Ryman Hospitality Properties, Inc. $RHP Shares Bought by Reinhart Partners LLC.

Reinhart Partners LLC. raised its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 11.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 671,964 shares of the real estate investment trust’s stock after buying an additional 68,427 shares during the period. Ryman Hospitality Properties comprises about 1.9% of Reinhart Partners LLC.’s holdings, making the stock its 26th largest position. Reinhart Partners LLC. owned 1.07% of Ryman Hospitality Properties worth $63,583,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Ryman Hospitality Properties by 1.9% in 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 buying an additional 166,293 shares in the last quarter. State Street Corp raised its stake in Ryman Hospitality Properties by 0.6% in 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 buying an additional 20,756 shares in the last quarter. Geode Capital Management LLC raised its stake in Ryman Hospitality Properties by 0.7% in 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 buying an additional 11,591 shares in the last quarter. Cooke & Bieler LP raised its stake in Ryman Hospitality Properties by 12.8% in 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 buying an additional 142,206 shares in the last quarter. Finally, Hamlin Capital Management LLC raised its stake in Ryman Hospitality Properties by 4.2% in 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 buying an additional 41,764 shares in the last quarter. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

RHP has been the topic of a number of analyst reports. Barclays raised their price target on Ryman Hospitality Properties from $110.00 to $120.00 and gave the company an “overweight” rating in a research note on Monday. Cantor Fitzgerald lifted their target price on Ryman Hospitality Properties from $115.00 to $124.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Evercore reiterated an “outperform” rating and set a $115.00 target price on shares of Ryman Hospitality Properties in a research report on Friday, February 6th. Wells Fargo & Company lifted their target price on Ryman Hospitality Properties from $114.00 to $126.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Morgan Stanley lifted their target price on Ryman Hospitality Properties from $105.00 to $112.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Nine equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $120.33.

Ryman Hospitality Properties Stock Up 0.1%

RHP opened at $115.25 on Wednesday. The business’s 50-day simple moving average is $102.80 and its 200-day simple moving average is $98.42. 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, Inc. has a one year low of $83.82 and a one year high of $117.18. The stock has a market capitalization of $7.27 billion, a P/E ratio of 30.41, a price-to-earnings-growth ratio of 2.67 and a beta of 1.22.

Ryman Hospitality Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 4.2%. The ex-dividend date is Tuesday, June 30th. Ryman Hospitality Properties’s payout ratio is 126.65%.

Ryman Hospitality Properties Company 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.