US Bancorp DE Grows Stock Holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP)

US Bancorp DE boosted its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHPGet Rating) by 265.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,064 shares of the real estate investment trust’s stock after buying an additional 3,679 shares during the period. US Bancorp DE’s holdings in Ryman Hospitality Properties were worth $373,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Allspring Global Investments Holdings LLC grew its stake in Ryman Hospitality Properties by 3.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,453 shares of the real estate investment trust’s stock valued at $254,000 after buying an additional 122 shares in the last quarter. First Horizon Advisors Inc. boosted its holdings 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 purchasing an additional 139 shares during the period. Assetmark Inc. boosted its holdings in Ryman Hospitality Properties by 28.3% in the 2nd quarter. Assetmark Inc. now owns 657 shares of the real estate investment trust’s stock valued at $50,000 after purchasing an additional 145 shares during the period. Thrivent Financial for Lutherans boosted its holdings in Ryman Hospitality Properties by 1.0% in the 2nd quarter. Thrivent Financial for Lutherans now owns 20,825 shares of the real estate investment trust’s stock valued at $1,583,000 after purchasing an additional 200 shares during the period. Finally, Inspire Investing LLC boosted its holdings in Ryman Hospitality Properties by 10.3% in the 2nd quarter. Inspire Investing LLC now owns 2,775 shares of the real estate investment trust’s stock valued at $211,000 after purchasing an additional 258 shares during the period. 92.80% of the stock is currently owned by hedge funds and other institutional investors.

Ryman Hospitality Properties Stock Performance

NYSE RHP opened at $87.84 on Tuesday. Ryman Hospitality Properties, Inc. has a 52-week low of $70.46 and a 52-week high of $101.19. The company has a debt-to-equity ratio of 55.18, a quick ratio of 1.61 and a current ratio of 1.61. The company has a market capitalization of $4.85 billion, a P/E ratio of 77.05 and a beta of 1.57. The company has a fifty day moving average of $86.09 and a 200-day moving average of $84.67.

Ryman Hospitality Properties Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 17th. Stockholders of record on Friday, December 30th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend was Thursday, December 29th. Ryman Hospitality Properties’s dividend payout ratio is currently 87.72%.

Analyst Ratings Changes

RHP has been the subject of several analyst reports. Raymond James raised their price target on shares of Ryman Hospitality Properties from $95.00 to $100.00 and gave the company an “outperform” rating in a report on Friday, December 9th. StockNews.com initiated coverage on shares of Ryman Hospitality Properties in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $107.00.

Ryman Hospitality Properties Profile

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Ryman Hospitality Properties, Inc is a real estate investment trust, which engages in owning and operating group-oriented, destination hotel assets in urban and resort markets. It operates through the following segments: Hospitality, Entertainment, and Corporate and Other. The Hospitality segment includes directly-owned hotel properties and hotel operations, as well as the Gaylord Rockies joint venture.

See Also

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Institutional Ownership by Quarter for Ryman Hospitality Properties (NYSE:RHP)

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