Custom Index Systems LLC Takes Position in Ryman Hospitality Properties, Inc. (NYSE:RHP)

Custom Index Systems LLC acquired a new stake in Ryman Hospitality Properties, Inc. (NYSE:RHPFree Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,575 shares of the real estate investment trust’s stock, valued at approximately $283,000.

Several other hedge funds have also modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Ryman Hospitality Properties by 9.8% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 29,638 shares of the real estate investment trust’s stock valued at $3,262,000 after acquiring an additional 2,652 shares in the last quarter. DekaBank Deutsche Girozentrale raised its stake in Ryman Hospitality Properties by 29.3% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 39,448 shares of the real estate investment trust’s stock valued at $4,336,000 after buying an additional 8,945 shares in the last quarter. TIAA Trust National Association acquired a new stake in Ryman Hospitality Properties in the fourth quarter valued at $220,000. Reinhart Partners LLC. raised its stake in Ryman Hospitality Properties by 9.6% in the fourth quarter. Reinhart Partners LLC. now owns 437,788 shares of the real estate investment trust’s stock valued at $48,183,000 after buying an additional 38,270 shares in the last quarter. Finally, Raymond James & Associates raised its stake in Ryman Hospitality Properties by 39.6% in the fourth quarter. Raymond James & Associates now owns 8,146 shares of the real estate investment trust’s stock valued at $897,000 after buying an additional 2,310 shares in the last quarter. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Ryman Hospitality Properties Stock Performance

NYSE RHP opened at $112.70 on Friday. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 5.90. Ryman Hospitality Properties, Inc. has a 52-week low of $79.86 and a 52-week high of $122.91. The business’s 50-day moving average price is $116.15 and its 200 day moving average price is $104.93. The firm has a market cap of $6.75 billion, a P/E ratio of 21.76, a P/E/G ratio of 0.79 and a beta of 1.57.

Ryman Hospitality Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date is Wednesday, March 27th. Ryman Hospitality Properties’s dividend payout ratio is currently 84.94%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Wells Fargo & Company raised their price target on Ryman Hospitality Properties from $125.00 to $133.00 and gave the company an “overweight” rating in a research note on Thursday, March 21st. StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Friday, February 23rd. Raymond James raised their price objective on Ryman Hospitality Properties from $115.00 to $135.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Truist Financial raised their price objective on Ryman Hospitality Properties from $134.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. Finally, JPMorgan Chase & Co. raised Ryman Hospitality Properties from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $89.00 to $102.00 in a report on Thursday, December 14th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Ryman Hospitality Properties presently has a consensus rating of “Moderate Buy” and an average price target of $118.00.

Check Out Our Latest Research Report on RHP

Insider Buying and Selling

In related news, COO Patrick S. Chaffin sold 16,189 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $119.74, for a total transaction of $1,938,470.86. Following the transaction, the chief operating officer now owns 17,618 shares of the company’s stock, valued at $2,109,579.32. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 3.30% of the company’s stock.

About Ryman Hospitality Properties

(Free Report)

Ryman Hospitality Properties, Inc (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and entertainment experiences. The Company's holdings include Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; Gaylord National Resort & Convention Center; and Gaylord Rockies Resort & Convention Center, five of the top seven largest non-gaming convention center hotels in the United States based on total indoor meeting space.

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Institutional Ownership by Quarter for Ryman Hospitality Properties (NYSE:RHP)

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