Kennedy Capital Management LLC Boosts Stock Position in Ryman Hospitality Properties, Inc. $RHP

Kennedy Capital Management LLC raised its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 7.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 112,253 shares of the real estate investment trust’s stock after purchasing an additional 8,113 shares during the quarter. Kennedy Capital Management LLC’s holdings in Ryman Hospitality Properties were worth $10,621,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in RHP. Royal Bank of Canada grew its stake in Ryman Hospitality Properties by 44.1% during 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 grew its stake in 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 valued at $1,227,000 after purchasing an additional 7,610 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in 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 valued at $71,778,000 after purchasing an additional 63,507 shares during the last quarter. Jane Street Group LLC grew its stake in Ryman Hospitality Properties by 306.5% during the 1st quarter. Jane Street Group LLC now owns 36,162 shares of the real estate investment trust’s stock valued at $3,307,000 after purchasing an additional 27,267 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its stake in Ryman Hospitality Properties by 240.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 209 shares during the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Morgan Stanley upped their target price on Ryman Hospitality Properties from $105.00 to $112.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. Barclays upped their target price on Ryman Hospitality Properties from $110.00 to $120.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Raymond James Financial restated an “outperform” rating and issued a $125.00 target price on shares of Ryman Hospitality Properties in a research note on Monday, June 8th. JPMorgan Chase & Co. upped their target price 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. Finally, Truist Financial upped their target price on Ryman Hospitality Properties from $129.00 to $132.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Eleven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $122.27.

Ryman Hospitality Properties Stock Performance

Shares of RHP stock opened at $122.67 on Monday. The company has a market capitalization of $7.74 billion, a P/E ratio of 32.37, a P/E/G ratio of 2.49 and a beta of 1.22. The business’s 50 day moving average is $107.68 and its two-hundred day moving average is $100.05. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 5.15. Ryman Hospitality Properties, Inc. has a 12-month low of $83.82 and a 12-month high of $123.35.

Ryman Hospitality Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $1.20 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.9%. Ryman Hospitality Properties’s dividend payout ratio is presently 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.