Ryman Hospitality Properties, Inc. $RHP Shares Purchased by Texas Yale Capital Corp.

Texas Yale Capital Corp. raised its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 84.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,790 shares of the real estate investment trust’s stock after acquiring an additional 5,840 shares during the quarter. Texas Yale Capital Corp.’s holdings in Ryman Hospitality Properties were worth $1,146,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. First Dallas Securities Inc. raised its holdings in Ryman Hospitality Properties by 103.9% during the 3rd quarter. First Dallas Securities Inc. now owns 26,050 shares of the real estate investment trust’s stock worth $2,334,000 after buying an additional 13,275 shares during the period. Peregrine Capital Management LLC boosted its holdings in shares of Ryman Hospitality Properties by 4,049.6% in the second quarter. Peregrine Capital Management LLC now owns 56,144 shares of the real estate investment trust’s stock worth $5,540,000 after buying an additional 54,791 shares during the period. Bayforest Capital Ltd purchased a new position in shares of Ryman Hospitality Properties in the third quarter worth approximately $776,000. Strs Ohio increased its position in shares of Ryman Hospitality Properties by 23.3% in the third quarter. Strs Ohio now owns 114,324 shares of the real estate investment trust’s stock worth $10,242,000 after acquiring an additional 21,600 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Ryman Hospitality Properties during the second quarter valued at approximately $344,000. Institutional investors own 94.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Barclays set a $109.00 price objective on shares of Ryman Hospitality Properties in a research note on Tuesday, January 13th. Wall Street Zen upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $131.00 target price on shares of Ryman Hospitality Properties in a research report on Tuesday, January 13th. Truist Financial upped their price target on Ryman Hospitality Properties from $120.00 to $121.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. Finally, Morgan Stanley set a $88.00 price objective on Ryman Hospitality Properties in a research note on Friday, January 16th. Eleven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Ryman Hospitality Properties currently has a consensus rating of “Moderate Buy” and an average target price of $110.58.

Ryman Hospitality Properties Trading Up 0.3%

Shares of NYSE:RHP opened at $100.46 on Tuesday. The firm has a fifty day moving average of $96.21 and a two-hundred day moving average of $94.44. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 4.98. Ryman Hospitality Properties, Inc. has a 12-month low of $76.27 and a 12-month high of $105.51. The firm has a market capitalization of $6.33 billion, a P/E ratio of 26.58, a price-to-earnings-growth ratio of 2.57 and a beta of 1.21.

Ryman Hospitality Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 4.8%. This is an increase from Ryman Hospitality Properties’s previous quarterly dividend of $1.15. The ex-dividend date was Wednesday, December 31st. Ryman Hospitality Properties’s dividend payout ratio is presently 126.98%.

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.