Sei Investments Co. Sells 6,685 Shares of Ryman Hospitality Properties, Inc. $RHP

Sei Investments Co. decreased its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 3.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 185,835 shares of the real estate investment trust’s stock after selling 6,685 shares during the period. Sei Investments Co. owned about 0.29% of Ryman Hospitality Properties worth $17,147,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in RHP. Lido Advisors LLC increased its stake in Ryman Hospitality Properties by 25.0% in the 1st quarter. Lido Advisors LLC now owns 5,413 shares of the real estate investment trust’s stock worth $506,000 after buying an additional 1,081 shares during the period. First Trust Advisors LP increased its position in shares of Ryman Hospitality Properties by 108.2% during the first quarter. First Trust Advisors LP now owns 89,275 shares of the real estate investment trust’s stock worth $8,237,000 after acquiring an additional 46,392 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Ryman Hospitality Properties by 5.5% during the first quarter. PNC Financial Services Group Inc. now owns 20,122 shares of the real estate investment trust’s stock worth $1,857,000 after acquiring an additional 1,045 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Ryman Hospitality Properties by 2.1% during the first quarter. Dimensional Fund Advisors LP now owns 913,107 shares of the real estate investment trust’s stock worth $84,251,000 after acquiring an additional 18,614 shares during the period. Finally, KBC Group NV raised its stake in shares of Ryman Hospitality Properties by 1,804.7% during the first quarter. KBC Group NV now owns 66,758 shares of the real estate investment trust’s stock valued at $6,160,000 after acquiring an additional 63,253 shares in the last quarter. 94.48% of the stock is owned by hedge funds and other institutional investors.

Ryman Hospitality Properties Price Performance

RHP opened at $135.52 on Thursday. The business’s 50-day moving average is $123.92 and its two-hundred day moving average is $107.54. Ryman Hospitality Properties, Inc. has a 1 year low of $83.82 and a 1 year high of $137.46. 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 firm has a market capitalization of $8.55 billion, a PE ratio of 35.76, a price-to-earnings-growth ratio of 2.44 and a beta of 1.20.

Ryman Hospitality Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Tuesday, June 30th. Ryman Hospitality Properties’s dividend payout ratio (DPR) is currently 126.65%.

Analysts Set New Price Targets

A number of analysts recently issued reports on RHP shares. Cantor Fitzgerald boosted their price target on Ryman Hospitality Properties from $115.00 to $124.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. Weiss Ratings downgraded Ryman Hospitality Properties from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Wells Fargo & Company lifted their target price on Ryman Hospitality Properties from $126.00 to $136.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Barclays upped their target price on Ryman Hospitality Properties from $120.00 to $130.00 and gave the stock an “overweight” rating in a report on Tuesday, July 21st. Finally, BMO Capital Markets reissued an “outperform” rating and set a $137.00 price target on shares of Ryman Hospitality Properties in a research report on Friday, June 12th. Ten equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Ryman Hospitality Properties presently has an average rating of “Moderate Buy” and an average target price 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.