First Dallas Securities Inc. Grows Position in Ryman Hospitality Properties, Inc. $RHP

First Dallas Securities Inc. raised its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 18.4% in the first quarter, HoldingsChannel.com reports. The fund owned 35,916 shares of the real estate investment trust’s stock after purchasing an additional 5,576 shares during the quarter. Ryman Hospitality Properties comprises approximately 1.2% of First Dallas Securities Inc.’s portfolio, making the stock its 21st biggest position. First Dallas Securities Inc.’s holdings in Ryman Hospitality Properties were worth $3,314,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Inspire Investing LLC boosted its stake in shares of Ryman Hospitality Properties by 2.0% in the first quarter. Inspire Investing LLC now owns 5,564 shares of the real estate investment trust’s stock valued at $513,000 after purchasing an additional 111 shares during the period. Caitong International Asset Management Co. Ltd increased its stake in Ryman Hospitality Properties by 61.7% during the 3rd 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 period. Norinchukin Bank The increased its stake in Ryman Hospitality Properties by 4.2% during the 3rd quarter. Norinchukin Bank The now owns 2,978 shares of the real estate investment trust’s stock worth $267,000 after buying an additional 119 shares during the period. Janney Montgomery Scott LLC lifted its holdings in Ryman Hospitality Properties by 0.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 32,296 shares of the real estate investment trust’s stock worth $2,980,000 after buying an additional 124 shares in the last quarter. Finally, Lido Advisors LLC lifted its holdings in Ryman Hospitality Properties by 3.1% in the 4th quarter. Lido Advisors LLC now owns 4,332 shares of the real estate investment trust’s stock worth $397,000 after buying an additional 132 shares in the last quarter. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Ryman Hospitality Properties Trading Down 0.1%

RHP opened at $127.76 on Friday. The stock has a market capitalization of $8.06 billion, a PE ratio of 33.71, a P/E/G ratio of 2.59 and a beta of 1.20. The firm’s fifty day moving average price is $116.01 and its 200 day moving average price is $103.40. The company has a debt-to-equity ratio of 5.15, a current ratio of 1.35 and a quick ratio of 1.35. Ryman Hospitality Properties, Inc. has a 12-month low of $83.82 and a 12-month high of $132.41.

Ryman Hospitality Properties Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $4.80 annualized dividend and a dividend yield of 3.8%. Ryman Hospitality Properties’s payout ratio is presently 126.65%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. 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 research note on Wednesday, May 13th. Morgan Stanley lifted their target price on Ryman Hospitality Properties from $105.00 to $112.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Barclays boosted their price target on Ryman Hospitality Properties from $110.00 to $120.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. BMO Capital Markets reissued an “outperform” rating and issued a $137.00 price target on shares of Ryman Hospitality Properties in a report on Friday, June 12th. Finally, Truist Financial raised 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. Eleven analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $122.27.

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.