Truist Financial Corp reduced its position in Ryman Hospitality Properties, Inc. (NYSE:RHP – Get Rating) by 3.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,935 shares of the real estate investment trust’s stock after selling 1,151 shares during the period. Truist Financial Corp’s holdings in Ryman Hospitality Properties were worth $2,130,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of RHP. KB Financial Partners LLC bought a new position in shares of Ryman Hospitality Properties in the 1st quarter worth $25,000. Trust Co. of Vermont purchased a new stake in Ryman Hospitality Properties in the 2nd quarter valued at $30,000. Lazard Asset Management LLC raised its position in Ryman Hospitality Properties by 667.4% in the 1st quarter. Lazard Asset Management LLC now owns 330 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 287 shares during the last quarter. First Horizon Advisors Inc. raised its position in Ryman Hospitality Properties by 52.3% in the 2nd quarter. First Horizon Advisors Inc. now owns 405 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 139 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Ryman Hospitality Properties in the 2nd quarter valued at $38,000. 92.80% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of equities research analysts recently commented on the company. Raymond James increased their price target on Ryman Hospitality Properties from $95.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, December 9th. StockNews.com assumed coverage on Ryman Hospitality Properties in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $107.00.
Ryman Hospitality Properties Trading Down 1.4 %
Ryman Hospitality Properties Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 17th. Stockholders of record on Friday, December 30th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.17%. The ex-dividend date is Thursday, December 29th. Ryman Hospitality Properties’s dividend payout ratio is presently 87.72%.
About Ryman Hospitality Properties
Ryman Hospitality Properties, Inc (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and country music entertainment experiences. The Company's core holdings* include a network of five of the top 10 largest non-gaming convention center hotels in the United States based on total indoor meeting space.
- Get a free copy of the StockNews.com research report on Ryman Hospitality Properties (RHP)
- Michael Burry is Bearish on Stocks Again and Heres Why
- Don’t Miss These 2 Mid-Cap Techs That Broke Out Last Week
- Is Macau a Sinking Ship for Wynn Resorts?
- Is Walgreens Boots Alliance Earnings Miss Good For Investors?
- Why Warner Bros Discovery Is the S&P’s Hottest Stock
Receive News & Ratings for Ryman Hospitality Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ryman Hospitality Properties and related companies with MarketBeat.com's FREE daily email newsletter.