First Dallas Securities Inc. Has $2.87 Million Holdings in Ryman Hospitality Properties, Inc. $RHP

First Dallas Securities Inc. grew its holdings in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 16.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,340 shares of the real estate investment trust’s stock after purchasing an additional 4,290 shares during the period. Ryman Hospitality Properties comprises approximately 1.1% of First Dallas Securities Inc.’s investment portfolio, making the stock its 27th biggest holding. First Dallas Securities Inc.’s holdings in Ryman Hospitality Properties were worth $2,871,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Global Retirement Partners LLC raised its holdings in shares of Ryman Hospitality Properties by 155.0% in the fourth quarter. Global Retirement Partners LLC now owns 283 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 172 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Ryman Hospitality Properties in the fourth quarter valued at approximately $28,000. Hantz Financial Services Inc. raised its holdings in shares of Ryman Hospitality Properties by 283.1% in the third quarter. Hantz Financial Services Inc. now owns 295 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 218 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in Ryman Hospitality Properties by 61.7% during the third quarter. Caitong International Asset Management Co. Ltd now owns 296 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 113 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its holdings in 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 buying an additional 209 shares during the last quarter. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Ryman Hospitality Properties Price Performance

Shares of RHP opened at $120.40 on Wednesday. The company has a market cap of $7.60 billion, a price-to-earnings ratio of 31.77, a PEG ratio of 2.50 and a beta of 1.22. Ryman Hospitality Properties, Inc. has a 1-year low of $83.82 and a 1-year high of $121.37. The company’s fifty day simple moving average is $105.94 and its 200 day simple moving average is $99.45. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 5.15.

Ryman Hospitality Properties Announces Dividend

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

Analyst Ratings Changes

RHP has been the topic of a number of recent analyst reports. Cantor Fitzgerald boosted their target price on shares of Ryman Hospitality Properties from $115.00 to $124.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. Raymond James Financial restated an “outperform” rating and set a $125.00 target price on shares of Ryman Hospitality Properties in a report on Monday. Morgan Stanley boosted their target price on shares of Ryman Hospitality Properties from $105.00 to $112.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Wells Fargo & Company boosted their target price on shares of Ryman Hospitality Properties from $114.00 to $126.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Finally, JPMorgan Chase & Co. boosted their target price on shares of Ryman Hospitality Properties from $111.00 to $113.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Ten equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Ryman Hospitality Properties currently has an average rating of “Moderate Buy” and an average price target of $120.80.

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.