Cetera Investment Advisers Buys 125 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)

Cetera Investment Advisers raised its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 2.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,469 shares of the real estate investment trust’s stock after acquiring an additional 125 shares during the period. Cetera Investment Advisers’ holdings in Ryman Hospitality Properties were worth $466,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Bank of Montreal Can increased its holdings in Ryman Hospitality Properties by 119.4% in the 4th quarter. Bank of Montreal Can now owns 50,846 shares of the real estate investment trust’s stock valued at $5,305,000 after acquiring an additional 27,672 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Ryman Hospitality Properties by 87.3% in the 4th quarter. Victory Capital Management Inc. now owns 547,639 shares of the real estate investment trust’s stock valued at $57,141,000 after acquiring an additional 255,229 shares during the last quarter. Integrated Quantitative Investments LLC bought a new stake in Ryman Hospitality Properties in the 4th quarter valued at $336,000. Paradigm Asset Management Co. LLC purchased a new position in shares of Ryman Hospitality Properties in the 4th quarter worth $741,000. Finally, ClearAlpha Technologies LP purchased a new position in shares of Ryman Hospitality Properties in the 4th quarter worth $398,000. 94.48% of the stock is currently owned by institutional investors.

Ryman Hospitality Properties Price Performance

Shares of RHP stock opened at $97.44 on Wednesday. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.73. The company has a market capitalization of $5.85 billion, a P/E ratio of 22.20, a P/E/G ratio of 2.71 and a beta of 1.55. The company’s 50-day simple moving average is $90.88 and its two-hundred day simple moving average is $100.60. Ryman Hospitality Properties, Inc. has a one year low of $76.27 and a one year high of $121.77.

Ryman Hospitality Properties (NYSE:RHP) last issued its earnings results on Thursday, May 1st. The real estate investment trust reported $2.08 EPS for the quarter, topping analysts’ consensus estimates of $1.79 by $0.29. The business had revenue of $587.28 million for the quarter, compared to the consensus estimate of $546.52 million. Ryman Hospitality Properties had a net margin of 11.61% and a return on equity of 49.23%. The company’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.60 EPS. As a group, equities analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.81 EPS for the current year.

Ryman Hospitality Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a $1.15 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $4.60 dividend on an annualized basis and a yield of 4.72%. Ryman Hospitality Properties’s dividend payout ratio is currently 97.46%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Wells Fargo & Company restated an “overweight” rating and issued a $101.00 target price (up from $99.00) on shares of Ryman Hospitality Properties in a report on Thursday, May 22nd. Wall Street Zen upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Saturday, March 1st. Jefferies Financial Group reduced their target price on shares of Ryman Hospitality Properties from $118.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th. Wedbush set a $110.00 target price on shares of Ryman Hospitality Properties and gave the stock an “outperform” rating in a report on Tuesday, May 6th. Finally, Truist Financial reduced their target price on shares of Ryman Hospitality Properties from $133.00 to $127.00 and set a “buy” rating on the stock in a report on Friday, March 21st. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $113.00.

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 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.