Norges Bank Takes $48.04 Million Position in Ryman Hospitality Properties, Inc. $RHP

Norges Bank purchased a new stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHPFree Report) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 507,669 shares of the real estate investment trust’s stock, valued at approximately $48,036,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. lifted its holdings 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 buying an additional 218 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its position 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 valued at $27,000 after buying an additional 113 shares during the last quarter. Global Retirement Partners LLC grew its stake in shares of Ryman Hospitality Properties by 155.0% during the fourth quarter. Global Retirement Partners LLC now owns 283 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 172 shares in the last quarter. Geneos Wealth Management Inc. increased its position in shares of Ryman Hospitality Properties by 240.2% during the first quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 209 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new stake in shares of Ryman Hospitality Properties during the third quarter worth about $40,000. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Wells Fargo & Company increased their price target on Ryman Hospitality Properties from $114.00 to $126.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Barclays lifted their price objective on Ryman Hospitality Properties from $110.00 to $120.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Weiss Ratings cut Ryman Hospitality Properties from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Morgan Stanley raised their price target on shares of Ryman Hospitality Properties from $105.00 to $112.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Finally, JPMorgan Chase & Co. upped their price target on shares of Ryman Hospitality Properties from $111.00 to $113.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Nine analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $120.33.

Read Our Latest Analysis on Ryman Hospitality Properties

Ryman Hospitality Properties Trading Up 0.1%

Shares of NYSE:RHP opened at $119.12 on Monday. The stock has a market capitalization of $7.52 billion, a price-to-earnings ratio of 31.43, a PEG ratio of 2.75 and a beta of 1.22. Ryman Hospitality Properties, Inc. has a 1-year low of $83.82 and a 1-year high of $119.71. The company has a 50 day moving average price of $104.82 and a 200 day moving average price of $99.05. The company has a debt-to-equity ratio of 5.15, a quick ratio of 1.35 and a current ratio of 1.35.

Ryman Hospitality Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a dividend of $1.20 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 4.0%. Ryman Hospitality Properties’s payout ratio is 126.65%.

About Ryman Hospitality Properties

(Free Report)

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

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