Cohen & Steers Inc. cut its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP – Free Report) by 3.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 816,958 shares of the real estate investment trust’s stock after selling 32,785 shares during the period. Cohen & Steers Inc.’s holdings in Ryman Hospitality Properties were worth $77,301,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Global Retirement Partners LLC boosted its holdings in Ryman Hospitality Properties by 155.0% in the 4th quarter. Global Retirement Partners LLC now owns 283 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 172 shares during the period. Los Angeles Capital Management LLC bought a new position in Ryman Hospitality Properties in the 4th quarter worth approximately $28,000. Hantz Financial Services Inc. lifted its stake in Ryman Hospitality Properties by 283.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 295 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 218 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in Ryman Hospitality Properties by 61.7% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 296 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 113 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in Ryman Hospitality Properties by 240.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 209 shares in the last quarter. 94.48% of the stock is owned by institutional investors.
Ryman Hospitality Properties Stock Performance
Ryman Hospitality Properties stock opened at $122.67 on Friday. The firm’s fifty day moving average price is $107.68 and its 200-day moving average price is $100.00. The company has a debt-to-equity ratio of 5.15, a quick ratio of 1.35 and a current ratio of 1.35. The stock has a market cap of $7.74 billion, a P/E ratio of 32.37, a price-to-earnings-growth ratio of 2.46 and a beta of 1.22. Ryman Hospitality Properties, Inc. has a fifty-two week low of $83.82 and a fifty-two week high of $123.35.
Ryman Hospitality Properties Announces Dividend
Wall Street Analysts Forecast Growth
Several analysts have issued reports on the stock. Wells Fargo & Company increased their target price on shares of Ryman Hospitality Properties from $114.00 to $126.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Truist Financial increased their target price on shares of Ryman Hospitality Properties from $129.00 to $132.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. BMO Capital Markets reiterated an “outperform” rating and issued a $137.00 target price on shares of Ryman Hospitality Properties in a research note on Friday. Raymond James Financial reiterated an “outperform” rating and issued a $125.00 target price on shares of Ryman Hospitality Properties in a research note on Monday. Finally, JPMorgan Chase & Co. increased their target price on shares of Ryman Hospitality Properties from $111.00 to $113.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. Eleven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $122.27.
About Ryman Hospitality Properties
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.
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