Ryman Hospitality Properties, Inc. $RHP Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its position in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 14.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,094,286 shares of the real estate investment trust’s stock after selling 342,092 shares during the period. Principal Financial Group Inc.’s holdings in Ryman Hospitality Properties were worth $193,241,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. increased its position in shares of Ryman Hospitality Properties by 240.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 209 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its position in shares of 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 purchasing an additional 113 shares during the last quarter. Global Retirement Partners LLC lifted its position in shares of Ryman Hospitality Properties by 155.0% during the 4th quarter. Global Retirement Partners LLC now owns 283 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 172 shares during the last quarter. International Assets Investment Management LLC grew its stake in shares of Ryman Hospitality Properties by 437.0% during the first quarter. International Assets Investment Management LLC now owns 290 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 236 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Ryman Hospitality Properties during the fourth quarter worth $28,000. Institutional investors and hedge funds own 94.48% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Raymond James Financial restated an “outperform” rating and issued a $125.00 price target on shares of Ryman Hospitality Properties in a research note on Monday, June 8th. JPMorgan Chase & Co. upped their price objective on Ryman Hospitality Properties from $111.00 to $113.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. Morgan Stanley increased their price objective on Ryman Hospitality Properties from $105.00 to $112.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. BMO Capital Markets reiterated an “outperform” rating and issued a $137.00 price objective on shares of Ryman Hospitality Properties in a report on Friday, June 12th. Finally, Weiss Ratings lowered Ryman Hospitality Properties from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Eleven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $122.27.

Ryman Hospitality Properties Trading Down 0.3%

Shares of Ryman Hospitality Properties stock opened at $123.93 on Wednesday. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 5.15. The company has a fifty day simple moving average of $119.10 and a 200-day simple moving average of $104.81. The stock has a market cap of $7.82 billion, a price-to-earnings ratio of 32.70, a PEG ratio of 2.25 and a beta of 1.20. Ryman Hospitality Properties, Inc. has a 12-month low of $83.82 and a 12-month high of $132.41.

Ryman Hospitality Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors 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 dividend on an annualized basis and a yield of 3.9%. Ryman Hospitality Properties’s payout ratio is 126.65%.

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.