Ryman Hospitality Properties, Inc. $RHP Holdings Decreased by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 1.2% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 814,405 shares of the real estate investment trust’s stock after selling 9,480 shares during the period. Victory Capital Management Inc.’s holdings in Ryman Hospitality Properties were worth $72,963,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of RHP. Cornerstone Planning Group LLC increased its holdings in shares of Ryman Hospitality Properties by 2,241.7% in the 3rd quarter. Cornerstone Planning Group LLC now owns 281 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 269 shares during the period. Hantz Financial Services Inc. increased 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 valued at $26,000 after buying an additional 218 shares during the period. Geneos Wealth Management Inc. grew its holdings in shares of Ryman Hospitality Properties by 240.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 209 shares in the last quarter. AlphaQuest LLC grew its holdings in shares of Ryman Hospitality Properties by 492.9% during the 2nd quarter. AlphaQuest LLC now owns 332 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 276 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new position in shares of Ryman Hospitality Properties in the third quarter worth $40,000. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Ryman Hospitality Properties Price Performance

NYSE RHP opened at $98.61 on Friday. Ryman Hospitality Properties, Inc. has a 1 year low of $76.27 and a 1 year high of $105.75. The company has a fifty day simple moving average of $97.32 and a 200 day simple moving average of $95.09. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 5.04. The company has a market cap of $6.21 billion, a P/E ratio of 26.23, a P/E/G ratio of 2.63 and a beta of 1.18.

Ryman Hospitality Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend is Tuesday, March 31st. Ryman Hospitality Properties’s payout ratio is currently 127.66%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on RHP shares. Cantor Fitzgerald lifted their price objective on Ryman Hospitality Properties from $108.00 to $115.00 and gave the company an “overweight” rating in a research report on Tuesday. Weiss Ratings reiterated a “hold (c)” rating on shares of Ryman Hospitality Properties in a report on Wednesday, January 28th. Morgan Stanley set a $88.00 price objective on Ryman Hospitality Properties in a report on Friday, January 16th. Truist Financial lifted their target price on shares of Ryman Hospitality Properties from $120.00 to $121.00 and gave the company a “buy” rating in a research note on Thursday, December 4th. Finally, Wall Street Zen upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $110.82.

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.