5,558 Shares in Ryman Hospitality Properties, Inc. $RHP Purchased by Iams Wealth Management LLC

Iams Wealth Management LLC bought a new position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,558 shares of the real estate investment trust’s stock, valued at approximately $664,000.

Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC boosted its stake in Ryman Hospitality Properties by 23.6% during the 3rd quarter. GAMMA Investing LLC now owns 3,062 shares of the real estate investment trust’s stock worth $366,000 after purchasing an additional 584 shares during the period. Farther Finance Advisors LLC increased its stake in Ryman Hospitality Properties by 20.0% in the third quarter. Farther Finance Advisors LLC now owns 875 shares of the real estate investment trust’s stock valued at $105,000 after purchasing an additional 146 shares during the period. Cim Investment Management Inc. acquired a new position in Ryman Hospitality Properties in the second quarter valued at $266,000. Sequoia Financial Advisors LLC acquired a new position in Ryman Hospitality Properties in the second quarter valued at $332,000. Finally, NewEdge Advisors LLC purchased a new stake in shares of Ryman Hospitality Properties in the second quarter valued at about $317,000. 94.48% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Raymond James Financial increased their target price on shares of Ryman Hospitality Properties from $125.00 to $130.00 and gave the stock an “outperform” rating in a research note on Monday, September 28th. Jefferies Financial Group restated a “buy” rating and issued a $145.00 price target on shares of Ryman Hospitality Properties in a research report on Wednesday, August 12th. Barclays reduced their price objective on Ryman Hospitality Properties from $147.00 to $143.00 and set an “overweight” rating for the company in a research note on Tuesday. Truist Financial upped their price objective on Ryman Hospitality Properties from $132.00 to $141.00 and gave the company a “buy” rating in a research note on Thursday, September 10th. Finally, Cantor Fitzgerald increased their price objective on Ryman Hospitality Properties from $124.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating and thirteen have issued a Buy rating to the stock. According to data from MarketBeat.com, Ryman Hospitality Properties presently has an average rating of “Buy” and an average target price of $132.42.

Ryman Hospitality Properties Trading Up 2.1%

Shares of Ryman Hospitality Properties stock opened at $125.42 on Friday. Ryman Hospitality Properties, Inc. has a 52-week low of $83.82 and a 52-week high of $137.46. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 5.02. The company’s 50-day simple moving average is $123.40 and its 200-day simple moving average is $118.49. The firm has a market cap of $7.92 billion, a price-to-earnings ratio of 30.67, a price-to-earnings-growth ratio of 1.88 and a beta of 1.22.

Ryman Hospitality Properties (NYSE:RHP) last posted its quarterly earnings results on Friday, August 7th. The real estate investment trust reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.11. The firm had revenue of $748.98 million during the quarter, compared to analysts’ expectations of $734.59 million. Ryman Hospitality Properties had a net margin of 9.91% and a return on equity of 34.54%. The firm’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same period in the prior year, the company posted $2.35 earnings per share. As a group, equities research analysts anticipate that Ryman Hospitality Properties, Inc. will post 9.23 earnings per share for the current year.

Ryman Hospitality Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Wednesday, September 30th. Ryman Hospitality Properties’s dividend payout ratio is 117.36%.

Ryman Hospitality Properties Profile

Ryman Hospitality Properties, Inc (NYSE:RHP) is a real estate investment trust focused on owning and operating high-quality lodging and entertainment assets. The company’s portfolio is centered on large-scale convention center resorts that serve group, business and leisure travelers, with properties designed to combine accommodations, meeting space, dining, retail and entertainment.

Ryman’s flagship hospitality portfolio operates under the Gaylord Hotels brand and includes destination resorts in markets such as Nashville, Tennessee; Orlando, Florida; the Dallas-Fort Worth area; the Washington, DC, area; and the Denver area.