Penn Capital Management Company LLC Sells 14,884 Shares of Ryman Hospitality Properties, Inc. $RHP

Penn Capital Management Company LLC reduced its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 10.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 121,198 shares of the real estate investment trust’s stock after selling 14,884 shares during the quarter. Penn Capital Management Company LLC’s holdings in Ryman Hospitality Properties were worth $11,497,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. PGGM Investments raised its holdings in Ryman Hospitality Properties by 5.8% during the fourth quarter. PGGM Investments now owns 785,000 shares of the real estate investment trust’s stock valued at $74,277,000 after buying an additional 43,166 shares in the last quarter. Allstate Corp bought a new position in Ryman Hospitality Properties during the fourth quarter valued at about $566,000. Cooke & Bieler LP raised its holdings in Ryman Hospitality Properties by 12.8% during the fourth quarter. Cooke & Bieler LP now owns 1,251,144 shares of the real estate investment trust’s stock valued at $118,383,000 after buying an additional 142,206 shares in the last quarter. Legal & General Group Plc raised its holdings in Ryman Hospitality Properties by 5.6% during the fourth quarter. Legal & General Group Plc now owns 436,511 shares of the real estate investment trust’s stock valued at $41,303,000 after buying an additional 23,224 shares in the last quarter. Finally, Hantz Financial Services Inc. raised its holdings in Ryman Hospitality Properties by 134.9% during the fourth quarter. Hantz Financial Services Inc. now owns 693 shares of the real estate investment trust’s stock valued at $66,000 after buying an additional 398 shares in the last quarter. 94.48% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

RHP has been the topic of several recent research reports. Evercore restated an “outperform” rating and set a $115.00 target price on shares of Ryman Hospitality Properties in a report on Friday, February 6th. Morgan Stanley raised their target price on Ryman Hospitality Properties from $105.00 to $112.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Barclays raised their target price on Ryman Hospitality Properties from $109.00 to $110.00 and gave the company an “overweight” rating in a report on Tuesday, April 7th. Cantor Fitzgerald raised their target price on Ryman Hospitality Properties from $115.00 to $124.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. Finally, Truist Financial raised their target price on Ryman Hospitality Properties from $129.00 to $132.00 and gave the company a “buy” rating in a report on Tuesday. Nine equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $117.89.

Ryman Hospitality Properties Trading Up 2.2%

Shares of NYSE:RHP opened at $114.41 on Wednesday. The company has a market cap of $7.22 billion, a P/E ratio of 30.19, a P/E/G ratio of 2.60 and a beta of 1.22. The stock’s 50-day moving average is $100.92 and its 200-day moving average is $97.81. Ryman Hospitality Properties, Inc. has a 52-week low of $83.82 and a 52-week high of $114.60. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Tuesday, June 30th. Ryman Hospitality Properties’s dividend payout ratio (DPR) is currently 126.65%.

Ryman Hospitality Properties Company Profile

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.