Keeler Thomas Management LLC Boosts Stock Position in Ryman Hospitality Properties, Inc. $RHP

Keeler Thomas Management LLC grew its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 203.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,289 shares of the real estate investment trust’s stock after acquiring an additional 15,625 shares during the period. Ryman Hospitality Properties accounts for approximately 1.1% of Keeler Thomas Management LLC’s portfolio, making the stock its 26th largest holding. Keeler Thomas Management LLC’s holdings in Ryman Hospitality Properties were worth $2,204,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in RHP. Royal Bank of Canada lifted its position in shares of Ryman Hospitality Properties by 44.1% during the first quarter. Royal Bank of Canada now owns 39,740 shares of the real estate investment trust’s stock worth $3,634,000 after acquiring an additional 12,169 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Ryman Hospitality Properties by 131.0% during the first quarter. AQR Capital Management LLC now owns 13,418 shares of the real estate investment trust’s stock worth $1,227,000 after acquiring an additional 7,610 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Ryman Hospitality Properties by 8.8% during the first quarter. Goldman Sachs Group Inc. now owns 784,970 shares of the real estate investment trust’s stock worth $71,778,000 after acquiring an additional 63,507 shares in the last quarter. Jane Street Group LLC lifted its position in shares of Ryman Hospitality Properties by 306.5% during the first quarter. Jane Street Group LLC now owns 36,162 shares of the real estate investment trust’s stock worth $3,307,000 after acquiring an additional 27,267 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted 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 in the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Trading Up 2.5%

NYSE RHP opened at $121.67 on Friday. The stock’s 50-day simple moving average is $107.08 and its two-hundred day simple moving average is $99.84. Ryman Hospitality Properties, Inc. has a twelve month low of $83.82 and a twelve month high of $122.46. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 5.15. The company has a market capitalization of $7.68 billion, a price-to-earnings ratio of 32.10, a PEG ratio of 2.41 and a beta of 1.22.

Ryman Hospitality Properties Announces Dividend

The company also recently declared 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. The ex-dividend date is Tuesday, June 30th. This represents a $4.80 dividend on an annualized basis and a yield of 3.9%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 126.65%.

Wall Street Analysts Forecast Growth

RHP has been the subject of several research analyst reports. Weiss Ratings lowered Ryman Hospitality Properties from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Truist Financial lifted their price objective on Ryman Hospitality Properties from $129.00 to $132.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Morgan Stanley lifted their price objective on Ryman Hospitality Properties from $105.00 to $112.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. Cantor Fitzgerald lifted their price objective on Ryman Hospitality Properties from $115.00 to $124.00 and gave the company an “overweight” rating in a research note on Wednesday, May 13th. Finally, Wells Fargo & Company lifted their price objective on Ryman Hospitality Properties from $114.00 to $126.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Ten equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $120.80.

Ryman Hospitality Properties 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.