. 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 research note on Monday, June 1st. JPMorgan Chase & Co. increased their price target on Ryman Hospitality Properties from $111.00 to $113.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. Weiss Ratings cut Ryman Hospitality Properties from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Morgan Stanley lifted their price objective 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. Finally, Cantor Fitzgerald upped their target price on Ryman Hospitality Properties from $115.00 to $124.00 and gave the company an “overweight” rating in a research note on Wednesday, May 13th. Eleven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $122.27.

Ryman Hospitality Properties Price Performance

Ryman Hospitality Properties stock opened at $128.71 on Wednesday. Ryman Hospitality Properties, Inc. has a 1 year low of $83.82 and a 1 year high of $132.41. The firm has a 50 day moving average price of $114.53 and a 200 day moving average price of $102.82. The company has a market cap of $8.12 billion, a price-to-earnings ratio of 33.96, a PEG ratio of 2.68 and a beta of 1.22. The company has a debt-to-equity ratio of 5.15, a quick ratio of 1.35 and a current ratio of 1.35.

Ryman Hospitality Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Tuesday, June 30th. 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.