Cooke & Bieler LP decreased its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP – Free Report) by 8.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 966,928 shares of the real estate investment trust’s stock after selling 84,123 shares during the period. Ryman Hospitality Properties makes up 1.7% of Cooke & Bieler LP’s portfolio, making the stock its 16th largest position. Cooke & Bieler LP’s holdings in Ryman Hospitality Properties were worth $115,577,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC boosted its stake in Ryman Hospitality Properties by 437.0% in the first quarter. International Assets Investment Management LLC now owns 290 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 236 shares during the last quarter. Global Retirement Partners LLC bought a new position in shares of Ryman Hospitality Properties during the 2nd quarter valued at approximately $43,000. Trust Co. of Vermont purchased a new stake in shares of Ryman Hospitality Properties during the 2nd quarter worth approximately $51,000. Fifth Third Bancorp increased its stake in shares of Ryman Hospitality Properties by 34.2% during the 1st quarter. Fifth Third Bancorp now owns 860 shares of the real estate investment trust’s stock worth $79,000 after purchasing an additional 219 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its stake in shares of Ryman Hospitality Properties by 20.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 875 shares of the real estate investment trust’s stock worth $105,000 after purchasing an additional 146 shares during the last quarter. 94.48% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on RHP shares. Truist Financial lifted their price target on shares of Ryman Hospitality Properties from $132.00 to $141.00 and gave the stock a “buy” rating in a report on Thursday, September 10th. Wells Fargo & Company increased their price objective on Ryman Hospitality Properties from $126.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Cantor Fitzgerald raised their target price on Ryman Hospitality Properties from $124.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 11th. Zacks Research raised Ryman Hospitality Properties from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 12th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $145.00 target price on shares of Ryman Hospitality Properties in a research note on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating and thirteen have issued a Buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $133.17.
Check Out Our Latest Stock Analysis on Ryman Hospitality Properties
Ryman Hospitality Properties Price Performance
Shares of NYSE:RHP opened at $130.34 on Thursday. The company has a 50 day moving average of $123.93 and a 200 day moving average of $119.51. The stock has a market cap of $8.23 billion, a P/E ratio of 31.87, a P/E/G ratio of 1.98 and a beta of 1.22. Ryman Hospitality Properties, Inc. has a 12 month low of $83.82 and a 12 month high of $137.46. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 5.02.
Ryman Hospitality Properties (NYSE:RHP – Get Free Report) last posted its earnings results on Friday, August 7th. The real estate investment trust reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.11. Ryman Hospitality Properties had a net margin of 9.91% and a return on equity of 34.54%. The business had revenue of $748.98 million for the quarter, compared to analyst estimates of $734.59 million. During the same quarter in the prior year, the firm posted $2.35 EPS. Ryman Hospitality Properties’s revenue was up 13.6% on a year-over-year basis. As a group, sell-side analysts forecast that Ryman Hospitality Properties, Inc. will post 9.23 EPS for the current fiscal year.
Ryman Hospitality Properties Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were issued a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Wednesday, September 30th. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 117.36%.
Ryman Hospitality Properties Profile
Ryman Hospitality Properties, Inc is a real estate investment trust that owns and invests in high-quality lodging and entertainment properties. The company focuses primarily on large-scale, group-oriented convention center resorts that serve business conferences, meetings, and leisure travelers.
Ryman’s portfolio includes the Gaylord Hotels properties: Gaylord Opryland Resort & Convention Center in Nashville, Tennessee; Gaylord Palms Resort & Convention Center near Orlando, Florida; Gaylord Texan Resort & Convention Center near Dallas, Texas; Gaylord National Resort & Convention Center near Washington, DC; and Gaylord Rockies Resort & Convention Center near Denver, Colorado.
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