Ryman Hospitality Properties, Inc. $RHP Shares Purchased by KBC Group NV

KBC Group NV lifted its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 1,804.7% in the 1st quarter, Holdings Channel.com reports. The firm owned 66,758 shares of the real estate investment trust’s stock after purchasing an additional 63,253 shares during the quarter. KBC Group NV’s holdings in Ryman Hospitality Properties were worth $6,160,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of RHP. State Street Corp raised its stake in shares of Ryman Hospitality Properties by 0.6% during the 2nd quarter. State Street Corp now owns 3,375,908 shares of the real estate investment trust’s stock worth $336,901,000 after buying an additional 20,756 shares during the period. Geode Capital Management LLC grew its stake in Ryman Hospitality Properties by 0.7% in the 4th 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 acquiring an additional 11,591 shares during the period. Cooke & Bieler LP increased its holdings in Ryman Hospitality Properties by 12.8% in the 4th quarter. Cooke & Bieler LP now owns 1,251,144 shares of the real estate investment trust’s stock worth $118,383,000 after acquiring an additional 142,206 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Ryman Hospitality Properties by 2.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,156,004 shares of the real estate investment trust’s stock worth $109,381,000 after acquiring an additional 33,120 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Ryman Hospitality Properties by 1.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 894,493 shares of the real estate investment trust’s stock worth $84,642,000 after acquiring an additional 13,572 shares during the period. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Price Performance

Ryman Hospitality Properties stock opened at $128.82 on Friday. Ryman Hospitality Properties, Inc. has a 52-week low of $83.82 and a 52-week high of $132.41. The firm has a market capitalization of $8.13 billion, a price-to-earnings ratio of 33.99, a PEG ratio of 2.35 and a beta of 1.20. The company has a fifty day simple moving average of $121.78 and a 200-day simple moving average of $106.37. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 5.15.

Ryman Hospitality Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Tuesday, June 30th. Ryman Hospitality Properties’s dividend payout ratio is currently 126.65%.

Analysts Set New Price Targets

Several research firms have issued reports on RHP. Cantor Fitzgerald increased their price objective on shares of Ryman Hospitality Properties from $115.00 to $124.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. Truist Financial boosted their target price on shares of Ryman Hospitality Properties from $129.00 to $132.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Barclays upped their price target on shares of Ryman Hospitality Properties from $120.00 to $130.00 and gave the stock an “overweight” rating in a research report on Tuesday. Raymond James Financial reaffirmed an “outperform” rating and issued a $125.00 price target on shares of Ryman Hospitality Properties in a research note on Monday, June 8th. Finally, Weiss Ratings cut Ryman Hospitality Properties from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Ten research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $127.10.

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.