Cerity Partners LLC Purchases Shares of 7,009 Ryman Hospitality Properties, Inc. (NYSE:RHP)

Cerity Partners LLC purchased a new stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 7,009 shares of the real estate investment trust’s stock, valued at approximately $771,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Nordea Investment Management AB lifted its holdings in shares of Ryman Hospitality Properties by 22.8% in the 3rd quarter. Nordea Investment Management AB now owns 73,093 shares of the real estate investment trust’s stock valued at $6,148,000 after buying an additional 13,566 shares during the period. DekaBank Deutsche Girozentrale lifted its holdings in shares of Ryman Hospitality Properties by 29.3% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 39,448 shares of the real estate investment trust’s stock valued at $4,336,000 after buying an additional 8,945 shares during the period. Reinhart Partners LLC. lifted its holdings in shares of Ryman Hospitality Properties by 9.6% in the 4th quarter. Reinhart Partners LLC. now owns 437,788 shares of the real estate investment trust’s stock valued at $48,183,000 after buying an additional 38,270 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Ryman Hospitality Properties in the 3rd quarter valued at about $700,000. Finally, Swiss National Bank raised its holdings in Ryman Hospitality Properties by 9.1% in the 3rd quarter. Swiss National Bank now owns 124,600 shares of the real estate investment trust’s stock worth $10,377,000 after purchasing an additional 10,400 shares during the period. Institutional investors and hedge funds own 94.48% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on RHP shares. Raymond James upped their price target on Ryman Hospitality Properties from $115.00 to $135.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Friday, February 23rd. Wells Fargo & Company increased their target price on Ryman Hospitality Properties from $125.00 to $133.00 and gave the company an “overweight” rating in a report on Thursday, March 21st. Finally, Truist Financial increased their target price on Ryman Hospitality Properties from $134.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Ryman Hospitality Properties presently has a consensus rating of “Moderate Buy” and an average target price of $118.00.

Insider Activity

In other news, COO Patrick S. Chaffin sold 16,189 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $119.74, for a total value of $1,938,470.86. Following the completion of the sale, the chief operating officer now directly owns 17,618 shares in the company, valued at $2,109,579.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.00% of the company’s stock.

Ryman Hospitality Properties Price Performance

RHP stock opened at $106.51 on Tuesday. The company has a debt-to-equity ratio of 5.90, a current ratio of 1.97 and a quick ratio of 1.97. The business has a 50 day simple moving average of $115.17 and a 200-day simple moving average of $106.46. The firm has a market capitalization of $6.38 billion, a PE ratio of 20.56, a price-to-earnings-growth ratio of 0.73 and a beta of 1.57. Ryman Hospitality Properties, Inc. has a 1 year low of $79.86 and a 1 year high of $122.91.

Ryman Hospitality Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were given a $1.10 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.13%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 84.94%.

Ryman Hospitality Properties Profile

Ryman Hospitality Properties, Inc (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and entertainment experiences. The Company's holdings include Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; Gaylord National Resort & Convention Center; and Gaylord Rockies Resort & Convention Center, five of the top seven largest non-gaming convention center hotels in the United States based on total indoor meeting space.